HOW SERIOUS ARE THE COUNTERFEIT ISSUES IN THE FASHION INDUSTRY?
|
Paris is one of the most renowned fashion cities in the world. Most of the designers have identified China as the largest producer of counterfeits in the world. Most of the Chinese companies are famous of infringing intellectual property rights of other businesses.
People have different opinions when it comes to effects of counterfeits. Some think it is a criminal act that should be identified as theft. This group of people argues that fashion design and creative is personal assets and stealing such an asset, it will cripple the original designer and kill his or her morale. On the other hand, there are those experts that think counterfeits have a positive impact in the industry through forcing the brand to improve to surpass the counterfeits. |
Clearly, designers cannot develop their brands when most of their profits generated through designing go in the hands of fakers. Money is one of the factors of motivation, and if our designers cannot be fully motivated through a proper return, I am afraid fashion industry will not be creative as we expect it to be.
Simulation has significant economic effects in the fashion industry worldwide today. Market experts believe that counterfeits of apparel and accessories lead to a loss of an estimate of 26.3 billion Euros. This costs around 363000 jobs globally across retail, manufacturing and wholesale sectors. These losses have bigger adverse effects let alone in the fashion industry. If such losses lead to the loss which then leads to less production, this means that fashion industry will buy few raw materials, and the chain goes on. Counterfeits can make a bad economy.
Simulation has significant economic effects in the fashion industry worldwide today. Market experts believe that counterfeits of apparel and accessories lead to a loss of an estimate of 26.3 billion Euros. This costs around 363000 jobs globally across retail, manufacturing and wholesale sectors. These losses have bigger adverse effects let alone in the fashion industry. If such losses lead to the loss which then leads to less production, this means that fashion industry will buy few raw materials, and the chain goes on. Counterfeits can make a bad economy.
Image credit: The Dielin
Every other person needs to look attractive and attractive when in a crowd of individuals. With fashion, we all fulfill our own desires to look good. To make that our designers continue to make classic and presentable work, we need to come together and help fight counterfeits. By deciding not to buy counterfeits regardless of how cheap they are, we will win this tough battle and help our industries to grow. A human being cannot live without fashion; it is part of our lives and each day we need new designs. To have a gorgeous collection of designs and fashion, we need original designers and not counterfeiters.