The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 has created a compliance matter for the supply chain which they are not skilled to easily address. The unique challenges will require those using coltan (tantalum), wolframite (tungsten), and cassiterite (tin) and gold to comply with upcoming Securities and Exchange Commission regulations.
Company executives are now being warned to begin to develop a strategy for dealing with their use of conflict minerals. In a recent article by Andrew Reese of Supply and Demand Chain Executive, attention is brought to the complexity of the issue. Topics brought up include ongoing Congo dynamics, lack of standards for managing mineral supply chain origins, and tracking tools needed.
One would have thought that the industry would have had time to address these issue. They had better start solving the problem because ready or not, here it comes!
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