Counterfeit & Pirated Products
To this day, traditional business-to-business (B2B) logistics and data management systems have failed to limit counterfeit products and stolen goods from entering the supply chain. The consequences are enormous: massive financial losses for businesses, ruined reputations for brands, impossibility of identifying lost or stolen items, and worst of all, customer fatalities.
- Fatal Incidents
- Financial Losses
Every year an estimated 3 billion items are lost or stolen around the world.
500 million items are reported lost every year in the US.
Pirated products and Knocked-off goods cause $900 billion in damages.
1 million people die from receiving counterfeit medication worldwide.