Amazon sees further progress in the fight against the sale of counterfeit products on the platform. More than 6 million items have been seized and thrown away in the past year, the world’s largest online retailer said in a report published Tuesday. The year before, about 3 million counterfeit products had been stopped.
At the same time, Amazon recognizes that its measures have a deterrent effect. The number of accounts that “actors with bad intentions” want to create is falling. In 2020, Amazon stopped 6 million such attempts, in 2021 there were about 2.5 million and last year only 800,000. Amazon manager Dharmesh Mehta stressed that further data showed that there was indeed a decline in activity.
Amazon not only sells goods itself, but also acts as a platform for other retailers – product counterfeiters often try to use this as a gateway. That is why the group expanded the checks when setting up a dealer account, among other things. In addition, 8 billion changes to product listing pages are automatically checked for signs of abuse every day.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
