How Anti-Counterfeiting can Help Small and Large Brands?
Counterfeiting is among the most serious
and fastest growing financial crimes these days, as per the reports of the
Counterfeiting Intelligence Bureau of International Chamber of Commerce. Counterfeiting
once became a huge network of organized crime, which accounted to over 5% to 7%
of world trade, with over $600 billion per year. Until recently, the grey and
black market economies didn’t cause a huge threat to the owners of the brand. The
black market operates out of the government sanctioned channels illegally on
the selling and buying of services and goods, and commodities are distributed
legally in the grey market. But unauthorized channels by the original
manufacturers are known for diversion.
Customers who constantly shop in any of
these markets can now browse the web for such products and it poses a deeper
threat to the recognition of your brand and its integrity and it can impact the
smaller and biggest brand in the world. With the significant rise of the web as
well as global brands, there is a huge threat for the brand owners from
counterfeiters and pirates who are trying to make profits by producing
lookalikes and selling them at very cheap prices. Brand owners have to take a
closer insight to their supply markets and control the authenticity of products
all the time.
Hence, it is important for the brand
owners to implement Anti-counterfeiting technologies and Solutions to
their organization. This way, pressure sensitive technology allows intricate
patterns and designs as well as complex die-cuts to create labels that emerge
from the shelf. There are huge ranges of materials that can be the metaphor for
the products when it comes to combine with specific printing techniques. There
is huge threat to the security of brand which is growing rapidly and it is a
huge need to differentiate the fake items from genuine ones and more advanced
technologies are recommended.
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