Counterfeit goods coming out of China at times look exactly like original products. And they end up costing the original producers millions of dollars.

What are you thinking?

View Results

Loading ... Loading ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...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(2 years, 1 month ago.)

Recent Products

Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Compare  

What Do You Think?

Loading Disqus Comments ...
Loading Facebook Comments ...

Recent Search

Recent Tutorials

Apple has published a new guide detailing how Android users will be able to switch their contents from Android to iPhone.
The trick will let you to check your Facebook messages in the original app without downloading Messenger and it works with both iPhone or Android phone.
Want to block all disgusting ads from your android device? Read the tutorial to know how you can block ads on your Android and save data.
Want to repair your memory card? It's very easy to fix corrupted or damaged memory card. In fact you can fix it by yourself.
Are you the one who is frustrated because of the speed of your Android device? No worries, the article will help you increase the speed of that device.
Lately, Google has updated its Google Docs. Now users can crop, rotate, and add borders to images in a document without leaving Google Docs.
Adobe CS products are not free, but the good news is you can now download Photoshop CS2 & all other CS2 product completely free and it's absolutely legal.
At the beginning level, many people don't know how to use Gmail properly. For them, a here's a helpful guideline.
Skype now allows you to call directly from your Outlook account. Find the step-by-step installation process from this tutorial.
This tutorial helps you quickly resolve four of the most common problems that occur with Windows XP.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook