We want your view on the tip, and bottom, of the counterfeit iceberg

By January 10, 2018Blog

DataTraceID is surveying industry opinion for the annual 2018 Counterfeit Counsel Report.

According to some estimates, over $1.5 trillion of counterfeit goods were traded in 2017.1 There are some outstanding figures around global counterfeiting, to name but a few:

  • There has been a nine-fold increase in counterfeit medicines globally in the last four years.2
  • There are more than 340 million fake online pharmacy web addresses touting for consumer business.3
  • INTERPOL’s latest Opsen V global operation across 57 countries reported the seizure of 11,131.18 tonnes, 1,449,056.40 litres and 5,549,328 units of either counterfeit or substandard food and beverages.4
  • Counterfeit car parts cost the global automotive industry around $45 billion each year.5
  • China is home to a $285 billion counterfeiting industry, representing 12.5% of the country’s total exports.6

Do these figures ring true for your own experience?
Have your say in the annual Counterfeit Counsel Report, and receive your complimentary copy.

References:

  1. https://www.lexology.com/library/detail.aspx?g=b2d199d5-b468-45fe-8d63-15f2d9b0b190
  2. Alexandra Ossola, “The fake drug industry is exploding and we can’t do anything about it,” Newsweek, September 25, 2015 newsweek.com and “Therapeutic Categories,” www.psi-inc.org
  3. Kirill Levchenk, et al., “Click Trajectories: End-to-End Analysis of the Spam Value Chain,” Proceedings of the 2011 IEEE Symposium on Security and Privacy, 431-446, cseweb.ucsd.edu
  4. https://www.interpol.int/News-and-media/News/2016/N2016-139
  5. http://www.manufacturingglobal.com/technology/nissan-and-markmonitor-remove-thousands-counterfeit-auto-parts-global-marketplace
  6. http://www.forbes.com/sites/ywang/2017/03/10/is-alibaba-doing-enough-to-fight-fakes/