Description: In a move to slash e-waste – and perhaps help Apple customers with cleaning out their junk drawers – the European Union (EU) is seeking to regulate a single industry-wide charger for all smart phones. This poses a problem for Apple with its current Lightning charging ports versus the standard USB-C used by most other manufacturers. For about the last ten years, the EU has been trying to use moral suasion to influence the industry in this direction, but it has apparently reached the conclusion that legislation is now necessary to accomplish its goal.
Date: September 23, 2021
1) How many charger do you own for your electronic gear?
2) If this move goes ahead, do you think Canada should follow with similar legislation`?
3) In Chapter 6 of Wiley’s Financial Accounting: Tools for Business Decision Making we learn about costing inventory. If a retailer had an over-supply of suddenly “outlawed” chargers, how could this affect the valuation of inventory?