Skip to content
  • Blog
  • Careers
  • Demo
  • Login
  • Customer Hub
  • (408) 883-8053
  • [email protected]
Facebook-f Twitter Linkedin
  • Blog
  • Careers
  • Demo
  • Login
  • Customer Hub
Menu
  • Blog
  • Careers
  • Demo
  • Login
  • Customer Hub
Resilic Logo
  • Products
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
  • Company
    • About
    • Partners
    • News
  • Contact
Menu
  • Products
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
  • Company
    • About
    • Partners
    • News
  • Contact
Resilic Logo
  • Products
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
  • Company
    • About
    • News
  • Contact
  • Blog
  • Careers
  • Demo
  • Login
  • Customer Hub
Menu
  • Products
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
  • Company
    • About
    • News
  • Contact
  • Blog
  • Careers
  • Demo
  • Login
  • Customer Hub
Facebook-f Twitter Linkedin
  • Blog
  • Careers
  • Demo
  • Login
  • Customer Hub
Menu
  • Blog
  • Careers
  • Demo
  • Login
  • Customer Hub
Resilic Logo
  • Products
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
  • Company
    • About
    • Partners
    • News
  • Contact
Menu
  • Products
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
  • Company
    • About
    • Partners
    • News
  • Contact
  • Products
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
  • Company
    • About
    • News
  • Contact
  • Blog
  • Careers
  • Demo
  • Login
  • Customer Hub
  • Blog
  • In the News
  • Press Releases
Menu
  • Blog
  • In the News
  • Press Releases

Home / High Tech Companies Weigh Merit of Conflict Minerals Reporting Automation

High Tech Companies Weigh Merit of Conflict Minerals Reporting Automation

Resilinc Transparent old Logo

Resilinc Launches Free Solution for Conflict Minerals Compliance

Milpitas, CA – January 6, 2015. As we mark the beginning of the third compliance period – January 1, 2015 – of the SEC provision known as the “Conflict Minerals Rule,” reporting companies are still weighing their options for how best to achieve compliance in the most cost-effective manner.

Under the Rule, if conflict minerals — tin, tantalum, tungsten and gold — are necessary to the functionality or production of products manufactured or contracted to be manufactured by an SEC reporting company, the company must take steps to determine and make specified disclosures concerning, among other things, the source of the 3TG contained in its in-scope products. The intent of the Rule is to reduce a significant source of funding for armed groups that are committing human rights abuses and contributing to the conflict in the eastern DRC.

The decision to rely on external consultants and service providers or invest in a tool that automates some or all of the processes associated with supplier data collection and validation, progress and status tracking, and report aggregation and generation, depends largely on the scale of a reporting company’s supplier network.

“We have a relatively shallow supply chain network,” said the CEO of a Mountain View voice processing technology company. “As a result, it is cost-efficient at this time for us to work with external consultants to address our conflict minerals obligations.”

For organizations with a more complex web of supply chain partners, automation tools are becoming an increasingly viable option. According to a Tulane University study released in October, companies spent on average approximately $545,000 worth of time and effort to comply. This makes cloud supply chain risk management solutions from companies like Resilinc (Milpitas, CA), more compelling for companies with complex supplier networks.

“We are introducing today Resilinc SupplyIntel™ Conflict Minerals Pro which is a free trial version of our cloud solution that can be used for up to one year as a proof of concept,” said Wayne Caccamo, chief marketing officer at Resilinc. “This complements our flagship turnkey service, Conflict Minerals Enterprise, which can be used to onboard and manage an unlimited number of suppliers.”

Whether you rely on consulting services, automation or a blend, far too many companies are severely lagging in getting commitments from suppliers to provide detailed information according to a statement in Supply Chain Management Review, October 7, 2014. “This is a huge obstacle, especially since we are fast approaching a key stage in Dodd-Frank – audited and verifiable reports on source materials.”

Resilinc believes it has the solution for achieving high rates of supplier collaboration. “Our secure Linked-In model for supplier information sharing, allows suppliers to submit their information once, and share it with multiple reporting companies upon their approval,” said Caccamo. “This is a dramatically more efficient way to respond to disparate customer requests for information and has resulted in unprecedented levels of supplier cooperation, as evidenced by the 40,000 participating suppliers in our network representing over 400,000 parts. Our customers leverage this network to manage supply chain risk management initiatives beyond conflict minerals.”

Resilinc suggests that high tech companies can more easily justify any incremental expense in conflict minerals reporting automation, by viewing it as part of a more comprehensive program to manage a variety of supply chain risks, such as disruption risk, business continuity planning, and capacity management. By enabling companies to build a single centralized repository of supplier risk information, the company claims it is simplifying pro-active risk mitigation and incident response for its customers through its patent-pending and award-winning analytics engine.

One company that leverages risk management automation technology in precisely this way is Juniper Networks (Sunnyvale, CA). “We were already using a cloud platform to support our global supply chain resiliency program,” said global operations executive, Joe Carson. “What we learned was once we had our suppliers mapped and on-boarded, we were able to resolve our conflict minerals audit in a matter of weeks. If I was going to give other executives advice on building a supply chain resiliency program, I would say get started now.”

Media Contact:

Marc Gendron
MarComm PR
559-824-8360
[email protected]

Read All Global Disruptions

Recent Global Disruptions

EIGHTEENTH UPDATE: Supply Chain Disruptions Continue as Coronavirus Outbreak Worsens

Read More

Fire Engulfs Truck Carrying Fiat Spare Parts in Canapi, Sertao Alagoano, Brazil

Read More

Lactalis to Close its Milk Facility in Rockhampton, Queensland, Australia

Read More

Recent Posts

  • Period of high financial risk to suppliers on the horizon
  • Recap: State of the Supply Chain in 2022, Live Chat with Tom Linton
  • Tech OEMs battle it out in the semiconductor value chain
  • Strikes and protests disrupt supply chains, globally
  • The Uyghur Forced Labor Act and your supply chain

Recent Comments

    Archives

    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • February 2020
    • October 2019
    • July 2019
    • June 2019
    • April 2019
    • March 2019
    • October 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • October 2017
    • August 2017
    • July 2017
    • May 2017
    • April 2017
    • October 2016
    • September 2016
    • August 2016
    • July 2016
    • June 2016
    • May 2016
    • April 2016
    • March 2016
    • February 2016
    • January 2016
    • December 2015
    • November 2015
    • October 2015
    • September 2015
    • August 2015
    • July 2015
    • June 2015
    • May 2015
    • April 2015
    • March 2015
    • February 2015
    • January 2015
    • December 2014
    • November 2014
    • October 2014
    • September 2014
    • August 2014
    • July 2014

    Categories

    • 3TG
    • Action Plan
    • Automotive
    • Automotive
    • Automotive Industry
    • BCP
    • Business Continuity
    • Business Continuity Planning
    • Business Continuity Program
    • Climate
    • Climate Change
    • Commodities
    • Commodity management
    • Conflict mineral derivatives
    • Conflict Minerals
    • Coronavirus
    • Coronavirus Impact
    • Covid-19
    • CPG
    • Crisis Management
    • Cyber
    • Energy
    • ESG
    • ESG
    • Eventwatch
    • Extreme Weather
    • Geopolitical
    • Geopolitics
    • Healthcare
    • High-Tech
    • Human Health
    • Hurricane Preparedness
    • Hurricane season
    • Implications
    • Logistics
    • Merger & Acquisition
    • Multi-tier Mapping
    • Predictive Analytics
    • Press Release
    • Proactive risk mitigation
    • Rare earth minerals
    • Regulatory compliance
    • Reshoring
    • Resiliency
    • Resiliency Program Planning
    • Russia-Ukraine
    • SCRM Best Practices
    • Semiconductor
    • Special Reports
    • Supplier Capacity Management
    • Supplier capacity risk
    • Supplier Collaboration
    • Supplier relations
    • Supply Chain Delays
    • Supply Chain Disruptions
    • Supply Chain Event Monitoring
    • Supply Chain Impact
    • Supply chain management
    • Supply chain mapping
    • Supply chain regulations
    • Supply Chain Resilience
    • Supply Chain Resiliency
    • Supply Chain Resiliency Management
    • Supply Chain Risk
    • Supply Chain Risk Management
    • Supply Chain Risk Mitigation
    • Supply Chain Visibility
    • Sustainability
    • Tariffs and Trade
    • Thought Leadership
    • Transportation
    • Uncategorized
    • Webinar
    • White Papers & Reports

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Jigar Shah

    Phone no. – +1  (510) 304-1974

    Email – [email protected]

    Subscribe

    Featured Topics

    Automation Climate Wildfires

    Receive Our Weekly Newsletter

    Subscribe
    Resilinc Transparent Logo

    Most Trusted, Cognitive Supply Chain Risk Management Platform

    Products

    Blog

    Career

    • Eventwatch
    • Riskshield
    • Supplier Capability Assessment
    • R Score
    • Business Continuity
    • CyberSCRM
    Menu
    • Eventwatch
    • Riskshield
    • Supplier Capability Assessment
    • R Score
    • Business Continuity
    • CyberSCRM

    Company

    • About
    • News
    • Events
    Menu
    • About
    • News
    • Events

    Resources

    • White Papers & Reports
    • Case Studies
    • On-Demand Webinars
    Menu
    • White Papers & Reports
    • Case Studies
    • On-Demand Webinars

    Follows Us

    Facebook-f Twitter Linkedin
    Sales: [email protected] Support: [email protected] Call us: (408) 883-8053
    Resilinc Transparent Logo

    Most Trusted, Cognitive Supply Chain Risk Management Platform

    Company

    • About
    • News
    • Events
    Menu
    • About
    • News
    • Events

    Resources

    • White Papers & Reports
    • Case Studies
    • On-Demand Webinars
    Menu
    • White Papers & Reports
    • Case Studies
    • On-Demand Webinars
    • Products
    • Blog
    • Careers
    Menu
    • Products
    • Blog
    • Careers

    Follows Us

    Facebook-f Twitter Linkedin
    Sales: [email protected]
    Support: [email protected] Call us: (408) 883-8053

    © 2022 Resilinc Corporation. All rights reserved.

    Data Security

    Privacy Policy

    Resilinc Special Report

    Uyghur Forced Labor Prevention Act - What Importers Need To Know

    Download Now