Technology is multi-billion dollar industry in 2017 and spans everything from scientific creations like the Large Hadron Collider to the screen you’re reading this article on right now. With such a wide variety of different products and equipment on offer these days, you can imagine there are just as many suppliers. How do you know which suppliers to choose?
The goal, when it comes to tech at least, is to find something that:
- Carries out the tasks or performs the service you want it to.
- Works consistently over a long period of time.
- Is legitimately manufactured using high-quality materials.
There’s big money to be made in producing knock-off technology and electrical products on the cheap and selling them as if they were the legit product they are trying so badly to imitate. In the year 2015 alone, it is estimated that the value of all counterfeit goods was around the $1.77 trillion mark, a staggering amount.
Not only does the process of manufacturing and selling knock-off goods hurt the consumer by providing them with a worse user experience, it also costs legitimate companies thousands and sometimes millions each year. The effect hits businesses in the pocket so badly that law firms dedicate whole teams to intellectual property law, so you know this is a big deal.