Oct. 18 (Bloomberg) — Kraft Foods Inc. would have to track as many as 100,000 suppliers for thousands of products to comply with a Dodd-Frank Act rule targeting so-called conflict minerals, according to the company’s chief securities counsel.
“We had no idea this legislation was going to be covering companies like us,” Kraft’s Irma Villarreal said today at a Securities and Exchange Commission forum on the measure’s impact. “We are worldwide. We have 40,000 products. We have promotional material for all those things.”
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