Trade Risks
• Buyers in the US are afraid of the risks of working with suppliers that use pirated software. They are afraid of the legal and reputational risks of using a supplier that violates the law by using pirated software.
• Law officials in the U.S. are now taking action against importers to the U.S. that have used pirated software in their production process.
• If caught using pirated software, imports could be banned and importers could face fines and even law suits in US courts. This is impacting manufacturers in all export markets, including China, India, Brazil and Thailand among others.
• There simply is no longer a place for pirated software in the modern global supply chain.
• Just like stakeholders are focused on fair labor, environmental standards, social responsibility – they are also now focused on abiding by software IP laws.
• Manufacturers can benefit by showing their suppliers that they have clean IT and software practices.