A serious global problem
From being a minor annoyance to a gigantic, serious global problem
IP theft, counterfeiting and copyright infringement is a global issue that jeopardizes many industries. No continent or industry is free from these problems. The goal of the perps is profit and nothing is sacred.
More than 1.2 Trillion!
The volume of counterfeit goods sold in the world is estimated at over 1,2 Trillion dollars per year
Up to 25% sales loss
Infringement impacts a brand's bottom line, with nearly 1 in 3 brands reporting a loss of up to 25 percent in sales.
Between 2003 and 2014, we have seen a 586% increase in reports of counterfeited goods.
The Importance of Brand Protection
From 2003 to 2014, there has been a 586% increase in reports of fake/counterfeit goods. This trend has also resulted in a massive increase in the number of product seizures. In 2001, there were less than 4,000 seizures, by 2010 this figure had reached 22,000, an increase of over 450%.
A global problem!
Fake or replicated products are a global issue that jeopardizes many industries. No continent or industry is free from these issues. Counterfeiters goal is profit and nothing is sacred. Fake baby milk, wooden toys, smartphones, prescription medicines, clothes, shoes, bags and even chips and chocolate bars have been found all around the globe. Every business needs to be aware of the problems of counterfeiting. Figures from 2013 give an indication of the scale of the problem and the range of products being counterfeited.
More than $1 Trillion USD!
According to the latest edition of “Transnational Crime and the Developing World”, recently released by Global Financial Integrity (GFI), the global trade value of counterfeit and pirated goods is estimated to generate between US$923 billion and $1.13 trillion annually. Imports of counterfeit and pirated goods are worth nearly half a trillion dollars a year, or around 2.5% of global imports, with US, Italian and French brands the hardest hit. Many of the proceeds of counterfeiting go to organized crime, according to a 2016 report by the OECD and the EU’s Intellectual Property Office.