You may know your customer, but how well do you know your product! #KYP
Based on an OECD report published 2019, global counterfeit alone was estimated to be worth $700 billion USD per year, which roughly equates to 3.3% of all goods traded globally; and this figure is rising year on year!
Without greater transparency in the supply chain end-to-end, Suppliers, Manufacturers, Agents, Distributors, and Merchants remain susceptible to significant risk.
Some of these expensive traps include:
In recent times, the COVID19 pandemic has highlighted the critical health risks brought about by the influx of huge quantities of substandard and counterfeit Personal Protective Equipment.
We believe in promoting a more transparent and democratised supply chain, where products are uniquely and immutably tagged with verification of quality and authenticity, thus enhancing the relationship between all participants of the Supply Chain, in particular the Supplier-Merchant, with the end Consumer.
On Product Tag
Common tagging solutions such as adhesives, stitched labels, plastic loops, and RFID are prone to tampering and counterfeit, and at times expensive and complex to implement.
In Product Tag, Track, Trace and Verify
Our solutions incorporate a novel patented carbon technology, designed to seamlessly integrate/bond with the product or merchandise, as well as the packaging and manifest. Our end-to-end solution is tamper proof, solving a range of different problems such as:
We are currently utilising this technology to fight the COVID-19 pandemic, by assuring a healthy and continuous supply of high quality, authentic and verified PPE, aligned with medical/health services legislation and best practises.