The U.S. Customs and Border Protection (USCBP) has warned consumers of a spike in counterfeit products this holiday season. In Fiscal Year 2020, the agency estimates the total value of seized counterfeit goods to be nearly $1.3 billion. Experts have predicted that the present supply-chain problems and the resulting shortages will lead to fake goods circulating in the market.
In 2018 according to some estimates, around 4.6 million bottles of Spanish rosé wine made their way into French cafes, hotels, and restaurants disguised as original French rosé wine. The law enforcement agencies and wine industry officials could not do much as the two wine types could not be told apart in packaging and taste. The suspected counterfeiting in the French wine industry was particularly upsetting for wine growers who were looking on helplessly as their income dropped.
The phenomenon of counterfeiting in the cosmetics industry is a problem which is refusing to go away; Beyond its negative impact on the bottom-line of companies in the sector, it also poses a health risk for consumers. As at 2017, the global cosmetics industry was estimated to be worth about $523 billion, and it is projected to be valued at $805 billion by the end of year 2022, growing at a CAGR of 7% per annum.
Malaria appears to be one of the most prevalent diseases across the globe with over 3.2 billion people across 95 countries being at risk. The poor are the most susceptible to this disease, and it appears to be more devastating with the younger demography; This disease is quite common in the tropic regions of Africa, South America and Asia where the correspondent parasite, the female anopheles mosquito thrives.
