The counterfeiting of Intellectual Property (IP) is an industry-wide, decades-long problem that not only harms large corporations, but countless numbers of small and medium-sized companies as well. Illicit trade in counterfeit goods, piracy of Intellectual Property, and related transnational criminal activities, compromise the health and safety of consumers and are estimated to cost between 8 and 15 percent of global GDP.
SICPA’s VIP Solutions for your IP Problems
Intellectual Property is at the core of competitiveness, productivity and economic growth. IP infringements erode company value, reputation, revenue and profits. Consumers are left vulnerable to health and safety hazards from substandard counterfeit parts and products. By strengthening IP enforcement and implementing secure solutions to authenticate products, companies can help combat IP theft and abuse.
SICPA’s range of proven and patented invisible authentication solutions are important tools to help safeguard brands and products from the risks and liabilities of the counterfeit industry. During investigations, they provide robust immediate and indisputable authentication and therefore court admissible evidence, allowing the IP team to establish facts that will enable quick and decisive legal actions in full confidence of IP infringement.
SICPA’s solutions also play a vital role in product recall situations, by allowing product authentication at re-entry points in the supply chain, preventing rogue warranty claims, defending the integrity of products and ultimately protecting brand value and safeguarding consumer well-being, therefore ensuring trust.