An Insightful Look at 2014 Conflict Minerals Efforts: Benefits of Tracing Your Supply Chain
Publisher: Source Intelligence
Author(s): Jordan Groves, Jennifer Kraus, Elizabeth Martin, and Devin Simonson
Date: 2014
Topics: Extractive Resources, Governance
Timely supplier responsiveness is a key enabler for conflict minerals compliance. Across core steps in the compliance process, as depicted in Figure 1, determining the chain of custody of minerals requires a significant amount of supplier engagement. For 2013 compliance, this proved to be extremely time-consuming as requests for information had to be passed through multiple tiers in the supply chain. Delays in collecting responses were exacerbated by resistant suppliers who lacked awareness and understanding of the Dodd-Frank Section 1502 conflict minerals disclosure regulation.