For American manufacturers and brands, two massive forces are exacerbating the counterfeiting dilemma. First, the People’s Republic of China (“PRC”), long known for creating knock-offs of popular American brands, is producing more fake products in the internet age than ever before. According to an annual report produced by the U.S. Customs & Border Patrol, along with the U.S. Immigration and Customs Enforcement’s Homeland Security Investigations, of all the counterfeit products seized worldwide in 2015, over half were shipped from the PRC.[i] If you include Hong Kong, that number jumps to 87%.[ii]
The second negative force is one of America’s largest and most beloved retailers – Amazon.com. Through a variety of controversial business tactics, the company is thought to be increasing the number of counterfeit products being sold in the United States on a massive scale.[iii] In particular, recent business maneuverings by Amazon have opened the floodgate for counterfeits from China. The impact of these imposter products on American business cannot be overstated. Amazon is currently the largest online retailer in the nation, boasting roughly $100 billion in sales in 2016. To read the rest of this article you can go here.