If statistics revealed in a recent research report by a leading brand management consultancy are to be believed, counterfeiting now costs more than 2% of the global economic output or around $1.8 trillion a year.
More alarming is the fact that counterfeiting is expanding by over 15% every year. Consumer goods account for over 46% of the counterfeiting trade. This can be categorized into food & beverages, cosmetics and other goods like pharmaceuticals, health & wellness, toys, sports goods...