How counterfeit automobile parts jeopardize economy & driver safety?

A major contribution to a country’s GDP comes from the automobile after-sales industry which includes servicing and spare parts production. While both the sectors continue to grow there has been a rising concern regarding the production of counterfeit automobile parts which consumers often fail to identify and the service centers readily use because these parts give them huge profit margins.

Continue reading “How counterfeit automobile parts jeopardize economy & driver safety?”

Counterfeited Goods as Abundantly available as Sunlight!

Today we are living in an era, where there is competition. The constant strive to attain the glory which is the aim of every player in the market.  But some players are not very much interested into the competition and instead seek to reach the pinnacle without actually going through the process of research and development which is the primary factor for thriving and establishing in the market.

Counterfeiting takes the place of the R&D, and the particular manufacturer seeks to attain that glory which is the fruit of immense hardship and dedication. They often fail to realize the fact that without actually going through hardship and struggle, even the attained glory is not complete!

  Types of the Brand and their possibility of being Counterfeited
Time was there when counterfeiting was only associated with bank notes. However today, there are no such limitations. Counterfeited goods are widely available. Virtually no article is excerpted from being falsified. From pins to cars, everything can be found in a counterfeited avatar. That being said, there are no specifications when it comes to counterfeited products. Brands of products include-

1.     Carter, Rolex, And Other Designer Brands- It is true that not everyone will be able to own Rolex and other similar designer brands. Not only they are very costly but are also not very widely available which makes sure that just a qualified and restricted amount of customers can reach them. But to be precise, these are the world’s most counterfeited goods.

2.     The North Face- Perhaps the most widely available counterfeited products is that of The North Face. The high-performance outdoor gear and apparel brand are specifically targeted and duplicated. For instance, as much as 50000 North Face jackets were seized from a warehouse in New York.

3.     Levis- One of the most sought-after denim brands globally, Levis is under a considerable counterfeiting attack. The internet is flooded with how to be guiding customers to avoid purchasing counterfeited Levi’s jeans.

4.     Tamiflu- Fake fashion at least doesn’t take life, but counterfeit drugs do! As much as horrifying it is even to hear, it is true that the Swine Flu drug Tamiflu have been reportedly counterfeited and the product has killed as much as 1 million people globally in a year.

5.     Ray-Ban- There will be hardly any person who hasn’t heard about Ray-Ban. One of the most popular shade brand Ray-Ban is also popularly counterfeited, and the market is flooded with the same.

 Although it is a fact that counterfeited goods can never match the quality of that of the original, but it undoubtedly hampers the trust of customers with the unique brand and grabs the market to some extent. And this very duplication has become a trend in today’s market.

How big is the business of Counterfeiting?

It has been reported that globally there has been an unhealthy growth of counterfeit vehicles and their parts which puts the user safety to risk and is causing the automobile companies to lose millions. A majority of these parts which are counterfeit have come from China while a lot of them are locally generated as well. It is known that the two out of five spare parts which are sold are fake.

Continue reading “How big is the business of Counterfeiting?”

Indian Pharmaceutical Market- Chasing aims to ensure positive growth

It is the scientists and medical practitioners for whom the success rate is at the tipping point in the pharmaceutical industry. They made enormous, untiring efforts to institutionalize the practice of teaching and involving the budding youth in the booming world of medical studies and pharmacy.

The pharmacy industry sprung because of the continuous efforts and incorporation of the intellectual minds too helped to mount the success rate of pharmacy. In the real world, the urgent need of pharmacy is on a higher price and to make a better diagnosis of the needles, it demands to be studied and revised as per the growing competitive needs of the market.

Continue reading “Indian Pharmaceutical Market- Chasing aims to ensure positive growth”