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| home > pmps > spring 2003 > inkjet digital printing offers additional solutions in the battle against anticounterfeiting |
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Pharmaceutical Manufacturing and Packing Sourcer
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The Anti-Counterfeiting Group (ACG) defines counterfeiting as:
the deliberate attempt to deceive consumers by copying and marketing goods bearing well-known trade marks generally, together with packaging and product configuration, so that they look like they are made by a reputable manufacturer when they are, in fact, inferior copies.
The global counterfeiting market is immense and fast growing with losses to government, business, and citizens estimated at eight per cent of world trade according to the Counterfeiting Intelligence Bureau. At a recent ACG conference, the costs of counterfeiting to the UK were estimated at a staggering £9 billion and 4,100 job losses per annum. In 2001, this illicit industry cost the Exchequer over a billion pounds in taxes. The statistics are shocking and losses in the future are set to increase due to sophisticated replication technologies making counterfeiting a constant threat.
More far-reaching but less easily-defined losses are also possible through the stifling of innovation due to a disinclination to invest millions of pounds in product development only to have the products immediately counterfeited. Despite the growing range of security solutions currently in existence, losses as a result of counterfeiting are still growing faster than the total security solutions and security technologies market - about 15 per cent per annum.
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