Its Not Just Shoes—the Worlds Most Counterfeited Products

General News

Summary

Counterfeiting is everywhere → Download the report This is a very expensive endeavor, and with social media dominating today’s culture, owning brand name clothing has more impact on people’s impressions than ever. And the most popular brands to counterfeit are the top outdoors clothing store, The North Face, Levi’s, and Ralph Lauren’s signature polo shirts. Tamiflu, a prescription medicine that is used to treat the flu, is one of the most counterfeited drugs in the world, and the fakes are estimated to kill at least 1 million people a year. Additionally, counterfeits like fake medical instruments can provide people with false readings, and it is not uncommon for faux cosmetics to contain cyanide, lead or mercury. Additionally, the facilities that are making these knockoffs, 88% of which are in China, do not meet the safety regulations or comply with the worker’s rights that are enforced in the US and other countries throughout the world.

Classifications

industries
Retail
applications
ERP & Process Management

AskAI Classifications

Labels
Brand Protection Software Serialization Software Supply Chain Management Software

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Covectra
$1M to $5M