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Meeting manufacturing regulatory and ESG compliance
Meeting manufacturing regulatory and ESG compliance
- Rethinking Resilience supply chain podcast
- By Resilinc
- May 24, 2024
In this episode of the Rethinking Resilience supply chain podcast, Lennox’s Rich Flinchbaugh and Resilinc’s Rick Freeman discuss ESG and product compliance requirements in the manufacturing industry.
Numerous regulatory and product compliance factors, and environmental initiatives continue to drive change in manufacturing. Efforts such as the Reshoring Initiative, Inflation Reduction Act, EU Renovation Wave program, the Infrastructure Investment and Jobs Act (IIJA) and others all contribute to foreseeable impact on global manufacturing. In the HVAC industry, the U.S. Environmental Protection Agency requires all HVAC manufacturers to switch to a refrigerant with a GWP of 700 or less by January 2025. This episode addresses how such market changes impact parts qualification timelines, supplier diversity, the shift to dual sourcing, and both regulatory and ESG compliance in manufacturing.
1:21 | Regulatory impacts to supply chain strategies
4:54 | Regulatory compliance pain points
6:17 | Alternatives to PFAS
8:21 | Managing increasing ESG requirements
10:27 | Dual qualifying and sourcing in HVAC
12:38 | How does risk influence company decision-making?
15:04 | How risk scoring and sub-tier mapping support supply chain resiliency
Speakers
Rich Flinchbaugh
Director of Sourcing, Finance and Risk Lennox International
Rich Flinchbaugh is the Director of Supply Chain Risk and Analytics at Lennox International, Inc. Rich has over 30 years of experience in Sourcing at various companies, including GE, Motorola, Freescale and Lockheed Martin and in various industries, including aerospace, power production, oil and gas, semiconductors, and HVAC.
Rick Freeman
Director of Advisory Services and Customer Success, Resilinc
Rick has been in the semiconductor manufacturing sector for over 16 years with companies such as Intel and Micron. During his time at Micron, Rick led numerous digital transformation projects. For the last 7 years he has been developing a best-in-class Sourcing Risk and Compliance function. At Micron he worked on the business side of deployment and expansion of key sourcing tools including Ariba, Resilinc, Rapid Ratings, Exiger, and more.
About the podcast
Each quarter, Resilinc’s Rethinking Resilience: supply chain podcast features global practitioners and leaders to discuss industry developments driving the need for greater global supply chain resiliency and agility, and transparent supply and demand continuity. Listen in as our speakers define what supply chain resiliency means to them and their organizations. Hear them tackle challenging ‘sticky’ topics required for holistic supply chain growth and innovation. Gain insights, best practices, learnings and tactics today’s supply chain visionaries use to address the current and future state of global supply chain and drive their organizational success.
- Production and manufacturing
- Workforce and skilled talent
- Regulatory governance/policy compliance
- Sustainability/ESG initiatives
- Cost/ROI of resilience
- Buyer-supplier relationships
- Sourcing and procurement
