Major initiative launches to combat illicit trade, aims to unite anti-counterfeiting and supply chain innovators

A new private sector initiative, the Transnational Alliance to Combat Illicit Trade, was unveiled this week with a mandate to “stop the significant and growing economic and social damages caused by illicit trade”.​ Director General Jeffrey P Hardy told World Trademark Review that anti-counterfeiting efforts will be just one work stream, with the organisation aiming to foster a cross-sectorial effort against illicit trade in all of its guises.