Many companies are facing the double whammy of increased competition from counterfeits at the same time they are struggling with reduced sale stemming from the Consumer and Business Resets.
In 2008, the value of counterfeit goods seized at America’s borders increased by nearly 40 percent over the year before. It fell 4 percent last year — far less than the 25 percent decline in imports overall. The number of counterfeit parts in military electronics systems more than doubled between 2005 and 2008. (Economist, 3/6/10)
Service companies that monitor and track counterfeit goods are benefiting from the proliferation of fakes. Meanwhile, the U.S. Government, which is losing out on tax revenue at a time that it needs all the revenues it can get, appointed its first Intellectual Property Czar last year and is developing a new enforcement strategy.
Eric Zavolinsky
