At first blush, the various global "green" initiatives that will regulate how manufacturers must build and dispose of their products seem comparable to the corporate and IT mayhem caused by the Year 2000 bug and the Sarbanes-Oxley Act.
Existing restrictions on hazardous substances and waste from electrical and electronic equipment alone will force companies in the high-technology sector in particular to spend collectively between $10 billion and $20 billion. And like Y2K or Sarbanes-Oxley, the costs of noncompliance may involve criminal allegations, jail time and large monetary fines.
A single component or process that jeopardizes compliance will negatively impact every company that helped bring that product to market. That's in addition to sales bans, product recalls and potentially damaged brand reputations resulting in millions of dollars in lost sales and lost market share.
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