Massive $3 trillion counterfeits, IP theft up 22%, says Gieschen Consultancy April report
26 May '05
6 min read
and businesses. unfortunately, april was the second month since december where the value of fake items has neared the trillion dollar mark. based on the types of bogus items seized, it is clear the manufacturing operations have not been affected by past raids and are increasing their capacity to meet a growing demand. specifically, phony copyright and trademarked products are expanding through innovative marketing and distribution channels such as internet retain
and auctions, mail order, and spam operations. detecting the manufacturing locations further challenges intellectual property enforcement personnel as items are outsourced and assembled in multiple locations.
the profession of counterfeiting, once dominated by experienced and skilled tradesmen using sophisticated techniques and expensive equipment has changed rapidly in the past 20 years. it is now a hobby and novelty to some, a method to supplement income, and increasingly a career to a growing number of young people. the simplicity and status of producing, selling and purchasing counterfeits without significant consequences or stigmas makes it attractive. the youngest age group appears to effect the most financial damage to society
through the duplication of financial instruments (average age 29), entertainment and software (31), other documents (32), identification (37), clothing and accessories (40). in addition, the very young (12 and 14 years of age) were attracted to counterfeit currency chasing counterfeits without significant consequences or stigmas makes it attractive. the youngest age group appears to effect the most financial damage to society
marketing@alchempro.com
