Preparing for 2021: Why Compliance Budget Is Important

Preparing for 2021: Why Compliance Budget Is Important

In 2020, every company was forced to drastically change course due to COVID-19, highlighting the importance and the fragility of business plans. To weather continued turbulence, regardless of how it manifests, companies must build agility and resilience into their budgets, especially as it relates to compliance.

The coming year will see significant regulatory changes as a key component of the revised European Union (EU) Waste Framework Directive (WFD) comes into effect. By January 5, 2021, all companies doing business in or importing into the EU will be required to report articles containing substances of very high concern (SVHCs) into the Substances of Concern In articles, as such or in complex objects (Products) (SCIP) database.

Additionally, after a one-year delay due to COVID-19, the EU Medical Device Regulation (MDR) comes into effect on May 26, 2021. On top of these two new requirements, obligations surrounding the Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) Regulation and Restriction of Hazardous Substances (RoHS) Directive will be updated throughout the year.


Be prepared to meet the requirements of new and evolving regulations. Downloading our eBook, Budgeting for Compliance in 2021.


In order to navigate the changing trade landscape and meet these new requirements effectively, companies must take budgeting into account. The eBook Budgeting for Compliance in 2021 provides guidance from a cadre of global experts around what to look for in the year ahead, how to plan a compliance budget, the evolution of the compliance management role, and more. The eBook also takes a deep dive into the results of the State of Compliance 2020 report, which polled supply chain managers from around the world to gauge the landscape.

Featured experts include:

  • Michael Littenberg, partner at Ropes & Gray LLP, who examines the changing corporate social responsibility (CSR) landscape and what it means for businesses.
  • Maria Simpson, Purchasing Manager at Kaba Ilco Corp., who shares her best practices for advocating for compliance budget within an organization.
  • Tina Armstrong, Vice President & Principal Scientist at Arcadis U.S., who answers a variety of questions related to budgeting and program planning around product compliance.
  • Danny Cassidy, Vice President at Compliance & Risks, who describes the evolving role of a compliance manager as a result of digital transformation.

Every year, Assent partners with global experts to help companies make their case for compliance. Subscribe to Assent’s newsletter and be the first to know about additional chapters as they are released in coming months, bringing fresh insights and the latest trends. If you have questions about the eBook, our partners, or how Assent can help your company meet its supply chain data management needs, contact us at info@assentcompliance.com.

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