On Cyber Monday 2012, consumer spending mushroomed to $1.5 billion in online sales, with experts forecasting even more growth in 2013. Unfortunately, illicit websites offering counterfeit goods that appear identical to the genuine products are also growing exponentially, duping holiday shoppers into buying shoddy and sometimes downright dangerous products. The U.S. Chamber of Commerce’s Global Intellectual Property Center, which represents a large cross-section of the world’s most innovative and creative businesses, is issuing a consumer safety alert and tips for consumers to avoid purchasing these dangerous fakes.
ABC 12 – WJRT – Flint, MI In case you were distracted over the past few weeks, the GIPC held its 2013 Global IP Summit, which delved into IP issues facing businesses, economies, and consumers. The latter category served up some of the most dangerous issues of the day: protecting the public from counterfeit medicines.
Imagine the U.S. economy minus the entire state of New York. While such a reality may be to New Jersey’s or the West Coast’s delight, the economic impact stemming from a state the size of New York adds to the U.S. economy as a whole, producing huge contributions to national exports, GDP, and jobs.
Anytime you base your business model on the fashion whims of teenagers, you know it’s going to be a rough ride, admitted Osiris Shoes President and CEO Tony Chen.
But what Chen didn’t expect was to have to fight a continuous, global battle to protect his innovative designs.