Wednesday Jun 11, 2014

Lack of Transparency in the Supply Chain Results in Inconsistent Reporting on Conflict Minerals

May 31, 2014 was the official deadline for U.S.-listed companies to disclose use of conflict minerals to the SEC. Of the estimated 6,000 companies that were required to file audits of their tin, gold, tungsten or tantalum in their products, only 1,300 filed reports, and these results have revealed the ongoing challenges that many manufacturers are having complying with this legislation.

An article authored by IDC analyst Heather Ashton,"Conflict Minerals Reporting Passes a Notable Milestone" notes that many leading companies such as Intel, Apple and HP filed their reports ahead of the deadline, but other companies are struggling with trying to trace their supply chain back to raw materials, especially as many non-U.S. based suppliers have no legal requirement to comply with the law since they are not U.S.-listed companies. This has resulted in widely varying levels of reporting from company to company. Check out the full article here. Are your customers experiencing the same pains?

Monday Apr 08, 2013

20 Mining CEOs lost their jobs in the last 18 months! What’s going on?

Prices fall as demand increases, defying traditional econmic wisdoms. Mining firms need to look to new markets to grow their value contributions to the end markets.  CEOs are challenged by the market sector dynamics, complexity and challenges.


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Wednesday Mar 14, 2012

Is there 'Conflict Material' in your Supply Chain? ..Gold in your circuits?

For the last decade, trade in 'conflict minerals' has fueled human rights abuses and promoted insecurity in the African Congo (DRC). The Dodd Frank Wall Street Reform and Consumer Protection Act, passed by the US Congress July 2010, includes a provision – Section 1502 – aimed at stopping the national army and rebel groups  from illegally using profits from the minerals  trade to fund their fight. Section 1502 is a disclosure requirement that calls on companies to determine whether their products contain 'conflict mineral's – by carrying out supply chain due diligence – and to report to the Securities and Exchange Commission (SEC). The most commonly mined minerals are cassiterite, wolframite, coltan, and gold, extracted from the Congo and passed through a variety of intermediaries before being purchased by multinational electronics companies. These minerals are essential in the manufacture of a variety of devices, including consumer electronics as mobile phones, laptops and MP3 players. Minerals mined in Eastern Congo pass through the hands of numerous middlemen as they are shipped out of Congo, sourced through neighboring countries such as Rwanda or Burundi, to East Asian processing

Do you know where your source marterials originate?  Do you have control of your supply chain? Every supply chain executive should be aware of the Conflict Materials clause and have transparancy into their product components.

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