Introduction Counterfeiting has been described as “the world’s second oldest profession.” In 2018, worldwide counterfeiting was estimated to cost the global economy between USD 1.7 trillion and USD 4.5 trillion annually1, as well as resulting in more than 70 deaths and 350,000 serious injuries annually.2 It is estimated that more than a quarter of US […]
Electronics
Business Intelligence – A Key Strategy in the Battle Against Counterfeit Goods in the Supply Chain – Part 2
As I shared in Part 1 of my article Business Intelligence – A Key Strategy in the Battle Against Counterfeit Goods in the Supply Chain, identifying counterfeit goods is the first step in the battle. But removing one batch of counterfeit goods won’t stop the next batch from appearing. In order to fight back, some […]