United States, Wyoming, Cheyenne - 05-30-2019 (PRDistribution.com) — Verity | TRUTH MATTERSAmazon has a counterfeit problem and VERITY has the solution for this problem.
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Amazon’s third-party marketplace is full of independent sellers from a business perspective, the system works great for the e-commerce giant: Amazon sits back and collect fees from those sellers, whose sales on the platform continue to grow. In 2017, for the first time, more than half the products sold on Amazon came from those marketplace listings, rather than from Amazon itself it’s causing at a counterfeit problem for Amazon. Some of the independent third-party sellers have been using the marketplace and fulfilled by Amazon (FBA) as an opportunity to sell counterfeit, pirated and out of date products. The pressure on Amazon has been growing as brands such as Apple, Birkenstock and Louis Vuitton have lasted out for not being able to control the problem. Now, Amazon has acknowledged sales of counterfeits and pirated items as a risk in its annual earnings report to investors and the US securities and exchange commission.
SEC Link Below
Under the section of “risk factors” to the business, Amazon says it “could be liable” for the activities of its sellers, and explains:
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