In 2016, a statistic regarding product authenticity in Nigeria caught my attention. It revealed a concerning reality – a potential 80% of products sold could be counterfeit. As a professional in the logistics and procurement industry, and someone who values informed consumerism, this prevalence of inauthentic goods sparked a deep concern. While the exact figures may have shifted in the years since, the issue of counterfeit and substandard products undoubtedly persists.
This concern is echoed on a global scale. A 2017 report from Frontier Economics, drawing on OECD data, projected a significant rise in the international trade of counterfeit and pirated goods, reaching an estimated $991 billion by 2022. This staggering figure nearly doubles the $461 billion reported in 2013.
The ramifications of these projections became tragically clear by 2019. The Global Counterfeiting & Trademark Infringement Report revealed the total counterfeiting market surpassing expectations, exceeding $1.2 trillion. Further emphasizing the severity of the situation, 2020 statistics estimated losses due to counterfeiting of high-end consumer goods at a staggering $98 billion, impacting both online and offline sales. These figures paint a concerning picture of a global landscape where legitimate brands struggle to maintain market share due to rampant counterfeiting.
Beyond the financial implications, the risks associated with counterfeit products extend far deeper. Substandard materials and manufacturing processes can pose serious health and safety hazards, potentially leading to detrimental consequences.
Fueled by this growing concern and a desire to empower both individuals and companies, I felt compelled to take action. Holan Integrated Services Limited, founded in 2024, represents a commitment to providing a trustworthy and reliable procurement and logistics service. Our core objective is to eliminate the risks associated with acquiring counterfeit goods, ensuring that clients receive authentic, high-quality products. Through meticulous sourcing directly from manufacturers or their authorized representatives, coupled with rigorous verification processes, we strive to be the brand synonymous with genuine goods. HolanSL stands not just as a business, but as a testament to integrity, quality, and prioritizing the safety of our valued clients.
