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Wednesday, April 02, 2014

Printer Supplies in Top 10 Most Counterfeited Products in US

Counterfeit Goods
Computers and accessories were the seventh most counterfeited products last year, 3% of all seized goods in the USA.

FreeP reported on the growing costs of counterfeiting to the US and global economies, with the Organisation for Economic Cooperation and Development (OECD) noting that counterfeited products cost the global economy around $250 billion a year.

The US Customs and Border Protection Agency (USCBP) reported that the value of counterfeit goods seized has actually increased by 38.10% from 2012 to $1.7 billion, with only a "fraction" of all counterfeit products successfully seized. The computers and accessories product category was said to have seen a cumulative seizure value of $47.7 million, with over 1,000 shipments seized last year, a 37.50% higher amount than in 2012.

The top nine product groups that suffer from counterfeiting in the United States meanwhile saw computers and accessories (which includes both printers and printer cartridges) in seventh place, with a 3% share of all counterfeit products seized in the USA in 2013. In ninth place came optical media with 2% of products seized; labels and tags came eighth with 2%; footwear sixth with 3%; and pharmaceuticals and personal care product fifth with 5%.

The top four starts with clothes and accessories with 7%; third was consumer electronics and parts with 8%; second was watches and jewellery with 29% ; and first was handbags and wallets with 40%. The CBP stated that China's role in manufacturing, added to its "intellectual property rights framework", may contribute "to the country's high level of counterfeiting, with $1.2 billion of the $1.7 billion seized in the USA originating in China.

However, it added that "the process and methods of detecting these counterfeiting operations is constantly evolving", with an increased number of seizures last year "explained in part by new collaborative efforts between CBP and various partners" such as China Customs, with the CBP noting that the success has "resulted in a measurable increase in the number and value of seizures and the ability to target and intercept shipments of knock-off products".

Source: The Recycler

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Since 1999 we have been a major supplier of original brand (OEM), compatible replacement and remanufactured Premium Quality inkjet cartridges, laser toner cartridges and other printer supplies. Our customers range in size and include the United States Government, small and large businesses, schools and individuals. Each of our customers is equally important to us and is treated with the same friendly professionalism. Visit us at Price Less Inkjet Cartridge Co.