Devastating consequences for industrial buyers
While knock-offs of consumer goods have long been an issue, the recent development of counterfeits in the industrial trade and in B2B is causing huge concern due to the health and safety hazards involved. Anti-counterfeiting efforts will now need to take on completely new forms as fake goods are making their way into new sectors, with many large industrial companies purchasing inauthentic products unknowingly and then selling these on to consumers or incorporating them into their manufacturing processes.
This development could have alarming consequences, as knock-offs rarely comply with international safety standards or go through compulsory testing. Unfortunately, goods in which safety is a vital component are being targeted more and more often by fraudsters and, due to improved counterfeiting techniques, inauthentic copies are all the more difficult to detect. Products such as imitation car seats may look identical to the original on the outside, but be made of much less resistant materials which will fail to provide children with adequate protection in the event of an accident. The worst possible outcome in this scenario would be devastating.
Other products being targeted are mechanical parts and lubricants, which can be difficult to prove are actually fake. In these cases, fake goods can cause huge blows to a company´s reputation and in the event of a malfunction caused by a cheap knock-off, companies can even be forced to be pay damages or face lawsuits as a result of unknowingly using fake products. It is therefore extremely important that all companies be aware of the risks that the fake goods trade poses and take appropriate anti-counterfeiting precautions to protect their business and their clients.