2017: A Record Year for Counterfeit Goods

Counterfeiting conjures up the Canal Street handbags being peddled at innocent passersby. Or, of the infamous fake Louis Vuitton or Gucci bags that high schoolers wore on their arms like a prize. But, counterfeit goods are a much larger problem. In fact, 2017 showed a record high for seizures of goods that violated intellectual property rights. According to Sourcing Journal Online, customs seized 34,143 shipments of counterfeit goods.

So, what exactly constitutes a violation worthy of confiscation by border patrol? It is making or offering twin products bearing phony trademarks. For instance, a business purposely copying the Adidas trademark on shoes is liable of falsifying. The standard of trademark infringement– probability that buyers will be confused– is plainly obvious in falsifying. The forger’s basic role is to confound (or hoodwink) buyers.

Do it For the ‘Gram

The market is swarming with fakes bearing labels like Gucci, Louis Vuitton, and Dolce and Gabbana, but this is not just an issue with apparel goods. The Zippo lighter has been the objective of monstrous forging. Contingent upon where you are on the planet, the level of phony Zippos can be in the vicinity of 5% and all the way to 50%. The shams in the end cut into deals, by and large making incomes drop by 25% and constraining the organization to lay off 15% of its workers. The major issue with counterfeits is that because of the price tag, people are readily willing to pay for…