Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Counterfeiting: A $1.8 Trillion Issue - Ink World Magazine

What are you searching for?

Sign in
Blog

Counterfeiting: A $1.8 Trillion Issue

Online pharmaceutical sector thought to be worst affected, with counterfeits at a third of the entire market.

Author Image

By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Counterfeiting is a huge concern for consumers, and the problem is getting worse. It’s one thing to buy a fake designer handbag or pen, but another issue altogether when it comes to pharmaceuticals.   “Counting the Cost of Counterfeiting,” a report by NetNames, an online brand protection company, puts the global cost of counterfeiting at $1.8 trillion. That would be approximately 2% of global economic output. NetNames reports that the sale of online counterfeit products rose 15.6% globally in ...

Become an Industry Insider and get FREE 24/7 access to this story and all of Ink World magazine.

Already a subscriber? Sign in

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters

Topics