Counterfeiting, fraud and related crimes pose significant challenges to virtually every industry. Listed below are facts and figures that highlight specific challenges that face the manufacturing sector.
- Counterfeit automobile parts cost the automotive supplier industry over $12 billion annually. It’s estimated that if these losses were eliminated, the auto industry could hire 200,000 additional workers.
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The FAA estimates that each year, two percent of the 26 million parts installed on airplanes are counterfeit — the total 520,000 substandard parts create a risk to the safety of the aircrafts.
- Worldwide, 35% of the software installed on computers in 2005 was fake, according to a survey by the Business Software Alliance and the IDC research firm. A 10-percentage point reduction in the worldwide computer piracy rate could add $400 billion to the legitimate global economy. That would generate 2.4 million new jobs, as well as almost $70 billion in tax revenue.
- In a study by the U.S. Chamber of Commerce and the Coalition Against Counterfeiting and Piracy, Ford Motor Company is said to be losing about $1 billion per year due to counterfeit parts sales.
- Counterfeiting and piracy cost the U.S. economy between $200-$250 billion per year