SHIELD YOUR ASSETS: COMBAT SPARE PARTS FRAUD FOR EQUIPMENT, BUSINESS, AND CUSTOMERS!

A study conducted by the OECD and the EU Intellectual Property Office (EUIPO) revealed that counterfeit and pirated goods represented approximately 2.5% of global trade in 2019. According to the US Chamber of Commerce, the global economy suffers losses exceeding $500 billion annually due to counterfeit products.

These issues pose significant challenges to economies, intellectual property protection, and the encouragement of innovation.

However, in the realm of industrial machinery and applications, the concern shifts to human safety, as counterfeit spare parts prioritize profit over reliability.

The Konecranes team frequently conducts online searches for spare parts for Konecranes Lift Trucks, particularly focusing on high-wear consumables like filters, sensors, and other frequently replaced components. They often encounter numerous sellers offering imitation versions labeled with the same part number. “They are quite good at search engine optimization,” says Johan Kårhammer, Global Spare Parts Operations Manager. “Customers think they are ordering and paying for genuine spare parts, but get cheated on price and quality.”

This article originally appeared on: blog.kclifttrucks.com

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