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New Supply-Chain Rules Are Strangling German Companies With Red Tape

By January 18, 2024March 18th, 2024In the News

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. […]

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