What does it mean?
National Bankruptcy Day
That’s what industry insiders are calling February 10, 2009…that’s the deadline we manufacturers have been given to become compliant with the new legislation recently passed by CPSC(Consumer Product Safety Commission).
The new law’s intent is honorable…to protect children from evil substances such as lead based paint and phthalates in their toys and clothing. But the broad generalizations contained within the legislation, as well as the significant costs  and logistical nightmare manufacturers would have to face in order to comply, will put thousands of small manufacturers out of business in one quick, clean sweep.  Not to mention the untold amounts of inventory that will immediately be deemed “hazardous waste” and end up clogging landfills across the nation.
Several grass roots organizations are delving into the language of the law to interpret the impact it will have on their particular product. There is an uproar of outrageous proportions within the children’s industry right now. And, people, there WILL BE CHANGE. Our industry cannot survive the law as it is written, and we won’t stand by passively.
Amendments and clarifications are expected to roll in, but will they be enacted soon enough to save companies from bankruptcy?
Please, get educated and get involved. The collapse of an entire industry is at stake.
January 18th, 2009 at 8:42 am
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