The global economic weakness and persistent inflation are leading consumers and business customers to deliberately replace originals. To compensate for their current income losses and sales slumps, consumers and businesses are deliberately replacing high-priced originals with cheap copies from China. By replacing, they can significantly reduce their purchasing costs in the difficult economic situation –… Continue reading Crises Fuel Counterfeiting
Tag: supply chain
Regionalization: Avoiding Loss of Control
Many international companies are currently considering regionalizing their production and upstream supply chains for specific markets to a greater extent and making their subsidiaries in different world regions more independent of each other. The goal is to secure supply chains by deepening regional value creation and to better meet regional customer needs through regionally manufactured… Continue reading Regionalization: Avoiding Loss of Control
The German Supply Chain Act Requires in China Compliance
The new German Supply Chain Act (LkSG) brings far-reaching new due diligence requirements for managers. They must strive to avoid risks related to the violation of human rights and the environment and to manage the company responsibly across borders. The law, which will apply from 2023, initially only affects German companies with more than 3,000… Continue reading The German Supply Chain Act Requires in China Compliance
China’s National Security Law: Restrictions on Data and Technology
The National Security Law (NSL), which came into force in June 2020, has implications for Hong Kong-based businesses in terms of technology and data. For example, Internet service providers must now grant the authorities access to user data and review their cross-border data flows. Technology companies must restructure their business activities if Western export bans… Continue reading China’s National Security Law: Restrictions on Data and Technology
Impact Covid-19: Law, Measures, Strategies in China-Business
Covid-19 will change the business of many European companies in and with China. Established industry structures will be shaken, supply chains will be decoupled, and demand and employment will decline. Preferences of market participants are shifting and the digital space is gaining in importance. The Chinese state will intervene even more strongly in the economy… Continue reading Impact Covid-19: Law, Measures, Strategies in China-Business
Covid-19: Protect Supply Chains Now against Counterfeiting
The pandemic not only leads to global markets being flooded with counterfeit medical products. Because suppliers fail, counterfeit brands and products are also penetrating the supply chains of original manufacturers in other segments and replacing the missing original products. It is now important for brand owners to monitor and protect their supply chains. Counterfeiters often… Continue reading Covid-19: Protect Supply Chains Now against Counterfeiting
Blockchain is Revolutionizing Everything – Including the IP World
The European Commission is sounding out the potential of the blockchain technology in order to fight against infringements on intellectual property in supply chains. The blockchain technology, e.g. through the application of smart contracts, gives better insights into supply chains. By monitoring supply chains via blockchain, every physical product can be clearly identified, its origin,… Continue reading Blockchain is Revolutionizing Everything – Including the IP World
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