“A nail in the coffin for small and medium-sized businesses”

by time news

2023-06-02 22:04:46

NAfter the EU Parliament voted for a European supply chain law, opinions on the corporate landscape are very divided. A number of positive voices come from the textile industry in particular, where working conditions in poorer supplier countries are often criticized. “If you enshrine decency and justice in law, that’s certainly correct,” said Trigema owner Wolfgang Grupp of the FAZ. “If the competition exploits their employees, that would be an unfair competitive advantage.” However, there would be a lot of bureaucracy, adds his son Wolfgang Grupp junior listening to the call. “There shouldn’t be any pointless bureaucracy for someone who produces everything in Germany,” adds Grupp senior immediately.

Sven Astheimer

Responsible editor for corporate reporting.

It’s an assessment that you hear again and again when you ask around: Most entrepreneurs think the request is correct. But they fear significantly higher costs and competitive disadvantages, and complain about the bureaucracy. And they doubt whether the law will actually achieve its goals.

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