This article discusses counterfeiting as the world's fastest growing industry, representing up to 10% of global trade. Some key points:
- Counterfeiting affects nearly all economies and sectors, costing an estimated $600 billion annually.
- The top 20 counterfeiting markets are led by the US at $225 billion, with other large markets including Mexico, Japan, China, and Germany.
- Brand owners can fight counterfeiting by implementing holistic brand protection strategies, analyzing risks, using integrated security solutions, adopting new ISO standards, and engaging consumers and partners. Technology also plays an important role in protection.