INNOVATION IN PERSONAL CARE PRODUCT SECURITY GETS SOPHISTICATED – BUT ALSO EXPENSIVE
July 1st, 2018
IN the USA alone, USD1.4 billion in counterfeit consumer products were seized in 2016 by the United States Customs and Border Protection, including 2,000 shipments of counterfeit cosmetics products. This, according to a note from USA-based Clarkston Consulting, cost the beauty industry at least USD75 million, which said: “Counterfeiting of consumer products remains on the rise” - see https://clarkstonconsulting.com/insights/counterfeit-cosmetics/counterfeit. But the real cost could be more – taking account of undetected counterfeits and the loss of brand ...
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