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An update on required ‘Conflict’ Metals reporting…

Operations and Supply Chain Management

listed companies that have filed their first audits on whether their products contained any tin, gold, tungsten or tantalum from Africa’s war-torn Congo region. Retailer J.C. Plenty of products still contain the four targeted metals from the Congo region. The admissions were among reports by nearly 1,300 U.S.-listed

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Do Consumers Care About Ethical Sourcing?

Logistics Viewpoints

A big part of sustainability initiatives includes the use of ethical sourcing. Ethical sourcing is the process of ensuring that the products made are obtained through responsible and sustainable methods. While we have seen more companies promoting ethical sourcing, does the consumer really care? Ethical Sourcing.

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4 Crucial Commodities to Watch in 2023

Resilinc

Presently, The Democratic Republic of Congo (DRC) is the top producer of cobalt—making 71% of the world’s supply. Some sources predict future lithium shortages due to the large quantities of water required for lithium production, which is taxing for areas like South America and Australia that are prone to drought.

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Unethical Supply Chains Cost More Than Dollars and Cents

QAD

Now they want to know what acre of land it was grown on, the source of the water and the living conditions of the workers.” Or, consider the recent 2021 case where fast fashion maker and retailer, Boohoo , lost over a £1 billion in company value when it was uncovered that suppliers were paying less than minimum wage.

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How the Inflation Reduction Act’s EV Tax Credit Will Reshape Supply Chains

QAD

Those sourcing requirements are scheduled to increase by 10% every year beginning in 2023. The Inflation Reduction Act aims to ensure critical minerals are sourced ethically and sustainably, as well as in a manner that helps stimulate US manufacturing growth. The maximum MSRP for those products is $80,000.

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Recap: State of the Supply Chain in 2022, Live Chat with Tom Linton

Resilinc

Linton: OEMs must deal with issues like whether their third-tier supplier is exploiting children in the Democratic Republic of Congo to mine cobalt. In the last few weeks, major retailers have announced that they’re sitting on boatloads of inventory. On the other hand, no retailer wants to have empty shelves on Black Friday.