Aussie invention to reveal counterfeit products
Researchers have come up with a way to stop counterfeiting, which is now a worldwide problem with billions of dollars worth of fakes stopped at customs every year.Now, invisible codes are being hidden in genuine products – sorting the real thing from the fakes.
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Algeria: Two Smugglers Arrested in Tamanrasset, Smuggling Attempts Foiled At Border Regions
Algiers — Two smugglers were arrested Wednesday by units of the People’s National Army in Tamanrasset, and various products and cattle intended to be smuggled were seized at several border regions, said Thursday the Ministry of National Defence.
“As part of measures to strengthen border security and fight against organized crime, a detachment of the operational area of Tamanrasset (6th Military Region) arrested two smugglers, on 2 September 2015, and seized an all-terrain vehicle and four metal detectors,” said the statement.
http://allafrica.com/stories/201509031768.html
Lear MoreCentury-old Limerick tobacco shop to stop selling cigarettes
The supply of smuggled tobacco products on our streets has led to the only licenced tobacconist outside of Dublin ending its sale of cigarettes.Cahill and Sons in Limerick is one of only four retailers in the country with a special exemption that allows them to display cigarettes in their store.
It has continuously traded for 145 years but the current owner says that, with an epidemic of smuggled tobacco products on the streets, her cigarette trade is now going up in smoke.
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World Anti-counterfeit Clothing and Accessories Packaging – Market Opportunities and Forecasts to 2020 for the $20 Billion Industry
Research and Markets (http://www.researchandmarkets.com/research/63b2kx/world) has announced the addition of the “World Anti-counterfeit Clothing and Accessories Packaging – Market Opportunities and Forecasts, 2014 – 2020” report to their offering.
Presently, the counterfeiting rates of clothing and accessories impedes the financial growth of fashion and luxury goods industry. To overcome counterfeiting practices, authentication technologies are highly preferred techniques for low-cost products. The growing trend of multilayered product protection for fashion accessories would largely boost to the authentication technology market. Local manufactures form the key user segment of economic authentication technologies. A high demand is estimated for the segment of cost-effective authentication technologies during the forecast period.
Lear MoreTobacco smugglers hit with confiscation orders
A company director, who was jailed for smuggling over three tonnes of tobacco disguised as scented pot pourri through Manchester airport, has been ordered to repay £34,500 in stolen tax.
Mohammed ShazedJameel was ordered to repay the money following a financial investigation by HM Revenue and Customs (HMRC).
HMRC traced 33 illegal freight consignments back to Jameel, which added up to over three tonnes of tobacco. He was ordered to repay £34,500 within three months or face a compulsory default jail sentence of an additional two years. Jameel had been jailed previously for 38 months on 17 April 2015 at Manchester Crown Court for the smuggling offences.
Lear MoreHow India’s tax system helps heavily taxed cigarettes flourish
In March 2015 – in response to a drop in sales as taxes more than doubled over four years – India’s leading cigarette company ITC Ltd. shortened its discount Bristol-brand cigarettes by 5 mm. That allowed Bristol cigarettes to make use of India’s complicated six-tier cigarette-tax system and fit into the lowest tax bracket. So, a pack of Bristol costs the same as before.
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Worldwide Protection Against Counterfeiting
Many brands are struggling with massive product piracy problems and the resulting loss of sales – particularly with counterfeit accessory components. In addition, frequently unjustified warranty claims, return obligations and even product liability issues have a negative effect on sales and damage a brand’s image. 71 percent of German industrial companies are affected by product or brand piracy, according to the latest VDMA market study on product piracy. Estimated losses incurred by German machine manufacturers amount to about eight billion euros per year.
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After Rocks, Empty Boxes Flipkart Delivers Fake ‘JBL’ Headphones
India’s e-commerce giant Flipkart seems to be taking its customers for granted and not learning from its past goof-ups. For Ratnendra Pandey, Assistant Editor with focusnews.com, ordered a set of JBL headphones and what he received instead was a fake, defective product.
JBL is an American audio electronics company known for its quality products. The original JBL headphones look like this.
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Counterfeit goods real challenge to ‘Make in India’: Report
Production of low-quality counterfeit goods has the potential to significantly undermine the ‘Make in India’ programme that seeks to establish the country as a global manufacturing hub, a report has said.The counterfeit market is growing at a rate of 44 per cent per annum and has touched Rs 1.05 lakh crore in size in 2014, according to ‘Sell SMART’ report by industry body FICCI and consultancy firm KPMG.
Lear MoreWorld Anti-counterfeit Clothing and Accessories Packaging – Market Opportunities and Forecasts, 2014 – 2020
The malpractices of counterfeiting activities are majorly associated with premium products as they carry high revenue benefits and a lower risk. The counterfeiting practices of clothing and accessories are rapidly changing from physical markets to e commerce portals. The global anti-counterfeit clothing and accessories packaging market accounted for a revenue of $12 billion in 2014 and is expected to reach $20.5 billion by 2020, registering a CAGR of 9.9% over the forecast period.
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