end-consumer

That was echoed by the EU in October 2021 which said that one condition for reducing checks and paperwork was for goods to be labelled "at the level of the individual end-consumer packaging, with words such as 'products for sale only in the United Kingdom'".

But Scholz said on Sunday the government would raise income from windfall taxes on electricity companies to lower end-consumer prices for gas, oil and coal.

The subsidy would be built in as the difference between the cost the government will pay the concession owners for the water and the amount the end-consumer pays.

“Collectively, we have to deliver our products more sustainably with the ethical end-consumer in mind,” he said.

To adapt, the Swiss industry should worry less about smart tech, and more about the end-consumer, he says.