The art of duplicating a product grows stronger every day, and with that, it becomes harder to distinguish between real and fake one. The online sector of shopping makes it easier for fake brands to grow their market. However, it is entirely possible for customers to figure out between the original and fake by using a few tricks. If the packaging is faulty or if the price and product quality do not match it usually means that the product is fake.
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Medicine, Fashion, Food, Automobile- you name it, they have it. Counterfeits pervade every sphere of consumable products nowadays, and the sophistication of such practice is increasing to an alarming level.
However, companies have decided to fight and nail against it, since they realize that it has to be a global war against a web of invisible networks that span the globe and amass more than trillion dollars. Hence, of late, companies are trying to look for third-party methods to ensure that counterfeiting can be prevented.
World Health Organization or WHO recently came out with a huge piece of information. Apparently, as many as 32 billion dollars have been earned by the producers of counterfeit medicines globally, and the drug industry has lost this much money globally. In a recent research, apparently, one out of five vehicles is made from counterfeit parts. Both from the manufacturer’s as well as customer’s point of view, this is a certified disaster on a large scale as it impacts both ends gravely.
Fake products, often known as counterfeits, are something that pervades all industries to an extent. Fake notes, fake medicine, fake branding, etc. are insanely common nowadays. While some fake products harm you economically, some may harm you fatally. Among them, a counterfeit in the automobile industry is a dangerous as well as a growing concern because not only does it affect a huge industry in significant ways, but also can destroy individual lives too. It is because believe it or not; counterfeit practices contribute to 20 percent of all accidents that occur in this country, not limited to personal cars but also trucks, SUVs, and other heavy-carriage vehicles.
