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Third, and perhaps most important for supply chain managers to consider in the short to medium term, is the pervasiveness of uncontrolled illicit trade of counterfeit and knockoff goods in the supply-and-demand markets. The manufacture and sale of counterfeit finished goods has exploded over the past two decades. It is expected to continue in the future due to lack of customs enforcement in combination with lax intellectual property laws in many low-cost-labor nations where manufacturing occurs. In 2009, the U.S. value alone of fraudulent finished goods was over $260 million, across a wide variety of sectors, from footwear to electronics to jewelry.27 The following year the Office of U...