Recent headlines about counterfeit goods would alarm any supply chain manager (and for that matter, anyone on the planet). Stories involving tainted supply chains are popping up everywhere from the New York Times and Wall Street Journal to industry-specific publications. Instances of fakes range from the more familiar (phony designer handbags and smartphones) to the terrifying (counterfeit, potentially deadly flu medications and cancer drugs).
How great is the threat? What can managers do to ensure the integrity of their supply chains and their businesses? In a recent article in Supply Chain Management Review, experts from Pennsylvania State University—ranked by Gartner as the #1 supply chain university program—evaluate the strength of seven countermeasures that real-world companies are putting in place today.