With just four short months left before publicly traded electronics component manufacturers doing business in the United States must report to the U.S. federal government any use of so-called conflict minerals sourced from Africa, many global companies are still without a concrete plan for compliance.
In a December IHS webinar on the subject, fully 42 percent of participating companies in a survey professed uncertainty on what to do, or appear unprepared for the May 2014 deadline on conflict minerals.
Of the 42 percent of the respondents, at least 22 percent said they were “unsure” on how to go about meeting the new regulations on conflict minerals. Meanwhile, 20 percent admitted they were just in the process of putting a plan together or “determining that approach now.”
The companies surveyed included 162 firms from five global geographical regions, with the majority of attendees based in the U.S.
