A Guide to RFID Security Tags
Tracking high-value goods can thwart counterfeiting and supply-chain diversion. Here's what you need to know to choose the best solution for your company.
By Jennifer Zaino
Dec. 1, 2010—Product counterfeiting has long plagued manufacturers in many industries, and from all accounts, the problem is growing worse. That's due, in large part, to more outsourcing of manufacturing in Asia and booming online sales.
"Faking things is kind of a national sport in China," says James M. Bevan, the managing director of research firm Vandagraf International. "Then you throw in the Internet sales of products [on sites] you Google up for Gucci handbags, and what you actually get are China fakes. Put the Internet and outsourcing to China together, and the [number] of counterfeits absolutely skyrockets."
In addition, supply-chain diversions to unauthorized outfits cost companies worldwide billions of dollars in lost revenue. Product-related crime losses, including counterfeiting and gray-market diversions, amounted to nearly $700 billion in 2008, or about 7 percent of world trade, according to Vandagraf.
Dec. 1, 2010—Product counterfeiting has long plagued manufacturers in many industries, and from all accounts, the problem is growing worse. That's due, in large part, to more outsourcing of manufacturing in Asia and booming online sales.
"Faking things is kind of a national sport in China," says James M. Bevan, the managing director of research firm Vandagraf International. "Then you throw in the Internet sales of products [on sites] you Google up for Gucci handbags, and what you actually get are China fakes. Put the Internet and outsourcing to China together, and the [number] of counterfeits absolutely skyrockets."
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In addition, supply-chain diversions to unauthorized outfits cost companies worldwide billions of dollars in lost revenue. Product-related crime losses, including counterfeiting and gray-market diversions, amounted to nearly $700 billion in 2008, or about 7 percent of world trade, according to Vandagraf.
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