Coming later this week, Secure Pharma Chain Blog will be presenting in a two part blog series a recent opinion paper written by Alan Clock, Senior Vice President at XStream Systems, Inc.
The paper, titled The Decade of the Counterfeit, discusses how the first decade of the 21st century has emerged due to the globalization of the world's economy as a time where counterfeit, fraudulent and adulterated products have proliferated and touch each and every product, brand and consumer around the globe.
The following is an exerpt from The Decade of the Counterfeit:
The first decade of the 21st century could carry many labels given the rise of global terrorism, housing bubble and a worldwide financial meltdown. However one very appropriate label, albeit lesser known by the masses, would be the Decade of the Counterfeit.
Although counterfeit materials and fraudulent supplies have been around for centuries, with the emergence of far reaching global supply chains and an expanding worldwide economy, the criminal activity of producing counterfeit goods have propagated and are impacting a greater number of consumers universally more than ever before.
In modern times counterfeit products go well beyond the conventional bogus purses and knock off apparel that we traditionally associate with this fraudulent activity. The scope and audacity of contemporary counterfeiters goes well beyond what has traditionally been considered to be a victimless crime.
Today’s counterfeit products include every product that is used today, running the gamut from commercial aircraft parts to sophisticated electronics, and from consumer goods to food and life saving healthcare products. These include all of the products that consumers rely upon for their safety and well being. At best, these bogus products fall short of their consumer’s expectation while at worst they threaten a population’s safety and overall health.
To learn more about XStream Systems, Inc. visit our website at: http://www.xstreamsystems.net/.
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