I believe counterfeiting is definitely on the rise. Infact Counterfeiting is being considered the world's fastest growing industry and it represents up to 10 percent of global trade.
Incidents of counterfeiting may be rising because the global market is increasingly connected nowadays. There are simply that many more markets for fake products. It is also possible, though, that we may have the technology to detect counterfeits and therefore increase the total count of fake products.
Whether rising or falling, counterfeiting is still a dangerous development because these are often not simply copied products but fakes with no functionality similar to the original. This is a danger to consumers and companies.
It is also possible, though, that we may have the technology to detect counterfeits and therefore increase the total count of fake products.
@Bolaji, how difficult or easy is it to identify the counterfiets because I am sure technology is also helping the people who are doing counterfiet to exactly mimic the original.
@anandvy, I understand the point you're making. It is a mammoth task.However, either way, something has got to be done to curb the rise in counterfeit products. I think technology will aid detection of these fake products quicker as opposed to conventional method. What's your thought?
@Anna I suppose it can cut both ways. Counterfeiters can use technology to make their parts look more like the real thing, and technology may be used as a check. It's rather like the cat-and-mouse game played by the mint to try to stop counterfeiting. As digital technology enables more realistic fake bills, the government mandates additions to the design to make it a bit more challenging to copy.
The problem anti-counterfeiting regulators and enterprises have is that they have to consistently stay ahead of counterfeiters, who know they only have to succeed once after numerous tries. Anti-counterfeiters have to succeed 100 percent of the time, which drives up total cost. Who's winning currently in your opinion?
@Bolaji Can we even know for sure who is winning? Isn't it possible that some counterfeiters are so good at imitation that the buyers never find out they've been hoodwinked?
Maybe that's why the industry is screaming out so loudly about counterfeiting because original manufacturers are losing sales to counterfeiters. Of course, the counterfeiters are also not telling us how they are hurting and they certainly are because of the floodlight manufacturers have turned on.
@Bolaji rather hard for the counterfeiters to summon up sympathy. It's rather like that joke about the man who kills his parents and then asks the court to have mercy on him because he's an orphan.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Archived Dialogues
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.
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