Recent studies indicate that global annual sales of counterfeit goods now amount to more than $600 billion, or 5-7% of world trade. OpticalLock enables manufacturers and their customers to ensure the products received are the same products that were shipped.
Counterfeiting is a critical issue when it involves electronic components in an aircraft system, cancer drugs or parts on a civilian or military vehicle. When any of these, or myriad other products, are replaced in-transit by counterfeit goods, the results can be devastating. By employing the OpticalLock, these counterfeit goods will not make it into the supply chain, thereby heading off a potential disaster.
The Role of OpticalLock in Mitigating Counterfeit Goods
Counterfeit goods can enter the supply chain at a variety of points between the originating manufacturing facility and the unloading dock at the container’s destination. OpticalLock provides a high-technology approach that enhances container security by providing verification that the lock has not been tampered with in any way. Patented fiber optic technology ensures that the lock itself cannot be faked, duplicated or counterfeited and real-time alarms provide secure wireless alerting if any tampering of the padlock is attempted. In combination with an inspection to ascertain that the container itself has not been punctured, the OpticalLock provides a high level of assurance that the stored or container goods are in the same quantity and condition that they were at loading and that no counterfeits have entered the supply chain in transit.