Scott Forstall is Apple’s ‘CEO-in-waiting’ says new book http://t.co/zacW2yBI via @FortuneMagazine
Includes Austin–Samsung Group plans record $41 billion investment in 2012 http://t.co/i9Y31BD8
Samsung seeks to merge smartphone operating platforms http://t.co/Ssr0trrz
Microblogging use in China quadrupled in 2011: think tank http://t.co/2Iy9U3RN
Wikipedia to shut for 24 hours to stop anti-piracy act http://t.co/v5lBMmkf
Apple reveals supply chain, details conditions
SAN FRANCISCO (Reuters) – Apple revealed its closely guarded list of global suppliers for the first time and vowed to deal with worker abuses, hoping to deflect criticism it was turning a blind eye to cases of poor working conditions in a mostly Asian supply chain.
The dramatic and unprecedented step — unveiling the names of 156 companies that represent 97 percent of the company’s supply chain — was an unusual move in an industry that relies heavily on foreign component suppliers to drive margins.
It is rarer still for a notoriously secretive company, underscoring speculation that new Chief Executive Tim Cook has ushered in an era of greater transparency. Predecessor Steve Jobs, who died in October, kept an iron grip on the internal workings of the company he founded and turned into the world’s largest technology company.
The tell-all on Friday surprised many in the industry and on Wall Street. Experts say rivals and investors pay consultants for exactly this type of valuable intelligence.
Apple’s list is the culmination of internal probes into its supply chain, spanning hundreds of audits over years and high-profile firms from Foxconn or Hon Hai Precision Industry Co Ltd to Samsung. Foxconn in particular has dragged Apple into headlines after a spate of worker suicides raised questions about conditions at its Chinese plants.
Apple said it found six active and 13 historical cases of underage labour at some component suppliers, but none at its final-assembly partners.
“With every year, we expand our program, we go deeper in our supply chain, we make it harder to comply,” Cook told Reuters in an interview. “All of this means that workers will be treated better and better with each passing year. It’s not something we feel like we have done what we can do, much remains to be done.”
The story with my interview with $AAPL CEO Tim Cook .http://reut.rs/ym64th
Apple audit shows some suppliers used child labor
SAN FRANCISCO (Reuters) – Apple revealed its once closely guarded list of global suppliers on Friday, taking a dramatic and unprecedented step in response to harsh criticism that it was turning a blind eye to dismal working conditions at partner factories.
The move, unusual in an industry that relies heavily on foreign component suppliers to drive margins but rarer still for an infamously secretive company, underscored some speculation that new Chief Executive Tim Cook has ushered in an era of greater transparency. Predecessor Steve Jobs, who died in October, kept an iron grip on the internal workings of the company he founded and made great.
“With every year, we expand our program, we go deeper in our supply chain, we make it harder to comply,” Cook told Reuters in an interview. “All of this means that workers will be treated better and better with each passing year. It’s not something we feel like we have done what we can do, much remains to be done.”
Apple said it conducted 229 audits last year, representing an 80 percent increase over 2010. From 2007-2010 the company only conducted 288 total audits. The company said it looked at all levels of its supply chain, including final assembly and component suppliers.
The audit found a number of violations, among them breaches in pay, benefits and environmental practices in plants in China, which figured prominently throughout the 500-page report Apple issued. Other violations found in the audit included dumping wastewater onto a neighboring farm, using machines without safeguards, testing workers for pregnancy and falsifying pay records.
The report titled “Supplier responsibility progress report” also said it asked suppliers to repay workers after it found 67 facilities had docked worker pay as a disciplinary measure.
“I would like to make a significant improvement in the overtime area. I would like to totally eliminate every case of underage employment,” said Cook. “We have done that in all of our final assembly. As we go deeper into the supply chain, we found that age verification system isn’t sophisticated enough. This is something we feel very strongly about and we want to eliminate totally.”


