Discover your next big idea at PACK EXPO Las Vegas this September
Experience a breakthrough in packaging & processing and transform your business with solutions from 2,300 suppliers spanning all industries.
REGISTER NOW & SAVE

IHMA Urges Action in Light of China Counterfeit Report

Organizations are being urged to review and redouble security plans to attempt to stem the "tidal wave" of counterfeit goods flooding out of China.

Hologram on a pain relief product. Courtesy of IHMA
Hologram on a pain relief product. Courtesy of IHMA

The hologram trade body, International Hologram Manufacturers Association (IHMA), is urging organizations to review—and possibly redouble—security plans in light of a “tidal wave of counterfeit goods flooding out of China.” The comments are based on a new U.S. Chamber of Commerce report that states that over four fifths (86%) of all counterfeit goods now come from China.

According to the Global IP Centre’s The Measuring the Magnitude of Global Counterfeiting report, customs authorities are only seizing 2.5% of the value of total estimated counterfeits. Global impact studies by the International Chamber of Commerce estimate that the upper bound of the global value of counterfeit and pirated goods could be $1.77 trillion.

Dr. Mark Deakes, the IHMA’s General Secretary says, “More action needs to be taken quickly if the tidal wave of Chinese counterfeit goods flooding onto the market is ever to be checked, let alone stopped.” He suggests that increased integration of holograms may help organizations protect their brands, reassuring manufacturers, distributors, consumers and tax authorities. “Holography has a key role as a highly effective, highly flexible weapon in the ongoing battle to thwart counterfeiters and fraudsters.”

The pharmaceutical industry as a whole is making strides toward serialization implementation. According to the IHMA, the use of well-designed and properly deployed authentication solutions, as advocated in ISO 12931:2012, will allow examiners to differentiate counterfeits, even when they carry fake authentication features.

Break out of the ordinary: see what’s new in packaging & processing!
At PACK EXPO Las Vegas, you’ll see machinery in action and new tech from 2,300 suppliers, collaborate with experts and explore transformative solutions. Join us this September to experience a breakthrough in packaging and processing.
REGISTER NOW AND SAVE
Break out of the ordinary: see what’s new in packaging & processing!
Conveying Innovations Report
Editors report on distinguishing characteristics that define each new product and collected video demonstrating the equipment or materials as displayed at the show. This topical report, winnowed from nearly 300 PACK EXPO collective booth visits, represents a categorized, organized account of individual items that were selected based on whether they were deemed to be both new, and truly innovative, based on decades of combined editorial experience in experiencing and evaluating PACK EXPO products.
Take me there
Conveying Innovations Report