Counterfeit goods have made a mark on nearly every industry in the global economy. This problem has ballooned in recent years, with various fake products seen in the market — from designer bags and melamine-tainted milk in China, to medicine in India.
For businesses, fake products can spell irreversible financial and reputation damage. Consumers also face huge health hazards if they consume counterfeit goods such as medicine and foods.
Fortunately, there are ways to prevent fake goods from entering the supply chain, thanks to technology. And sometimes, all it takes is just one extra step in security procedures.
Protect your brand from counterfeits and provide assurance to your customers: