Scammers fake it til they make it with bogus goods and were all paying the price

Counterfeiting is popping like that old $2 bill.$500 billion lost yearly in nearly every manufacturing sector.The world is all screwed somewhere — and with fakes.Khedouri Ezair, CEO of QED Vault, focused on digital product passports, proof of authenticity and supply-chain merchandise: “Counterfeiting is a half-trillion-dollar global crisis — roughly $467 billion.

That’s flooding junk in fashion, aerospace, pharmaceuticals, auto parts, electronics, food, cosmetics and probably a partridge in a pear tree.Forget crappy fake handbags.”Safety, economy and supply now so porous it practically invites skunks in for lunch.Here’s what specialists have explained to me: “Counterfeiters are technologic, sophisticated, ruthless.

An e-commerce network, high-end replication tools, and decentralized shipping tactics hustle junk globally, past customs, and hide in plain sight.They copy labels, packaging, bar codes and precision branding.

Even pros get conned.”Told is that the global black market smartens while companies and regulators stay one step behind.We treat counterfeiting like a back-office issue instead of a massive economic and safety threat.Steals revenue from legit businesses.

Erodes trust.Every unsafe fake-o reminds us that weak systems create real consequences.

Supply-chain authentication, product verification and traceability are overdue — no longer optional.If a product’s identified, tracked and verified from origin to end, counterfeiters lose the easy money they depend on.Subscribe to our daily Post Opinion newsletter! Please provide a valid email.

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So that’s where we are.Not baseless, it is happening.

With our country so divided, little if anything will be done.They’re making it easier to make, bake and fake.

If counterfeit economy is worth nearly half a trillion, fighting it should be treated l...