Market Overview: Product Compliance
Yaowen Ma
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Executive Summary
Despite an aggressive international regulatory agenda focused on whether products (and samples) comply with safety and environmental requirements, there is a lack of consensus about what product stewardship involves. Even the term ‘product stewardship’ is under question as it may obscure more than it clarifies for non-experts. This Verdantix report provides a strategic overview of the current state of the product compliance market landscape. Verdantix research and analysis has identified three archetypes that can help firms determine the appropriate product compliance governance structure, operational needs and information management systems. While each archetype is distinct and does not overlap, large firms and conglomerates may find that more than one archetype is applicable to them if their different business units are active across the value chain. Technology vendors can use this archetype framework to clarify how their solution maps to the unique challenges, risks and concerns faced by firms or divisions in each of the three archetypes.Product Stewardship And Chemical Compliance Terminology Confuses Most Market Participants
Solving The Product Compliance Challenge Requires A Focus On Chemical Compliance
Product Compliance Is A Messy And Complex Issue To Manage
Firms Struggle To Keep Track Of Overlapping Product And Chemical Compliance Regulations
Regulations Apply In Multiple Ways Depending On A Firm’s Operations And Production Processes
Variations In Product Compliance Regulatory Applicability Result In Diverse Organizational Models
IT Strategies Look More Like A Frayed Amish Quilt Than A Coherent Management System
Three Archetypes Clarify The Appropriate Product Compliance Strategy
Undertake The Product Compliance Self-Assessment To Establish Your Archetype
Product Guardians Have The Most Complex Chemical Compliance Risks To Control
Operations Defenders Lean Heavily On The EHS Function To Manage Risks
Traceability Champions Co-Ordinate Functions From Sourcing To Product Design
Technology Vendors Need To Clarify How Their Solutions Map To The Three Archetypes
Develop Technology Roadmaps That Comprehensively Deliver For The Three Archetypes
Figure 2. Defining Product Compliance
Figure 3. Product Compliance Communication Flow
Figure 4. Product Compliance Vendor Backgrounds Are Diverse
Figure 5. Product Compliance Archetype Self-Assessment Framework
Figure 6. Product Compliance Archetype: Governance, Data And Regulatory Characteristics
Figure 7. Information Management Landscape For Product Stewardship
About the Author
Yaowen Ma
Principal Analyst
Yaowen is a Principal Analyst at Verdantix conducting research on EHS and ESG information management. His current agenda focuses on digital technologies, best practices and gr...
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