I was reading an article in The Economist yesterday titled, “Counterfeiting and piracy: Stamping it out: As China grew richer and more innovative people assumed it would counterfeit less. Think again” (Published April 23, 2016)
Reading this article is part of my ongoing effort to understand what drives that counterfeiting anomaly: China.
Good article. But my point in bringing it up is not because of China in particular, but because of the source of the following intriguing quote, “Drug cartels in South America are starting to move towards the counterfeiting of consumer products because it is more lucrative, and there is no need for bribes or fast boats or planes.”
This quote was attributed to Hans Schwab, the founder of the Illicit Trade Monitor website.
Up until yesterday, I wasn’t aware of Hans Schwab or the Illicit Trade Monitor website, but I am glad I am now.
It is the most comprehensive and accessible website (I have come across to date) with information on the illicit and counterfeit trade.
Its motto is, “Increasing awareness of the global impact of Illicit Trade.”
Good motto, I think.
If you haven’t already been introduced to it, I highly recommend the website be fully explored.
The Illicit Trade Monitor is produced by Tech Trace SA
I’d be interested to know what you think of the website. And if you have any website recommendations you think would be helpful to others in our industry, please let me know. I’d be happy to pass-it-on in a future post.
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