global brand counterfeiting report 2020global brand counterfeiting report 2020

1. "The amount of total counterfeiting globally has reached to 1.2 Trillion USD in 2017 and is bound to reach 1.82 Trillion USD by the year 2020 which includes counterfeiting of all equipment/products from defence equipment's to counterfeiting of watches." %PDF-1.6 % 2306 0 obj <>stream It will be the combined effort of forward-looking brands, retailers and governments that will stop counterfeiting in its tracks in 2020. Footwear12.3. These figures do not include domestically produced and consumed fake goods, or pirated products being distributed via the Internet. Luxury Brands & Celebrity Endorsement5.1. Brands and retailers are polishing their supply chains as consumer demand for ethical and sustainable fashion continues to swell. Through weaving, Voz artisans are able to feed and educate their children, as well as invest in vital costs such as medicine and transportation. Photo courtesy of Voz. In fact, the trade of fake merchandise has slowly risen over the last few years and now accounts for 3.3% of global trade, according to a recent report by the Organization for Economic Cooperation and Development (OECD). Expertise from Forbes Councils members, operated under license. WWD and Women's Wear Daily are part of Penske Media Corporation. The illicit value chains12. 0 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. Consider knock-off makeup and skincare products. While this might not seem like a serious threat (and for those who knowingly buy knock-offs for superficial reasons, its not), the truth is that poor quality items can have real, dire consequences. hTke5Yrw+,:&&Y):R'J$Dc#deaeAG15l*E0(SPry & Dwh3 +&. Get full access to all features within our Business Solutions. Germany15.4. 2023 Fairchild Publishing, LLC. 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Business Solutions including all features. Experience Your Economic Times Newspaper, The Digital Way! Italy15.6. Fast Fashion5.8. To put that in perspective: Thats roughly 2% of everything sold worldwide. $y} +@i@|=] Rxfl e1012pdH5?/ y-u In October 2019, Amazon said they were prepared to invest billions of dollars into keeping customers from selling fake or dangerous products on its platform. The amount of total counterfeiting globally reached $1.2 trillion in 2017 and is projected to reach $1.82 trillion by 2020. Internet service providers15. statistic alerts) please log in with your personal account. [2] Dr. Nam D. Pham, IP Creates Jobs for America (2013). "Sales losses from counterfeit goods worldwide in 2020, by retail sector (in billion euro)." : Originally, people relied on a balance of agriculture and craft for sustenance and income. Register in seconds and access exclusive features. 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. A growing number of businesses in Singapore, Hong Kong and emerging economies like Brazil and China are also becoming targets. Social Counterfeiting - Counterfeiting on Social Media10. The result is that for the first time in countless generations, rural dwelling and indigenous artisans are struggling to make a living with their traditional craft. United Kingdom15.10. Total Number of IPR-related Seizures in 2020[1], Direct & Indirect U.S. Jobs Supported by IP-intensive Industries in 2013[2], Total Value of IPR-infringing Goods Seized, Originating from China in 2014 (including Hong Kong)[3], Total Value of IPR-related Seizures (MSRP) in 2020 [4], Estimated Percentage of Global Trade Comprised of Counterfeit and Pirated Goods (2019)[5], Projected Value of Global Trade in Counterfeit and Pirated Goods in 2015[6]. 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The majority of fake goods picked up in customs checks originate in mainland China and Hong Kong. Counterfeiting in the Fourth Industrial Revolution2. The illicit value chains12. Gucci vs Alibaba7.2. Dublin, May 15, 2018 (GLOBE NEWSWIRE) -- The "Global Brand Counterfeiting Report, 2018" report has been added to ResearchAndMarkets.com's offering. The Tags, Hashtags & Search5.7. WebThe Global Brand Counterfeiting Report (2018) stated the total value of counterfeit products on a global scale to be US$1.20 trillion in 2017 and expected it to surge by more than US$1.82 trillion by 2020. For example, the 2018 Global Brand Counterfeiting Report estimates that global counterfeiting has reached $1.2 trillion. First and foremost, its the fact that a counterfeit product equals a low-quality product. Weavers in particular, in this case, the women of the Qero community, spent hours showing me how each textile mapped their cosmology, folklore and cultural identity. Counterfeiting in the Fourth Industrial Revolution2. 1901 0 obj <>stream endstream endobj startxref Analysis - Secondary Liabilities14.1. Work with product feeds data (product databases). More than 500,000 brands were enrolled in Brand Registry in 2020. The insignia5.2. Various sources (scantrust.com). 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. Sales statistics, reporting on deliveries, sales, behavioral parameters of users. Nike, for example, recently pulled its products from Amazon in part to try to mitigate the damaging effects that counterfeit goods were having on its brand. What is the real threat of counterfeit goods? Currently, you are using a shared account. We don't sell it; we provoke you to buy it5.5. Employee background checks to screen prospective and/or existing employees. Counterfeiters must also combine deceptive product quality with the ability to infiltrate global SCs without the deterrent of possible detection. Hong Kong15.5. [i] Counterfeiting includes, but goes way beyond, fake watches or bogus polo shirts. A summary of the legislation under consideration in the US and EU Social Counterfeiting - Counterfeiting on Social Media10. UNIVERSAL HEALTH SERVICES, INC. : Ex-dividend day for, New Fortress plans to start producing LNG at Altamira, Mexico in July, HYSTER-YALE MATERIALS HANDLING, INC. : Ex-dividend day for, Bank of Nova Scotia On Pace for Largest Percent Decrease Since June 2020 -- Data Talk, Exclusive-Canada's Baytex Energy nears $2.5 billion deal for U.S. peer Ranger Oil -sources, Aura Minerals Inc. 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According to the Global Brand Counterfeiting Report 2018, counterfeit goods reached 1.2 Trillion USD in 2017 and are set to grow to over 1.8 Trillion USD by 2020. [1] U.S. Department of Homeland Security, Intellectual Property Rights Seizures Statistics, Fiscal Year 2020. Should Indian economy prepare for a below-the-belt jolt? &LStPdLYCT2iZ$LCiY]Xg. Future Threat- 3D Printing & Counterfeiting11. Why it matters: Losses from e-commerce shams This results in the customer losing trust in the brand and also likely means that they wont purchase from the retailer in the future. Chipping, unique bar-codes and governmental systems of fight with counterfeit have not made much progress in the fight against counterfeiting, and as a result, consumers receive a low-quality or even dangerous product; distributors, who sell counterfeit goods face returns, negative reviews and, in some cases, legal action; manufacturers lose millions of dollars in lost profits. France15.3. Upon purchase, the client receives a certificate in his application. Jasmine Etoile Aarons: To understand fashion, one must first know cloth. Counterfeiting is insidious; it supports child labor, human trafficking, organized crime, and has been linked to terrorist groups. 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. 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 Weband the data brands provide in Brand Registry; and brands can more quickly find and report suspected infringement. WebThe Global Brand Counterfeiting Report, 2018 estimates that the amount of counterfeiting globally had reached $1.2 Trillion by 2019 and that the losses suffered from online counterfeiting amounted to $323 Billion in 2017 [7]. The artisans I have met and interviewed over the last 10 years in Peru, Chile, and neighboring countries, have expressed frustration and sadness that their fellow citizens and visiting tourists dont sufficiently [culturally or monetarily] value their handmade work in the public marketplaces. As a result, weavers often are pressured to remove important traditional symbols from their art in order to make it fast enough to equal the price of a knockoff or use cheaper materials. The other side of the E-commerce Industry9. United Arab Emirates15.9. France15.3. For further information, or to speak to one of the authors of the report, please contact Catherine Bremer in the OECD Media Office (+33 1 45 24 80 97). China15.2. Product feed data conversions into Google Merchant Center feed. 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. You need a Statista Account for unlimited access. 1. Trends in Trade in Counterfeit and Pirated Goods covers all physical fake goods which infringe trademarks, design rights or patents, and tangible pirated products, which breach copyright. The illegitimate acts also have a bad impact on the overall growth of the businesses. The rise of digital channels facilitating the sale and purchase of consumer goods has fueled a rapid increase in trade of counterfeit products around the world. In 2013, trade in counterfeit and pirated products accounted for approximately USD 461 billion, more than 2.5% of world trade (OECD/EUIPO 2016 ). You only have access to basic statistics. Cosmetics and Perfumes12.4. Birmingham, Alabama Area. The amount of total counterfeiting globally reached $1.2 trillion in 2017 and is projected to reach $1.82 trillion by 2020. Your Reason has been Reported to the admin. It is vital that we do more to protect intellectual property and address corruption.. Through choosing to weave for a living (and their ability to do so), they are protecting and sharing their cultural knowledge within our group and outside of it. Photo courtesy of Voz. The 2020 Brand Protection Report shows Amazons significant innovation and worldwide progress in combatting counterfeit products and protecting customers Please create an employee account to be able to mark statistics as favorites. The illegitimate acts also have a bad impact on the overall growth of the businesses. Global counterfeiting is expected to reach $1.82 trillion by 2020. We don't sell it; we provoke you to buy it5.5. Counterfeiting is no longer confined to street-corners and flea markets. Adverse effects of Social Media5.9. Sales losses from counterfeit goods worldwide in 2020, by retail sector(in billion euro). As a Premium user you get access to the detailed source references and background information about this statistic. You may opt-out by. J.E.A. 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. Get all the top news stories and alerts straight to your inbox. 2265 0 obj <> endobj This statistic is not included in your account. Please do not hesitate to contact me. WebMay 2010 - Jan 20209 years 9 months. Counterfeit goods are low-quality items and they are dangerous for your health. Counterfeiting & Trademark Infringement in Biggest Markets15.1. Italy15.6. Through our flexible production structure, weavers can balance a traditional way of life with weaving and agriculture. A platform for protection of goods against a counterfeit. The Tags, Hashtags & Search5.7. Then you can access your favorite statistics via the star in the header. Customs officials also noted an increase in counterfeits of goods less commonly seen in the past such as branded guitars and construction materials. Is there any medium as connected as Internet?5.4. Creation and distribution of promo codes according to conditions. 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. Simply put, when counterfeiters sell a product that looks the same as the original but at a lower price, the authentic brand will lose sales. [5] OECD, Trends in Trade in Counterfeit and Pirated Goods (2019). Analysis - Agreements on Intellectual Property Rights13.1. The Global Brand Counterfeiting Report, 2018 estimates that the losses suffered due to online counterfeiting globally has amounted to 323 Billion USD in the EU Customs Regulation14. Fast Fashion5.8. According to the Global Brand Counterfeiting Report 2018, it was estimated that by 2020, the amount of total counterfeiting would reach 1.82 Trillion USD globally. Webfurther, in 2020 the covid-19 pandemic spread to every corner of the globe, upending life as we know it and amplifying the counterfeiting problem. EU Customs Regulation14. You can only download this statistic as a Premium user. EU Directives and Regulations13.3.1. Many weavers have found other types of jobs besides artisanship and no longer feel as if making traditional art forms is worth their time. Germany15.4. International Monetary Fund (IMF) managing director Kristalina Georgieva said the global economy may have turned a corner with signs of growth bottoming out and inflation trimming down. J.E.A. 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. Trade in fake goods, which infringe on trademarks and copyright, creates profits for organised crime gangs at the expense of companies and governments. Total Starbucks locations globally 2003-2022, U.S. beer market: leading domestic beer brands 2017, based on sales, Revenue and financial key figures of Coca-Cola 2009-2021, Research lead covering Non-food CG & Retail, Profit from additional features with an Employee Account. They feel forced to accept prices for their craftwork that do not fairly compensate them for the materials and labor of their artwork. "ZC46{@nWTe Anti-Counterfeiting Trade Agreement13.3. Manufacturing Outsourcing - A blessing in Disguise5. Recommendation6. 2291 0 obj <>/Filter/FlateDecode/ID[<34B38B46A27FC8469B485278D5465D2B><3D2570D60808A6439D4AFAC9D38BD17B>]/Index[2265 42]/Info 2264 0 R/Length 128/Prev 986752/Root 2266 0 R/Size 2307/Type/XRef/W[1 3 1]>>stream Source references and background information about this statistic is not included in your.! Digital way retail sector ( in billion euro ). that do not include domestically produced and consumed fake picked! Product equals a low-quality product besides artisanship and no longer feel as if making traditional art forms is their! Or pirated products being distributed via the Internet, or pirated products distributed... Can only download this statistic as a Premium user you get access all! Worth their time fake goods, or pirated products being distributed via the.! Pirated goods ( 2019 ). as connected as Internet? 5.4 to prospective! 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