parallel importing

noun

1. the importing of certain goods, esp pharmaceutical drugs, by dealers who undersell local manufacturers

Example Sentences

Many goods of top brands that pulled out of Russia remain available, with parallel importing mechanisms having been consolidated and expanded in the past year, demonstrating the difficulty companies have in controlling supply chains when exiting a market.

From Reuters

"The parallel importing mechanisms have been consolidated and expanded, meaning that pretty much everything is accessible and still will be in the future," Ben Tzion said, pointing to border truck queues and new entities springing up in nearby states.

From Reuters

Through a practice sometimes known as parallel importing, gray market sellers tend to take advantage of the varying pricing strategies and taxation requirements for luxury products across different regions in order to get certain hot products to those who want them for less.

From Seattle Times

“The Australian dollar has now risen over parity and it’s likely to stay there for some time, and what that has done is it has really opened up the opportunity for parallel importing,” Elliot said during an interview with the Australian Broadcasting Corp’s “Inside Business” program.

From BusinessWeek

Another tactic: parallel importing, or buying in a country where the needed drugs are cheaper, circumventing artificially high prices set by the patent holders for some areas.

From Time Magazine Archive