OEMs and Tier 1 suppliers need their Tier 2 and Tier 3 suppliers to help them be competitive in today’s automotive market. But what do the OEMs and Tier 1 suppliers really want and need from their suppliers? AIAG and leadership of OEMs and Tier 1 suppliers came together to identify the key issues of quality supplier resources:Read More
Two sold-out crowds for the morning and afternoon sessions of AIAG's Conflict Minerals Industry Briefing III earlier this month proved that looming deadlines for meeting new reporting requirements have more than a few companies looking for help.
Our work demands responsibility. A coalition of manufacturers, suppliers, retailers, and service providers, AIAG values an open, active forum for identifying emerging threats to the sustainable growth of the automotive industry.
Among those threats is the use of conflict minerals - so called, as the mining of tin, tantalum, tungsten, and gold in the metal-rich Democratic Republic of Congo has helped fund violent militia groups. Accordingly, in 2012, the Dodd-Frank Act was signed into law requiring publicly-traded companies to disclose their sources. While the ruling does not explicitly prohibit the use of these minerals, the resultant market changes have since stymied warlords' access to soldiers and weapons.
Unless you are one of the few readers of this blog who are blissfully unaware of the Securities and Exchange Commission's (SEC) conflict minerals rule, you probably know that the first-year filing deadline was June 2. The rule, which requires SEC-filing companies that manufacture or contract to manufacture products to investigate whether those products contain tin, tungsten, tantalum, or gold and, if so, to submit a special form to the SEC, has been the subject of numerous articles and analyses, not to mention lawsuits and high drama. Now that close to 1,300 forms have been filed and made available on the SEC's EDGAR website, it is a good time to take a look at what the filings reveal and what lessons can be learned from this first phase of conflict minerals compliance.
With more than two decades of experience in automotive forecasting, strategic analysis, and manufacturing finance, Michael Robinet has been quoted by worldwide print, radio, and TV media on a variety of industry topics. In his March 18, 2014 presentation titled "Global Light Vehicle Production: Shifts, Undercurrents and Global Integration," Robinet told the 200 attendees at the AIAG Supply Chain Summit that the world market is strong, but most of the growth is coming from China.
The supply chain is truly the heart of the automotive industry. It's what moves products, creates business relationships, and builds products consumers purchase over and over again. Clearly, your business needs to take supply chain management into consideration - but how do you determine where your products fall in the larger picture? What is the supply chain, really, and how can your business become a trusted part of it?