Locking Out The Pirates
Bloomberg Businessweek|August 17 - 24, 2020
The maker of TSA-approved locks says trust-but-verify is the key to fighting counterfeiters
Kari Soo Lindberg
Locking Out The Pirates

Tim Meade had known the owners of the Chinese suitcase manufacturer for years, well enough to have spent many late nights sharing shots of high-octane Moutai liquor and swapping stories of family, friends, and vacations. So it was tough when Meade, general manager of Travel Sentry SA—which licenses locks that can be opened by airport security officials— discovered that the luggage maker had been underreporting the number of bags it had produced with the locks, effectively stealing the technology. It was even tougher three months later when he discovered the company cheating a second time—a total of 4 million unlicensed locks.

On a cold January day in 2019, Meade marched into the factory 300 miles west of Shanghai, took the owners into a conference room, and showed them his evidence: locks from the factory with unauthorized copies of Travel Sentry’s logo, a red diamond. Meade didn’t like the idea of losing his fifth-largest client, with sales of almost 4 million licenses a year. But he couldn’t let his now- former friends get away with pirating millions more, so he canceled the contract and blacklisted the company. “We call it killing the chicken to scare the monkey,” says Meade, a 55-year-old American based in Hong Kong. “We have manufacturers who tell us, ‘We know you guys are serious about licensing removal. We’ve seen what you’ve done to others.’ ”

This story is from the August 17 - 24, 2020 edition of Bloomberg Businessweek.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the August 17 - 24, 2020 edition of Bloomberg Businessweek.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BLOOMBERG BUSINESSWEEKView All
Instagram's Founders Say It's Time for a New Social App
Bloomberg Businessweek US

Instagram's Founders Say It's Time for a New Social App

The rise of AI and the fall of Twitter could create opportunities for upstarts

time-read
4 mins  |
March 13, 2023
Running in Circles
Bloomberg Businessweek US

Running in Circles

A subscription running shoe program aims to fight footwear waste

time-read
3 mins  |
March 20 - 27, 2023
What I Learned Working at a Hawaiien Mega-Resort
Bloomberg Businessweek US

What I Learned Working at a Hawaiien Mega-Resort

Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.

time-read
10 mins  |
March 20 - 27, 2023
How Noma Will Blossom In Kyoto
Bloomberg Businessweek US

How Noma Will Blossom In Kyoto

The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking

time-read
3 mins  |
March 20 - 27, 2023
The Last-Mover Problem
Bloomberg Businessweek US

The Last-Mover Problem

A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps

time-read
10+ mins  |
March 20 - 27, 2023
Tick Tock, TikTok
Bloomberg Businessweek US

Tick Tock, TikTok

The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban

time-read
10+ mins  |
March 20 - 27, 2023
Cleaner Clothing Dye, Made From Bacteria
Bloomberg Businessweek US

Cleaner Clothing Dye, Made From Bacteria

A UK company produces colors with less water than conventional methods and no toxic chemicals

time-read
3 mins  |
March 20 - 27, 2023
Pumping Heat in Hamburg
Bloomberg Businessweek US

Pumping Heat in Hamburg

The German port city plans to store hot water underground and bring it up to heat homes in the winter

time-read
3 mins  |
March 20 - 27, 2023
Sustainability: Calamari's Climate Edge
Bloomberg Businessweek US

Sustainability: Calamari's Climate Edge

Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment

time-read
4 mins  |
March 20 - 27, 2023
New Money, New Problems
Bloomberg Businessweek US

New Money, New Problems

In Naples, an influx of wealthy is displacing out-of-towners lower-income workers

time-read
4 mins  |
March 20 - 27, 2023