The Global Impact of Fake Auto Parts & Solutions to Combat their Sale
Recent estimates suggest the annual cost to the automotive industry of counterfeit spare parts has now reached £28 billion.
As well as the obvious safety risks to the end-user, there are enormous costs to a company’s brand value, not to mention the 2.5 million jobs lost globally as a direct result of counterfeiting.
Unsurprisingly, 58% of all counterfeit car parts are purchased online. The explosion of e-commerce has allowed counterfeiters to thrive, often by exploiting trusted online platforms to distribute their goods.
In this paper we will look at the effect counterfeit parts are having on the automotive industry and the role played by e-commerce, the potential safety risk associated with fake parts, and the solutions that OpSec can offer.
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