If you work in an industry such as fashion, then your business may have a lot of problems with fake goods. According to the infographic below, China is still THE major producer of counterfeit goods despite efforts to crack down on it legally and educate people about copyright.
About half of the seizures in the US coming from mainland China were either handbags or wallets. Although enforcement operations tightened the noose on these commodities, all this seems to have done is driven up prices by 140%.
On a domestic level, it’s not unusual to see easily cloned items such as jewellery designs ripped off by opportunistic vendors. Are counterfeits a problem for your industry too?