Today’s infographic highlights facts and figures around counterfeit goods that are passed off as quality brands, and how this type of activity damages consumers, businesses, and the wider economy.
Fake products pretend to be genuine, including design and packaging, but are inferior in quality ㅡ and unregulated. In 2018, counterfeit goods caused an estimated $323 billion in damages to the global economy. More than 1 in 4 consumers reported unknowingly purchasing non-genuine goods online such as makeup (32%), skincare (25%), supplements (22%) and medication (16%).
Counterfeit goods are bad for consumers and businesses alike 一 know what to look for to avoid harmful fakes
Editor’s Note: The above excerpts* from the original article have been edited ([ ]) and abridged (…) for the sake of clarity and brevity. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.
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