Product regulations

Why is this a risk?

Increasing geo-based legislations and customer pressure to create environmentally-friendly products are forcing companies to examine their supply chains to understand reporting obligations and required data-collection activities. Without first developing an approach to understand the regulations that apply to the business and individual products, companies run the risk of significant wasted effort for both their resources and that of the suppliers. 

Additionally, proper analysis can avoid costly product recalls, materials usage violations and consumer activism to boycott products.

 

Examples of where this risk could affect you

  • You might engage a contract manufacturer to provide you with a specific part that goes into one of your products
  • You ship product into countries with specific product regulations

 

What sort of suppliers could be engaged in this risk area?

  • Component manufacturers that provide components to you that contain restricted or banned substances

  • Suppliers whose products require proper materials labelling prior to distribution to end users

Previous Article
Sustainability
Sustainability

Companies and their supply chains now play a role in ensuring that they also protect the social, economic a...

Next Article
Emissions & waste monitoring
Emissions & waste monitoring

One of the biggest opportunities for risk is the potential for excessive emissions and waste produced by th...