Digital Track and Trace for Governments
Develop a positive investment climate in your country by tackling illicit trade and protecting brands from counterfeiting.
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What is the cost of illicit trade?
Illicit trade is a global problem that damages economies and threatens the lives and health of civil population.
According to the World Economic Forum, if illicit trade were a country, its economy would be larger than Brazil, Italy and Canada – and as large as Mexico and Indonesia combined.
of world trade is the volume of international trade in counterfeit and pirated products (OECD)
is the total economic damage from illicit trade per year (UN, IMF and other)
11% of Total Global Tobacco Trade Is Illicit
WHO reported that the elimination of illicit tobacco trade worldwide could increase global tax revenues by an estimated US$ 47.4 billion annually.
$8.9 BN Is the Annual Fiscal Loss from Illicit Alcohol
Illicit alcohol creates health risks, unfair competition and massive fiscal revenue loss for governments. Euromonitor reported that 26% of total global alcohol is illicit.
~1 M People Die Annually Due to Counterfeit Medicine
WHO stated that around 1 million people pass away each year due to counterfeit medicine. Most of those people live in Africa, ~200,000 of them die annually because of fake antimalarial medications alone.
How does traceCORE help?
traceCORE Digital Track and Trace for Governments is a centralized software platform controlled by the government that provides information on products’ movements across the supply chain from importation or manufacturing to point of sales.
Secures supply chains
Protects citizens from harmful products
Detects counterfeits and other violations
Fosters fair competition
Enhances excise tax collection
Confronts illegal criminal networks
How does traceCORE work?
- Manufacturers get registered in the system.
- The system provides unique and secure codes.
- Codes are applied to products.
- Any events associated with the product are tracked as the product moves across the supply chain.
- At the checkout, the code is read by the cash register and withdrawn from circulation.
- If the code is absent or faulty, the product will not be sold and a violation will be reported.
- Law enforcement, customs and tax officers can use the mobile interface to validate compliance during field inspections.
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The mobile app empowers consumers and authorities to validate products
By reading the Data Matrix code on the packaging, consumers get detailed information about the product:
- producer
- place of origin
- production date
- expiry date
- ingredients
- quality, eco or halal certificates
- carbon footprint or recycling information
Strong public control through consumer engagement helps the authorities tackle illicit trade.
Key features
35+ product categories available
We can trace any type of product according to governments' needs. Grow the system gradually at your own pace.
Open API for seamless connection
Connectors to most popular systems are available by default. We can also develop connectors to legacy systems and hardware.
Enhanced code security and protection
We have developed a patented system for code protection. The codes are fraud-resistant and impossible to copy.
Built-in consumer engagement mechanics
A powerful consumer app increases system adoption by connecting to customer loyalty and retention programs.
No excessive cost is put on the industry or consumers
We advocate an evolutionary approach to traceability implementation while using new methods without interrupting production or taking on excessive costs.
International and local standards support
traceCORE is fully interoperable and can support both international and local coding standards.
A win-win solution for all stakeholders
Tackling illicit trade is an important objective for governments, legal manufacturers, businesses and consumers.
- Governments collect more tax revenue and customs duties.
- Legal manufacturers are protected from unfair competition, which makes supply chains transparent and attracts investment.
- The system provides valuable data for consumer market control and effective reserve management.
- Legal manufacturers protect their brands and build customer loyalty, which leads to an increased market share and a better brand image.
- There is no more need to frequently audit legal manufacturers which reduces overall administrative burden on business.
- Producers use traceability data to optimize production, logistics, marketing and other processes.
- Traceability facilitates product recall and reduced associated risks.
- Product authenticity is validated at POS, which helps avoid buying low quality and substandard products.
- Customers can make an informed choice of products that comply with environmental, sustainability, fair-trade and halal practices.
Why choose traceCORE?
Revenue growth
Excise tax collection can be increased by 27 to 86% annually depending on the product category.
*based on project results in several countries
Illicit trade reduction
traceCORE Track and Trace implementation can lead to a 30-50% reduction of illegal products in the market
*based on project results in several countries
Sustainability
traceCORE solutions can be used to support sustainability programs such as recycling and carbon footprint reduction.
Safety
Built-in recall and authentication tools lead to better consumer health protection.
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