Despite the efforts of law enforcement agencies everywhere, our world is full of fakes. Whether it’s auto parts, handbags, pills or print cartridges, the counterfeiting economy is growing. For any industry that finds fakes in its distribution streams, it’s time to fight back.
According to one recent study, global product counterfeiting hit $1.2 trillion in 2017 and is on track to hit $1.82 trillion by 2020. The Organization for Economic Co-operation and Development (OECD) correlates that to a loss of about 5 to 8 percent of trade in name-brand goods, including print cartridges. In fact, the Imaging Supplies Coalition estimates that counterfeit cartridges may account for 3.5 to 4 percent of the global printing supplies market, with an annual economic impact of $3 billion.