Show publisher information hVNHVZvmi$d@. Brands and retailers are polishing their supply chains as consumer demand for ethical and sustainable fashion continues to swell. A platform for protection of goods against a counterfeit. Retailers must invest in stopping the problem before it happens or, worse, becomes rampant and more difficult to regulate. Recommendation6. It can also jeopardise consumers health and safety, said OECD Public Governance Director Marcos Bonturi, launching the report with the Director of the EU Observatory on IPR infringements at the EUIPO, Paul Maier, and the EU Ambassador to the OECD Rupert Schlegelmilch. The facts and opinions expressed here do not reflect the views of. In May 2020, around 100 people died in Mexico after drinking poisonous illicit alcohol. The estimated losses due to counterfeiting of high end consumer goods amounted to 98 Billion USD which includes counterfeiting from offline as well as online mediums.According to the analysis made in the report, losses incurred by Luxury Brands because of sale of counterfeiting through internet accounted to 30.3 Billion USD.The growth in global trade and technology has positively affected many markets across the world but along with that, it has some major adverse effects as well. "Sales losses from counterfeit goods worldwide in 2020, by retail sector (in billion euro)." Chart. $y} +@i@|=] Rxfl e1012pdH5?/ y-u And just last month, the Trump administration said it plans to crack down more aggressively on imports of counterfeit products, targeting merchants, warehouses and third-party websites that are largely responsible for the widespread nature of this issue. Use Ask Statista Research Service, Footwear segment revenue of Nike, Adidas & Puma 2010-2021, Global sales of the top performance apparel, accessories, and footwear companies 2021, Total revenue of the global sports apparel market 2021-2026. The Threatening Power Of Counterfeit Goods. Analysis - Agreements on Intellectual Property Rights13.1. The illicit value chains and free trade zones make it easier for the counterfeiters to trade in fake goods without any fear of being caught.The report explicates that the problem of counterfeiting is long-standing and is growing more and more in scope and magnitude. March 25, 2020. Business Solutions including all features. Counterfeiting & Trademark Infringement in Biggest Markets15.1. The estimated losses due to counterfeiting of high end consumer goods amounted to 98 Billion USD which includes counterfeiting from offline as well as online mediums.According to the analysis made in the report, losses incurred by Luxury Brands because of sale of counterfeiting through internet accounted to 30.3 Billion USD.The growth in global trade and technology has positively affected many markets across the world but along with that, it has some major adverse effects as well. 1879 0 obj <>/Filter/FlateDecode/ID[]/Index[1858 44]/Info 1857 0 R/Length 102/Prev 1257842/Root 1859 0 R/Size 1902/Type/XRef/W[1 3 1]>>stream The insignia5.2. We pay democratically decided fair trade wages for each piece, and buy all the materials in advance, removing financial obstacles for our weavers to make a living with us. Estimated losses due to counterfeiting of Video: Do These Outrageous Celebrity Fashion Looks Hold Up? "The Global Brand Counterfeiting Report, 2018 estimates that the losses suffered due to online counterfeiting globally has amounted to 323 Billion USD in the year 2017.The report deeply analyses the size, mode, trade routes and issues underlying counterfeiting of high end consumer goods majorly Clothing, Textile, Footwear, Cosmetics, handbags, and Watches. NYFW Fall 2023 Street Style Hair Trends: Unexpected Updos, The 20 Best Slouchy Bags That Exude Laid-BackStyle, NYFW Street Style Recap: The Fashion Crowd GoesGreen, Noah Cyrus Confidently Freed the Nipple in a Showstopping Mesh Look for Milan Fashion Week, Evanna Lynch Addresses J.K. Rowling Trans Controversy, Says the Author Advocates for Most Vulnerable Members of Society. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). The Adani Group has begun discussions with global credit funds to raise up to $400 million in debt against assets of a key coal port that makes up a large portion of the conglomerates Australian exports of the solid fossil fuel from the controversial Carmichael mine, sources aware of the fund-raising told ET. 0 Here are a couple of important ways that retailers can claim back control in the fight against counterfeits: Coming Together To Curb Counterfeiting: A Key Priority In 2020. hTke5Yrw+,:&&Y):R'J$Dc#deaeAG15l*E0(SPry & Dwh3 +&. Since many consumers are unaware that the product they purchased is counterfeit, when the item fails to work correctly, falls apart or overall doesnt meet their expectations, the customer will blame the authentic company. Research and Markets. The government and business organizations are concerned because of the adverse impact of such illicit activities. Leather Articles and Handbags13. WWD: What experiences have you had firsthand with counterfeit textiles? China15.2. The amount of total counterfeiting globally reached $1.2 trillion in 2017 and is projected to reach $1.82 trillion by 2020. The OECD is working with its member countries on formal guidelines to help authorities stem the problem. Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, Ensuring brand protection and integrity in the times of Covid-19, (Disclaimer: The opinions expressed in this column are that of the writer. There is some good news: Retailers and governments are recognizing the danger of counterfeiting and are pledging action to combat it. Photo Credit: Kat Westerman. There is also a business threat of counterfeit products, as it results in a loss of revenue for the brand that is being copied. Photo courtesy of Voz. Consider knock-off makeup and skincare products. 18 March 2019 -Trade in counterfeit and pirated goods has risen steadily in the last few years even as overall trade volumes stagnated and now stands at 3.3% of global trade, according to a new report by the OECD and the EUsIntellectual Property Office. Please do not hesitate to contact me. Auction Sites14.2. Social Counterfeiting - Counterfeiting on Social Media10. Hong Kong15.5. [2] Dr. Nam D. Pham, IP Creates Jobs for America (2013). Small parcels accounted for 69% of total customs seizures by volume over 2014-2016 (57% via post and 12% via courier), up from 63% over the 2011-2013 period. Profit from the additional features of your individual account. Another alarming example of these consequences is in the electronics industry. The report has focused on those economies where the consumers have the highest buying power namely, France, Germany, Hong Kong, China, Italy, Japan, Singapore, UAE, UK, and the USA.The report focuses on greatest challenges faced by the law enforcement agencies regarding illicit trade and intellectual property crimes. E-commerce expanded rapidly as Weband the data brands provide in Brand Registry; and brands can more quickly find and report suspected infringement. Singapore15.8. Recommendations for Anti-Counterfeiting, For more information about this report visit https://www.researchandmarkets.com/research/dctz2p/global_brand?w=12, "Global Brand Counterfeiting Report, 2018", https://www.researchandmarkets.com/research/dctz2p/global_brand?w=12. | Source: : Voz means Voice, named for our mission to give indigenous artisans a voice through design tools and market access. As soon as this statistic is updated, you will immediately be notified via e-mail. Unfortunately, many online retailers dont have the knowledge or tools to filter counterfeit products. 1. "ZC46{@nWTe You may opt-out by. Global counterfeiting is expected to reach $1.82 trillion by 2020. For example, the 2018 Global Brand Counterfeiting Report estimates that global counterfeiting has reached $1.2 trillion. Of the 68% of brand respondents that had experienced counterfeiting, 74% of respondents say that theyve seen the volume of their counterfeited products increase since the beginning of the COVID-19 pandemic, likely due to the increase in online shopping. Trade in fake goods, which infringe on trademarks and copyright, creates profits for organised crime gangs at the expense of companies and governments. The Global Brand Counterfeiting Report, 2018 estimates that the losses suffered due to online counterfeiting globally has amounted to 323 Billion USD in the Through our design collaboration and aesthetics-driven approach, we have gained a loyal international clientele that continues to grow. Then you can access your favorite statistics via the star in the header. Past OECD-EUIPO analysis has shown that free trade zones where economic activity is driven by reduced taxes, customs controls and lighter regulation can unintentionally facilitate counterfeit trade. Business organizations spend a lot of money, time and resources on protecting their brand and trademarks. The other side of the E-commerce Industry9. Business organizations spend a lot of money, time and resources on protecting their brand and trademarks. United States of America16. Germany15.4. The Global Brand Counterfeiting Report (2018) stated the total value of counterfeit products on a global scale to be USD1.20 trillion in 2017 and expected it to click here! Counterfeiting also poses threats to the welfare of consumers, along with that it also disrupts the whole society on various levels and harms the reputation of the businesses. The Global Brand Counterfeiting Report, 2018 has addressed the issue of proliferation of trademark counterfeiting in this technologically driven era. [6]International Chamber of Commerce / BASCAP, Estimating the Global Economic and Social Impacts of Counterfeiting and Piracy (2011). The Tags, Hashtags & Search5.7. E Commerce - A New Platform for Counterfeiters7. We don't sell it; we provoke you to buy it5.5. %PDF-1.6 % Case Laws7.1. Through the continuation of weaving textiles, a cultures knowledge, religion, and aesthetic are protected and expanded. 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