India’s leading equipment and solution provider Monotech Systems Limited has introduced JETSCI track and trace solution. Jimit Mittal, vice president, inkjet products and solution says “Global counterfeit market is increasing in almost every industry sector due to lack of effective regulations, be it in cosmetics, pharma, automobile, electronics and other sectors. Pharmaceuticals is the most lucrative business for counterfeiters which is a major concern as it directly relates to the compromise in health and safety of public. Pharmaceutical counterfeiting has been increased to the business of around US$ 200 billion till last few years and it is growing rapidly, Proper regulations with necessary implementation of next generation anti-counterfeiting solutions is much needed to combat the effect of counterfeiting. Many countries have successfully adopted various solutions and regulations to reduce the adverse effect of counterfeited drugs.”
Most of the counterfeiting starts from supply chain irregularities. “JETSCI track and trace solution provides the complete workflow including designing security software, converting and variable data printing lines along with the workflow to track the consumption since manufacturing throughout the supply chain,” said Mittal. Counterfeiting cannot be stopped or omitted completely but we can make best efforts to make the life difficult for counterfeiters by adopting frequently changing processes and strong work flow for track and trace.
According to Monotech, the Jetsci solution(s) workflow can be implemented effectively in any industry sectors be it pharma, automobile, cosmetics, electronics, alcohol and beverages, perishable and non-perishable products and many more. “Other than pharma, the solution is very effective for the tax stamps which adds the value and significant reduction in loss of country’s growth and revenue due to counterfeiting,” said Mittal.
