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• Pharmaceuticals—$49B
• Automotive and aircraft parts—$12B
• IT and software—$10.9B
• Music and film—$5B
• Apparel—$2.1B
• Cosmetics and toiletries—7 percent to 10 percent
of the worldwide market
Overall, counterfeiting has put a $250 billion dent in the United States’ economy, and has resulted in the loss of hundreds of thousands of jobs. For those fortunate few thus far unscathed by the growing problem, be warned that if competitors are having problems with counterfeiting, chances are excellent you will be targeted next. And, the damage to a company is not limited to lost revenue, but diminished consumer confidence and even liability issues.
Related story: TABS Introduces e-BRIDGE SmartCard
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- Companies:
- Labels West
Maggie Dewitt
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