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| Counterfeit Avoidance & Detection |
| According to the International Anti-Counterfeiting Coalition, since 1982, the global trade in illegitimate goods has increased from $5.5 billion to approximately $600 billion annually. Approximately 5%-7% of the world trade is in counterfeit goods. The FBI estimates that counterfeiting and piracy cost the U.S. economy between $200 to $250 billion per year, and has contributed to the loss of approximately 750,000 American jobs. |
 Counterfeit products are a significant issue for supply-side manufacturers and distributors, and customers. Given the complicated nature of the today’s global supply chains - products and raw materials are typically passed multiple times between suppliers, brokers, and wholesalers before they make it to customers - it is not easy to determine where a product or its ingredients originated or if it was handled by an unauthorized trading partner. This counterfeit problem is difficult to remedy, generates negative publicity for the companies and their brands, and can result in litigation and costly recalls. |
| In some markets, new regulations have passed that require trading partners to provide an authenticated pedigree, or chain of custody, of products as they move through the supply chain. This it the case with prescription drugs where details of how the drugs have changed hands through the supply chain are required to be documented in a "pedigree" document. Florida’s drug pedigree law went into effect on July 1st, 2006, and over 30 other states have already enacted similar - or more stringent -pedigree legislation. Other industries such as Aerospace, Automotive, Construction, Electronics and Industrial Equipment have issues with counterfeit parts and assemblies that can lead to safety problems. |
| rfXcel offers a suite of products to assist manufacturers, distributors, retailers, service providers, and customers to detect or avoid counterfeits and improve the safety and security of their products and supply chains. |
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