Author: adminficci

Education can tackle counterfeiting

HONG KONG: Rather than simply relying on legal enforcement to address the problem of counterfeit goods, brands operating in China should also consider demand-led actions, two academics have argued.   “Knowing who buys these fakes and why can help firms get a handle on what can be done to dissuade the customers in question from doing so again,” said Lars Bergkvist, associate professor/marketing at the University of Nottingham in Ningbo, and Li Wanzhen at the EDHEC Business School.

http://www.warc.com/LatestNews/News/Education_can_tackle_counterfeiting.news?ID=34474

FDA acts to stem flow of fake drugs and medical gear

Ghana’s Food and Drugs Authority (FDA) has inaugurated an inter-agency task force to monitor, seize and share information on substandard, spurious and counterfeit medical products.The task force, which will be led by FDA, will also report falsified medical products to the World Health Organisation (WHO) and other regulators, as well as share intelligence on product surveillance, quality and suspicious market activity.

http://www.spyghana.com/fda-acts-to-stem-flow-of-fake-drugs-and-medical-gear/

How Counterfeits Can Impact Your Manufacturing Process

The counterfeiting of well-known brands and products is a problem that continues to rise each year; currently, it is estimated to make up five to seven percent of world trade or $1.77 trillion in 2015. Counterfeited brands, including consumer safety, manufacturing and electrical products, can have threatening implications for industry workers and facilities alike.

http://www.manufacturing.net/news/2015/03/how-counterfeits-can-impact-your-manufacturing-process

When China floods the world with illegal goods

Chinese business has been booming for close to 30 years, with the economic reform going back to 1978. In those three decades, the most largely populated country in the world has gone from a state of under-development, recovered from its political turmoil, and reached the third rank of millionaires in the world, after the United States and Japan. But if the People’s Republic has developed a real and solid economy, the extent in which it has indulged in counterfeiting has reached unbelievable levels, at the expenses of the rest of the world, notably Europe.

FEATURE: iPhone Smuggling

A man crossing the Hong Kong-China border with 146 iPhones strapped around his belly was apprehended by Shenzhen officials before he even got a good core workout. The 47-pound bundle, confiscated on March 6, was reportedly the biggest iHaul ever found on a single smuggler. When his homemade belt set off the metal detector at border security, officials told CNN that the man assured them he was wearing metal accessories, “but we didn’t believe him.”

Whether or not the man will face charges is unknown. But he is far from the first to concoct such a scheme: China is home to a widespread “gray market” of clandestine iPhones, which are hocked to tech-thirsty urban tastemakers.

Warning vs fake medicine

The Food and Drug Administration (FDA) has warned the public about a fake variant of a fruit punch-flavored antibiotic being sold in the market.  In an advisory, the FDA said it had confirmed that Klaricid Clarithromycin 250mg/5ml granules for suspension in fruit punch flavor No. L7877, supposedly manufactured in Canada, is a counterfeit drug after Abbott Laboratories Philippines compared it with the registered drug.
http://newsinfo.inquirer.net/679084/warning-vs-fake-medicine