EU Project SCRREEN Publishes Report on The Potential Impact of Critical Raw Materials on Business Continuity
Posted on 25/06/2019
So what are Critical Raw Materials? (CRMs)
Raw materials are crucial to Europe’s economy and essential to maintaining and improving our quality of life. Securing reliable and unhindered access to certain raw materials is a growing concern within the EU and across the globe. To address this challenge, the European Commission has created a list of Critical Raw Materials (CRMs). CRMs combine a high economic importance to the EU with a high risk associated with their supply. Examples of CRMs include rare earth elements, cobalt and niobium.
Extract from report
The Potential Impact of Critical Raw Materials on Business Continuity and Options to Minimise Risks: Latest Findings from Stakeholder Engagement Activities.
In this report we share a summary of the perceived potential impact on business continuity as a result of CRM supply chain disruption, based on the feedback collected through a series of stakeholder engagement activities. We also share feedback on strategies being employed by business to manage these risks. A range of different stakeholders have been consulted (including global businesses, SMEs and academics) to provide a broad viewpoint.