Crime has no moral code. If you have a high-demand product, people will likely counterfeit it. Itcomes as no surprise that during this time of pandemic, counterfeiters are targeting everythingfrom hand sanitizer to COVID-19 test kits. I recently blogged about this situation here.
I have written and spoken about global counterfeiting issues many times. Pretty much in every single one, I’ve said something like “if you have a successful product, it will be counterfeited.” Illicit counterfeit rings have infiltrated pharmaceuticals, consumer goods, cosmetics, fragrances, automobile parts, aircraft parts, clothing, footwear, wine, spirits and more. The riches and rewards from producing and distributing counterfeit products in most cases far outweigh the penalties of...
The fight against counterfeiting and diversion is at a crossroad. Never has there been such a loss of revenue due to these global supply chain threats and it’s only getting worse. Companies are spending over $105 billion annually to combat these issues, yet this “gray market” of products is projected to surpass $2.8 trillion globally by 2022… That’s a 100% increase over ten years!
Virtually all brands—from the utmost recognized to the newly eager—face threats of product counterfeiting and gray market trading. In emerging countries, this menace is bold and audacious with outright fakes appearing in the open marketplace. In developed countries, the problem is equally insidious due to online sales of counterfeit products through e-commerce platforms.
In this Packaging Europe clip from AIPIA World Congress, Systech’s Alastair Taylor talks about the value of active intelligent packaging for a truly secure supply chain. We propose our brand protection suite is actually the perfect anti-counterfeiting solution. See why.
I recently participated in a national campaign to warn consumers about the prevalence of counterfeit products—they are virtually everywhere. And more importantly, to let people know that there isn’t one failsafe method at this time to guarantee the authenticity of the products you purchase.
It was long held that revenue stamps (also known as tax stamps) with a sophisticated appearance containing overt features such as holograms provided a strong security solution. It is now clear, however, that counterfeiters are fully capable of duplicating even the most artful designs and therefore no stamp based on overt visual features alone is immune to successful duplication. A transformation is under way…
I recently attended PACK EXPO 2019 in Las Vegas, and boy… what a remarkable experience it was for me! It was my first PACK EXPO event—and for that matter my first packaging technology show—and it was quite an eye opener. I am relatively new to the space having worked at Systech for little over a year now. I must say that it seemed there was something for everyone at this show… from plant-based packing, to AI solutions, to fully automated packing solutions. I was most amazed by some of the...
What do you see in this blog image — an old woman looking downward or a young girl looking away in the distance? As you continue to look at the figure, a stunning transformation will take place. You will eventually see both images, and your mind will begin flipping between one and the other as long as you look at the picture. This is a well-known example of an ambiguous stimulus that first appeared in a German postcard in 1888.
Did you know that 80 percent of the world’s counterfeit goods come from China? Everything including luxury goods, cosmetics, wine and spirits, medicine and more are vulnerable to duplication and sometimes the fakes are so similar that it can be hard to determine the real from the phony. With that being said, brand owners across the globe view China’s counterfeiting business as a threat to their own.