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ERM Insights: Managing Business Risks with Effective Product Stewardship

02 August 2017

This collection of four white papers offer pragmatic insights into common challenges that can present substantial business risks.

In regards to product stewardship, societal norms are driving the demand for safer, more environmentally sound products, and this trend is reflected in evolving global policies. In this collection we explore the factors that shape public perception, and the various tools and techniques that can be used to anticipate those drivers and manage their consequences.

You will learn about the common challenges of launching a product into a spiderweb of global and multi-jurisdictional regulations, and gain insights into successful registration strategies – particularly relevant to companies making products that are formulations or mixtures. Finally, our series concludes with concentrated perspectives on global regulatory changes in the European Union and Asia Pacific regions.

The papers featured include:

Public Outrage and Legislative Action, From Silent Spring to Societal Expectations: Managing the Business Risks
by Kate Sellers and Nancy Miller

What ignites a controversy that results in new regulation or a dramatic drop in product sales? Recent history demonstrates that fears (well-founded or not) about chemicals can spark controversies that sway public opinion and sometimes can change the regulatory and consumer landscape. Read more

Which Regulation Fits Where? Challenges and Solutions to the Regulatory Puzzle
by Kerrie Canavan

The crux of competing within a global market is local regulatory compliance. And the speed of achieving compliance in order to launch a product can be crucial. According to a 2014 industry survey, it costs approximately $286 million to bring a single crop-protection product to market. Read more

Keeping up with Global Chemical Regulatory Changes - An EU Perspective
by Jo Lloyd

Regulation is an essential part of modern society and ethical governance. In regards to product stewardship, societal norms are driving the demand for safer, more environmentally sound products, and this trend is reflected in evolving global policies. Read more

Keeping up with Global Chemical Regulatory Changes - Asia Perspective
by Hironori Takamura, Eunjae Shin, Yajuan Pi, Yuching Wang, and James Leu

Through the promulgation of “household name” legislation such as REACH, CLP, and BPR over the past decade, chemical regulation has become highly developed in markets such as the European Union (EU) and is expanding rapidly to new markets in the rest of the world. Read more

Contact information is provided in each paper. Please feel free to engage with our ERM authors.

We hope that these Insights bring you a thought-provoking, benchmarking perspective. Product stewardship is no longer a simple paperwork exercise in regulatory compliance; it now holds a pivotal role in outpacing the rate of change, maximizing business value, and minimizing risks.