Iso I'm currently at a conference about security throughout the world and what this means to company's and the implimlamincatlions it has on companies. It's not just the theft of product or the counterfeiting but the brand name that also gets damaged which in the long run can be more costly than the loss of product itself. Many of the people here are in the security and new Tech products that help the company's get better visibility of where their product is and if their product has had unauthorized deviations during the delivering of their product. What does this mean for PM's?
There are many things I'm not at liberty to discuss but new technology and anti-counterfeiting measures that are being taken very serious by the government here and abroad. Items like security seals (plastic, cable and bolt) as well as security tapes like the ones on some government tubes use that have serial numbers and show that the product hasn't been manipulated in a certain way are ways that are presently being done. However, what's to come will amaze the masses and give a variety of industry's and company's like Walmart, U.S. mint and the DoD a way to trace everything at all times
One of the speakers today discussed the black market and how you are able to see the market as its transparent and is illegal in every sense.
The other market is the "grey market" which is the market that trades commodities whether it's TV's or bullion through a distribution network of channels which are technically legal as its unintended to sell fake or counterfeit items but nevertheless are. The unofficial and unauthorized selling through middlemen or distributors like eBay, alibaba or other websites that resell this product and don't understand they are part of this "grey market". Or just don't care.
All I can say is that there are measures in place starting now that in conjunction with cyber security teams will be tasked with uncovering and more importantly verifying products sold through distributions. So that these distributors can't calim that they didn't know. Your probably thinking " how does eBay know" what users are selling as its a product that is out of their control because it comes from a certain seller to a buyer. All they do is facilitate the sale for a price. Where'as places like Amazon and other distributors will be more heavily scrutinized under some new processes and global supply chain security mandates that they will be responsible for. This will not happen overnight but trust me when I say that sites that reside and distribute in the U.S. Will be responsible for the final product that ships out.
I applauded this new measure and with that the understanding that the days of counterfeit transparency are taking a new avenue as we get more technologically advanced.