Consumer Reports looks at the true cost of counterfeit goods.

Here is the link to the full article:  http://www.consumerreports.org/cro/news/2015/08/the-true-cost-of-fake-goods/index.htm

 

The true cost of fake goods

Counterfeits don’t just knockoff watches and handbags. They also threaten your safety

Counterfeiters aren’t scrappy entrepreneurs. They’re criminals whose nefarious deeds—selling everything from phony airbags and brake pads to Beats headphones and Botox—bankroll illicit activities. Besides ripping off American companies for hundreds of billions of dollars in intellectual property, fakes are often made with cheap, substandard, and dangerous components.

Where counterfeits come from

Counterfeiting is a global crime. While China has long been the major source of fakes, there are other offenders. On the plus side, China, Vietnam, other exporting countries with a burgeoning economy are doing more to bring fraudsters to justice, experts say, if for no reason other than to improve their image in the international business community. But there’s still a long way to go. The list below is based on the retail value of counterfeit goods seized had they been the genuine article.

Country

Percent of total counterfeits

China 63%
Hong Kong 25
Canada Less than 1
India Less than 1
United Arab Emirates Less than 1
Taiwan Less than 1
Singapore Less than 1
Korea Less than 1
Kenya Less than 1

* Source: US Department of Homeland Security/Customs and Border Protection.

The integration of both iTRACE 2DMI® with TME® creates a full suite of security and visibility applications for today’s supply chain that are easy to deploy and manage. PRESS RELEASE UPDATED: DEC 1, 2021 07:29 PST MASS Group and iTrace partnership LAS VEGAS, December 1, 2021 (Newswire.com) – Manufacturing Automation & Software Systems, Inc. dba […]

CCL Design is pleased to announce a partnership with iTRACE Technologies, Inc., a leading provider of supply chain security applications for anti-grey and anti-counterfeit markets, which will deliver 2DMI® highly secure smartphone authentication capability to its customers. REDWOOD CITY, CALIF. (PRWEB) MAY 04, 2021 CCL Design has over 20 years experience of developing multi-layered brand protection […]

Reproduced from the original article on pharmatech.com https://www.pharmtech.com/view/package-authentication-depends-on-multi-level-tactics April 18, 2021 Hallie Forcinio Drug product security requires anti-counterfeiting techniques such as authentication throughout the supply chain. On the Internet, dual-level authentication delivers more secure transactions. A similar multi-level strategy is needed to ensure the pharmaceutical product being dispensed to the consumer is the same one […]

Original article posted on Silicon Angle https://siliconangle.com/2020/08/13/honeywell-partners-itrace-embrace-blockchain-printed-labels-supply-chain-management/ UPDATED 12:11 EDT / AUGUST 13 2020 BLOCKCHAIN Honeywell partners with iTRACE to embrace blockchain printed labels for supply chain management BY KYT DOTSON Multinational technology conglomerate Honeywell International Inc. today announced that it has partnered with iTRACE Technologies Inc. to build a blockchain distributed ledger platform that will help with complex supply chain […]