(ANSI: New York) -- With an estimated effect on 2 to 7 percent of all world trade, counterfeiting is one of the fastest-growing and farthest-reaching economic crimes. Each year, $200 to $600 billion of illegitimate business is conducted across all industries—from pharmaceuticals and consumer products, to financial instruments and machine parts. Currently, manufacturers rely upon their own industry-unique solutions to manage the counterfeiting challenge with varying levels of success. But for organizations that operate many different product lines, a more robust and effective cross-sector focus is needed.

To help define and address the need for cross-sector anticounterfeiting solutions, the American National Standards Institute (ANSI) held a Joint Member Forum (JMF) on April 14, entitled “Workshop on Anti-Counterfeiting Standards and Conformance Measures: Developing a public-private partnership for addressing gaps in the global supply chain.”

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