Germany’s Supply Chain Act was tightened up at the beginning of the year, and the additional dose of bureaucracy is not going down well with companies that are already struggling.
[…] “It has a very good intention, but it’s been implemented disastrously,” Holger Goerg, director of International Trade and Investment at Kiel Institute said. “Instead of thinking how companies can also use that for marketing purposes, the focus was on bureaucracy.”
For the now 5,200 affected companies, this additional layer of red tape is hitting hard, especially amid existing economic challenges such as low global demand and the aftermath of the energy crisis. […]
Read the full article on the Bloomberg website: https://www.bloomberg.com/news/newsletters/2024-01-18/supply-chain-latest-germany-s-supply-chain-rules
