We are all familiar with the many issues involved with the global trade of pirated goods. Groups such as the U.S. Chamber of Commerce and the International AntiCounterfeiting Coalition estimate global counterfeit sales to be $650 billion per year or 5%-7% of all world trade.
That being said, most of the news we see points fingers [...]
Piracy Online & Offline
Q.C. OR JAIL
The United States is sending a strong message to importers through recent legislation as well as criminal charges against importers responsible for tainted products.
This past Thursday the U.S. Senate passed legislation that will:
1. Create a database that will aggregate customer complaints related to specific products and their respective manufacturers. This database will be made free [...]
Toy Costs To Increase
Further to my February 19th posting on the toy industry, it appears that they have more to worry about than only managing product quality. According to Eric Johnson, Professor of Operations Management at Dartmouth’s Tuck School of Business, toy prices will increase anywhere from 5 to 10 percent later this year.
You are going to see [...]
New Restrictions or Standards for Trade?
There’s no question that the US congress is a bit upset about the increasing role of China in world trade and the every-growing trade surplus. With the exception of the toy industry, we’ve yet to see much direction action from congress although the topic has been heavily discussed.
Both US democratic presidential candidates have also [...]
Controlling Quality - Who is responsible?
The news this past year was filled with stories of deadly dog food and lead covered toys which caused staggering product recalls and increasing concern for the quality of the products imported from overseas. Blame was placed up and down the supply chain but it remains unclear as to who ultimately is responsible for the [...]
Basic Sourcing Tips
I am a member of LinkedIn, a social networking site, which has recently added more networking functionality such as the Answers section, where industry experts can respond to questions posed by the LinkedIn community.
I recently responded to the following question from Massimiliano Bevilacqua, Senior Consultant at IBM Global Business Services:
Importing goods from China … [...]
Trade News
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