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Centralized Platform for Managing Global Trade Policies and Regulations

Moving forward, as consumers and shareholders both demand transparency and ask for more accountable businesses, sustainability within the supply chain will evolve from just "greenwashing" to become the foundation of great business. "Today, sustainability has replaced cost, value and speed as the dominant topic of discussion among purchasing and supply professionals," asserts the authors of one Oracle white paper. In 2007, Mattel spent $110 million on product recalls and saw its share price drop 5. 8 percent in just two months after its Tier 2 Suppliers used unsafe levels of lead paint in Mattel toys. "Even though Mattel has excellent supply chain management, one slip-up cost them in terms of reputation loss," says Diane Osgood, Ph. D. and founder of Osgood Sustainability Consulting. "Better transparency could have saved them.