VDMA7.3 billion euros in losses due to product piracy
Product piracy and know-how theft continue to cause considerable damage to German machine and plant manufacturers. China remains the biggest counterfeiter by a wide margin. The VDMA presented the latest figures on this at the Hannover Messe 2018.
© VDMA
... the sale of counterfeits via B2B platforms on the internet has increased sharply - from 28% in 2016 to 40% now.