China’s new cybersecurity law will affect overseas businesses that operate within the country

As of June, 2017, businesses will be force by China’s New Cybersecurity Law to reveal trade secrets and technical specifics about their products to Chinese authorities. There is too great a risk of this information being passed on to or intercepted by Chinese competitors, increasing market competition and the threat of counterfeit products and software. The law will have mostly a massive impact on smaller companies who will find it extremely tough to survive in the market.

 

If your organization will be affected by these changes or is facing any type of procurement challenge, contact us (taatjene@gmail.com ) to learn about our solutions on how we help clients tackle such business challenges by closely monitoring market conditions for improved supply chain strategies.