Jared Connors and Daniel Zamora join Tom Fox's final episode of the Supply Chain and ESG – What You Need to Know series to discuss how market expectations have evolved about due diligence in responsible sourcing.
Due diligence used to be a data collection exercise where you get transparency into your supply chain, but now it's all about what you do with that information after you collect data – how a company can move from being reactive to See more +
Jared Connors and Daniel Zamora join Tom Fox's final episode of the Supply Chain and ESG – What You Need to Know series to discuss how market expectations have evolved about due diligence in responsible sourcing.
Due diligence used to be a data collection exercise where you get transparency into your supply chain, but now it's all about what you do with that information after you collect data – how a company can move from being reactive to being proactive. The first step to making this move is collecting data more efficiently; this allows you to have the resources to perform risk management within your supply chain. You need to know who's on your supply chain and have a specific program in place to identify the risks of smelters.
Under the Biden administration, there has been a major focus on critical minerals regarding sanctions and regulations. Critical minerals are not specifically tied to the Dodd-Frank Act, but this focus has emphasized to stakeholders in the industry to be vigilant about them. An entity in your supply chain tied to a sanction puts you at risk, no matter how direct or indirect that linkage is. See less -
