Counterfeit drugs pose a significant threat to public health and safety, requiring innovative and effective solutions to combat this global problem.
In November, the Department of Pharmaceuticals took a crucial step towards addressing this issue by publishing a gazette notice. According to this notice, starting on August 1, 2023, the 300 most popular formulation brands will be required to incorporate a barcode or quick response (QR) code on their labels.
(more…)Counterfeit drugs pose a significant threat to public health and safety, requiring innovative and effective solutions to combat this global problem. In November, the Department
In today’s global marketplace, businesses face a growing threat from counterfeiters who seek to profit from the sale of fake products. Counterfeit goods not only damage a business’s reputation and bottom line, but they can also pose serious risks to public health and safety.
As a result, companies are increasingly turning to anti-counterfeit solutions to protect their products and consumers. However, not all anti-counterfeit solutions are created equal, and businesses need to consider customization to effectively meet their unique needs.
Customized anti-counterfeit solutions offer businesses numerous benefits, including enhanced security, improved brand protection, and increased consumer trust. By tailoring anti-counterfeit technologies to their specific needs, businesses can improve product authentication, track their products throughout the supply chain, and monitor potential vulnerabilities.
In today’s global marketplace, businesses face a growing threat from counterfeiters who seek to profit from the sale of fake products. Counterfeit goods not only
Counterfeit clothing has been a growing problem for apparel manufacturers worldwide. With the rise of online shopping, it has become easier for counterfeiters to make and sell fake clothing, which has led to a significant loss of revenue for many reputable brands. Unbelievable quantities of apparel are being imitated; many estimates put the percentage as high as 30%. Frequently, these items are valued more than $2 billion!
Firstly, it’s important to understand the negative impact of counterfeit clothing on brand reputation. Counterfeit clothes are often of low quality, which can result in dissatisfied customers who are likely to never buy from that brand again. Additionally, the association of counterfeit products with a brand can lead to a loss of brand value and consumer trust. It can also lead to a negative impact on sales and revenue, as counterfeiters often sell their products at a lower price than the original brand, making it difficult for the original brand to compete.
Counterfeit clothing has been a growing problem for apparel manufacturers worldwide. With the rise of online shopping, it has become easier for counterfeiters to make
In today’s globalized world, supply chains have become increasingly complex and interconnected. It can be challenging to trace a product’s origin, validity, and movement as it moves through the supply chain. The global supply chain has become more complex and fragmented than ever before.
Companies need trustworthy tracking and tracing technologies to guarantee that goods arrive at their intended location quickly and efficiently. Holographic technologies have been a viable option for improving track and trace capabilities in recent years. A procedure known as “track and trace” enables companies to follow their products from the start of the supply chain to the conclusion, ensuring product security and customer involvement.
In today’s globalized world, supply chains have become increasingly complex and interconnected. It can be challenging to trace a product’s origin, validity, and movement as
As the apparel industry continues to evolve, so do the methods used by counterfeiters to produce and sell fake clothing and accessories. This is a major concern for apparel manufacturers, as it results in lost revenue and damage to their brand reputation.
To combat this problem, manufacturers have been turning to various anti-counterfeit solutions. However, as technology advances, it is important for them to stay informed about the latest trends and developments in the innovation in order to stay ahead of the game.
As the apparel industry continues to evolve, so do the methods used by counterfeiters to produce and sell fake clothing and accessories. This is a
The garment industry is one of the most heavily counterfeit industries in the world. The International Trade Centre estimates that the $461 billion sector of fake clothing and shoes makes up around 7% of all counterfeit items sold globally. The difficulties that clothing manufacturers encounter are varied, ranging from the effect on their brand to the monetary loss of sales.
The garment industry is one of the most heavily counterfeit industries in the world. The International Trade Centre estimates that the $461 billion sector of
Latest technology has become both blessing and a curse in times like such. Where countless industries like Pharma, Electronics, Automobiles and many more are waging a war against Counterfeiters, the Counterfeiters has leveraged the power of technology for their own malicious use.
Latest technology has become both blessing and a curse in times like such. Where countless industries like Pharma, Electronics, Automobiles and many more are waging
The fact is, you won’t be able to spot counterfeit medicine with your naked eyes. But that doesn’t mean you can’t spot the difference between the real and fake in different ways! The one most effective yet efficient way, invented by the team of experts at Lasersec Technologies, is Phygital. But first, let’s discover the impact of counterfeit drugs on pharma…
The fact is, you won’t be able to spot counterfeit medicine with your naked eyes. But that doesn’t mean you can’t spot the difference between
The act of counterfeiting of commodities coming from different kind of industries has been on a steady rise for quite some time now.
The act of counterfeiting of commodities coming from different kind of industries has been on a steady rise for quite some time now.
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