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/