The U.S. Customs and Border Protection (CBP) reported this week that the value of all seized counterfeit and pirated products for the year ended Sept. 30, 2008, was nearly $273 million, up 38% over 2007 – including a 43% increase in counterfeit electric products. The National Electrical Manufacturers Association (NEMA) reported the news on its Web site. Electrical products represented 8% of all seizures and ranked fifth among all product categories of counterfeit goods.
Footwear topped the list of counterfeit products, with handbags and apparel following. Counterfeit pharmaceuticals saw a dramatic increase in 2008 of 152% over 2007.
Last year I wrote a series of articles on the topic of counterfeits and private label risks; the most interesting fact I …
Distributor Liability and Risk: Number of Counterfeits Seized in 2008 Grows
The U.S. Customs and Border Protection (CBP) reported this week that the value of all seized counterfeit and pirated products for the year ended Sept. 30, 2008, was nearly $273 million, up 38% over 2007 – including a 43% increase in counterfeit electric products. The National Electrical Manufacturers Association (NEMA) reported the news on its Web site. Electrical products represented 8% of all seizures and ranked fifth among all product categories of counterfeit goods.
Footwear topped the list of counterfeit products, with handbags and apparel following. Counterfeit pharmaceuticals saw a dramatic increase in 2008 of 152% over 2007.
Last year I wrote a series of articles on the topic of counterfeits and private label risks; the most interesting fact I …
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Lindsay Young
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