The Cost of Counterfeits

Cheaters never prosper, the old saying goes, but the growth in counterfeit goods might suggest otherwise. Trade in counterfeit and pirated goods has grown from $250 billion annually in 2008 to $461 billion in 2013, according to a new report from the Organization for Economic Co-operation and Development (OECD), an international organization that promotes economic development. Fake goods make up more than 2.5 percent of all world trade.

Other findings:

 

So Trendy

“It’s tough to make predictions, especially about the future.” That Yogi Berra-ism holds true for industry trends as well. Yet predictions are important because businesses, and the infrastructures that support them, need to be prepared to change as the market and technology dictate. They especially need to be prepared for that potential future blockbuster change.  

 

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