Here are two pieces of news that I’d like to share with you this week.
First – Is this the end of fakes on Amazon? Amazon is stepping up their attack against counterfeit products. In an invite-only program called Amazon Project Zero, they are leveraging machine learning to automate the process of weeding out counterfeit products for sale on their platform.
Sounds promising but how well it actually works is anyone’s guess. Checkout the details and if you’re interested you can sign up for their waitlist here – Amazon Project Zero.
Secondly policies in China continue to change at breakneck speeds.
In recent memory, Environmental regulation laws shut down thousands of factories with little warning.
Now, even the official holiday schedule has changed. According to Baidu News, the 2019 Labor Day holiday was originally stated to be only 1 day long on May 1st but now has been extended to four days from May 1-4.
Takeaway – This may affect your factory production schedules so be forewarned!
Why the change? In most countries, holiday schedules are usually set in stone but in China things are a lot more fluid.
Why the change? In my opinion with a weakening economy it makes sense to incentivize consumer spending to try to stimulate the economy. While one day is too short for taking a trip, 4 days should be enough to make a holiday out of it along with travel, hotel, shopping, and some wining and dining.
In any case things continue to move fast and furiously in China.
How about in your country. Obviously in the US things are changing with the Trump tariffs. But do you have an example of policies changing quickly in your country with little warning?
Hit reply and let me know.