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Conflict minerals: The retail perspective
New opportunities, emerging risks
As retailers seek to offset the impact of the relatively slow recovery of the U.S. economy, opportunities in new or emerging markets have become very attractive. At the same time, however, these opportunities present emerging risks such as exposure to new regulatory requirements, additional risks to compliance with US laws and regulations, and cultural difference challenges.
Vigilant monitoring required
Complex and conflicting supply chain regulations across jurisdictions require vigilant monitoring on a global basis. Strong collaboration across supply chain nodes has become critical in a fluid global trade environment. Various standards, customer requirements, and social pressures from non-governmental organization (NGOs) and consumers are emerging at rapid rates, increasing the need for coordinated compliance programs and activities.