website statistics

Counterfeit goods coming out of China at times look exactly like original products. And they end up costing the original producers millions of dollars.
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...

Chinese counterfeit products are flooding the markets, not only in the developing countries but also in developed nations. They are cheap, getting better by each day and are readily available. It is now being said that China gets the original commercial and military designs through hacking and then successfully imitates them. And that this may risk local trade.


counterfeit

Louis P. Feuchtbaum has been involved with a number of IT companies to thwart the threat of counterfeit electronics. He’s a former assistant district attorney and according to him companies must do detailed investigation of a possible design leak if there’s a flood of its counterfeit products in the market. Also, the company needs to locate how these counterfeit products are being sold as to track them and have them barred from sale.

Also, in his opinion, hacking used to steal commercial designs is a critical threat and can’t be downplayed, given the significant of economics in today’s world, “As commercial conflicts become more critical to national security, industrial espionage is a very serious issue. The U.S. economy has been steadily shifting away from manufacturing to the development of its intellectual property. We are the genius that powers much of the world’s engines. If … our intellect/design/ingenuity can just be swiped pretty easily because of these products that have been installed that compromise our communications, the consequences for that could be grave.”

When a company produces an original product, it has to invest significantly in research and development and then set a price based on these costs. Producers of counterfeit products have no such costs. They are sold cheaper and are of sub-standard quality, damaging the actual company’s repute and market standing.

Feuchtbaum says, “When you have counterfeit products you lose the assurance of reliability — quality control goes out the window. You may be dealing with algorithms and programming that could work until too many demands are placed upon a system [and] you make it to a point where actually component failure due to material breakdown.”

However, there are times when counterfeit products are so similar to actual products that even the experts can’t tell the difference. And this essentially makes a company lose big money. Fuechtbaum cites an instance, “There are cases I have been involved with where counterfeit products relating to a single product — not even a product line [but] a single part number — … costs the American company tens of millions of dollars for a single part. Take that and multiply it across product lines and then across the whole production of the company, and the losses are almost uncountable.”

The solution, he thinks, is a very robust counterfeiting system in place which can track counterfeit goods and then put them out of the market.

Source: Business Insider

Buy Cheapest Related Product From Amazon.com


Microthrusters Developed At MIT Could Propel Satellites

See The First “Big Bang Theory” (The Beginning Of Universe) In Video
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On August 19, 2012(3 years, 9 months ago.)

You May Also Like:

What Do You Think?

Leave a Reply




Loading Facebook Comments ...

FTC Disclosure: Some of the links of this website are "affiliate links." This means if you click on the link and purchase the item, we will receive an affiliate commission.


Recent Search

Recent Tutorials

Even if iPhone is muted, still Siri's voice is loudly chime. Now you can change the setting to silence Siri using your iPhone's mute switch.
Check out how to teach Siri about nicknames and relationships of the important people in your life in order to make your life easier.
Has your iPhone suddenly turned black & white? Check out this tutorial to know possible reasons & how to fix iPhone screen with few taps.
Check out this tutorial to download FREE movies and TV Shows streaming Showbox app and install it on your Android smartphone or tablet.
Parental Controls allows you to put restrictions on apps or content that can or can not be used by anyone else on your Apple iPhone or iPad.
If you want to print from iPhone without using any computer, check this out to connect and print wirelessly right from the Apple device.
Using Siri, anyone can bypass the Passcode even if iPhone or iPad is locked. Check out this to know how you can disable Siri on lock screen.
Floatify will let you quick reply to the messages or emails through notification bar using your Android Lollipop or Marshmallow.
If you do not know to do face swap, check out this tutorial to learn how the new Snapchat face swapping feature actually works.
Facebook has released the Live video streaming feature and we will show you how to go live using the Facebook app for Android or Apple.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook