Dear Reader,
Welcome to the 23rd edition of The Holography Times.
Counterfeiting continues to be a major growing issue in the automotive component industry. According to Motor Equipment Manufacturers Association (MEMA), USA the global automotive industry loses US $ 12 billion to counterfeiting. In a 2007 study issued by the US Chamber of Commerce, Ford concluded that counterfeit auto parts cost it roughly US $ 1 billion annually. The Indian scenario is not a different story. According to FICCI – CASCADE latest study (Grey market the invisible enemy) released in 2012, the Auto component industry loses 29.6% of its sales due to grey market, worth US $ (INR 9198 crores out of estimated size of INR 31,046) affecting the growth of economy, loss of jobs, brand owner goodwill as well as to public safety.
The parts that tend to be counterfeited the most are frequent replaced parts such as brake pads, spark plugs, and various types of filters. Now, imagine servicing a vehicle with what you think are high-quality brake pads. But instead of friction material, the pads are made from compressed grass or sawdust. Or imagine installing an oil filter that contains crunched up newspapers or rags and no filter element.
To combat this menace all Stakeholders need to fight at their level. Governments have a particularly critical role to play in this effort. All over world, they are doing their best creating the necessary legal infrastructure, educating police force, developing suitable laws to deter fraudulent behaviour. Businesses, however, must also do their part to prevent the production and sale of counterfeit products.
Our current issue highlights the “Issue of Auto Counterfeiting” and Needs of an effective anti-counterfeiting strategy to combat this problem. Apart from this the issue also covers industry updates including news, patents.
Do send us your feedback/critics at info@aspaglobal.com.
With Best Regards,
C S Jeena
Editor
Lwan0180 亂>luan/lun4 = Disorder, to deal with disorder, to put into order, to...GWROY
luan
亂薍luan
Disorder, confusion, rebellion. To deal with disorder; to bring about order, to bring to completion, the finale of musical performance.
Cf LWAT - to clear off, to gather
Lung4 = to toy with, to manipulate, to play with; to do. (ROOT);
lung4 = to make a fool of; simple, stupid. (PERSON) ~ (HEART)
lung4 = to dupe, to use; to manipulate. (HAND)
lung4 = animal sound, horse whinny, bird call. (MOUTH)
lung4 = a cave; to penetrate, cavernous (EARTH)
`(HEART)
lu3 = cauldron(METAL); windlass, pulley; well-bucket (WOOD) (VEHICLE)
lu4 = a deer; granary; wooded foot of a mountain (DEER)
lu4 = to draw water; to strain. (WATER)
lu4 = at ease, relaxed; flexible. (HEART)
lu4 = to take, to shake; excited. (HAND)
lu4 = a net. (NET)
lu4 = a box, a basket (BAMBOO)
lu4 = wooded foot of mountain; piedmont; a fprester. (WOODS)
Lo0070 . luo >lu3 = dull, blunt; a shield. [魯］（ROOT)GWROY
lu3 = a watch-tower; an oar. (WOOD)
lu3 = to pout, to flatter. (MOUTH)
lu3 = yak hair cloth; rough serge. (HAIR)
lu3 = to shift, to change; movement. (HAND)
lu3 = long oar of helms; a poop-deck. (BOAT)
Dear Reader,
Welcome to the 23rd edition of The Holography Times.
Counterfeiting continues to be a major growing issue in the automotive component industry. According to Motor Equipment Manufacturers Association (MEMA), USA the global automotive industry loses US $ 12 billion to counterfeiting. In a 2007 study issued by the US Chamber of Commerce, Ford concluded that counterfeit auto parts cost it roughly US $ 1 billion annually. The Indian scenario is not a different story. According to FICCI – CASCADE latest study (Grey market the invisible enemy) released in 2012, the Auto component industry loses 29.6% of its sales due to grey market, worth US $ (INR 9198 crores out of estimated size of INR 31,046) affecting the growth of economy, loss of jobs, brand owner goodwill as well as to public safety.
The parts that tend to be counterfeited the most are frequent replaced parts such as brake pads, spark plugs, and various types of filters. Now, imagine servicing a vehicle with what you think are high-quality brake pads. But instead of friction material, the pads are made from compressed grass or sawdust. Or imagine installing an oil filter that contains crunched up newspapers or rags and no filter element.
To combat this menace all Stakeholders need to fight at their level. Governments have a particularly critical role to play in this effort. All over world, they are doing their best creating the necessary legal infrastructure, educating police force, developing suitable laws to deter fraudulent behaviour. Businesses, however, must also do their part to prevent the production and sale of counterfeit products.
Our current issue highlights the “Issue of Auto Counterfeiting” and Needs of an effective anti-counterfeiting strategy to combat this problem. Apart from this the issue also covers industry updates including news, patents.
Do send us your feedback/critics at info@aspaglobal.com.
With Best Regards,
C S Jeena
Editor
Lwan0180 亂>luan/lun4 = Disorder, to deal with disorder, to put into order, to...GWROY
luan
亂薍luan
Disorder, confusion, rebellion. To deal with disorder; to bring about order, to bring to completion, the finale of musical performance.
Cf LWAT - to clear off, to gather
Lung4 = to toy with, to manipulate, to play with; to do. (ROOT);
lung4 = to make a fool of; simple, stupid. (PERSON) ~ (HEART)
lung4 = to dupe, to use; to manipulate. (HAND)
lung4 = animal sound, horse whinny, bird call. (MOUTH)
lung4 = a cave; to penetrate, cavernous (EARTH)
`(HEART)
lu3 = cauldron(METAL); windlass, pulley; well-bucket (WOOD) (VEHICLE)
lu4 = a deer; granary; wooded foot of a mountain (DEER)
lu4 = to draw water; to strain. (WATER)
lu4 = at ease, relaxed; flexible. (HEART)
lu4 = to take, to shake; excited. (HAND)
lu4 = a net. (NET)
lu4 = a box, a basket (BAMBOO)
lu4 = wooded foot of mountain; piedmont; a fprester. (WOODS)
Lo0070 . luo >lu3 = dull, blunt; a shield. [魯］（ROOT)GWROY
lu3 = a watch-tower; an oar. (WOOD)
lu3 = to pout, to flatter. (MOUTH)
lu3 = yak hair cloth; rough serge. (HAIR)
lu3 = to shift, to change; movement. (HAND)
lu3 = long oar of helms; a poop-deck. (BOAT)
