US Customs Warns Shoppers over Black Friday Counterfeits

US Customs Warns Shoppers over Black Friday Counterfeits

2018/11/30

The US Customs and Border Protection (CBP) has warned consumers that some deals online may be too good to be true as shoppers search for bargains on Black Friday and Cyber Monday. In a statement released on November 21, the CBP said that the number of unscrupulous manufacturers and sellers peddling fraudulent products has increased over the past decade as the volume of online shopping has risen. According to Statista, online sales revenue on Black Friday has risen from $534 million in 2008 to $2.36 billion in 2017. Figure of 2017 represented a 19.7% increase from that of 2016. Highlighting that pushing fake products online is big business, the CBP said that it seized 4,820 counterfeit iPhone parts at the Port of San Diego which would have been worth $222,113 had they been genuine. The CBP went on to discuss some of the problems with fake products, such as electronics that can overheat due to improper manufacturing processes, bicycle helmets that can break upon impact, and cosmetics that can lead to skin reactions.

Source: WIPR




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It is lucky for Chen Jun to began his career in the IP industry 14 years ago when the first group of IP managers for businesses appeared on the stage in China and he has been in the industry.

It was this “Whampoa Military Academy” for IP that educated China’s first batch of corporate IP management personnel. Many of these engineers left Foxconn in the years since.