Counterfeiters are taking advantage of the pandemic. Here’s how to stop them
Counterfeiters are flooding markets with fake masks, coronavirus test kits, PPE worn by frontline workers, medicine and medical equipment used for healing patients afflicted with COVID-19.
Last week, the European Anti-Fraud Office announced that they had already identified 340 companies trading in counterfeit products linked to the COVID-19 pandemic. The large majority of these fake goods are ineffective if not downright dangerous, and deceive both patients and doctors who trust that they are using genuine and effective treatments. This reduces the likelihood of patient recovery, and generally disrupts efforts to stop or slow the spread of the virus.
That counterfeiters have quickly seized on this new market opportunity shouldn’t come as a surprise. Whether a luxury handbag or watch, a medication or a bottle of wine, anything with a brand name attached to it will be counterfeited. The exterior or packaging of many counterfeits look identical to the genuine products, while the product itself is usually malfunctioning, made with inferior components, or at the very least does not adhere to proper manufacturing practices.
https://www.weforum.org/agenda/2020/06/counterfeiters-pandemic-how-to-stop-them/
Related Posts
Man Arrested with Gold Paste in Innerwear, Jeans At Kolkata Airport: Cops
The passenger was intercepted while going to board a connecting flight to Delhi...
Smuggled gold worth Rs 6.4 Cr along with foreign currency seized on way to Vijayawada
Hyderabad: In an operation carried out during the early hours of Friday, August...
Can blockchain stem the tide of counterfeit drugs in India?
Counterfeit drugs are a multi-billion dollar problem. Now pharma companies are...
CZI engages govt to stop smugglers
The Confederation of Zimbabwe Industries (CZI) wants a company engaged by the...