“This common-sense legislation is critical in helping law enforcement, manufacturers, retailers, and online marketplaces of all sizes work together to protect consumers from bad actors peddling counterfeit and stolen goods,” the letter said.īut that wasn’t always the case. ![]() 16 that urged inclusion of the proposal in the omnibus. Marketplaces like Amazon and Etsy to big box retailers like Target and Walmart to individual brands like Birkenstock and Levi Strauss & Co all signed onto a letter to congressional leaders dated Dec. ![]() The proposal in its final form garnered widespread support in the retail industry. Marketplaces will also have to set up a hotline for consumers to report suspected counterfeit sellers. Critically, residential addresses will not have to be disclosed. State attorneys general will be empowered to enforce the act, as well as the Federal Trade Commission.įurther, sellers that do more than $20,000 in annual gross revenue on a platform will have to provide their name, contact information and address to the marketplace, as well as display it to consumers. Sellers that don’t comply with the authentication rules could be suspended or face legal penalties. The proposal defines “high volume third party sellers” as those that do 200 or more transactions and an aggregate total of $5,000 or more in gross revenues in a 12-month period. The verification process will help protect small businesses from losing out to stolen good sellers, while also adding transparency to the marketplace, Straczewski said. “What this does is it makes it harder for criminal gangs to set up fly-by-night stores online or on online marketplaces and offload stolen merchandise,” said Jason Straczewski, NRF’s vice president of government relations and political affairs. While the Inform Act won’t isn’t likely to curb counterfeit and stolen good sales altogether - NRF supported another proposal to create an interagency task force that didn’t pass this year - supporters say the verification process will help nab bad actors. ![]() And since 2020, Amazon has operated a Counterfeit Crimes Unit that works with law enforcement to target illicit operations. Target executive VP and CFO Michael Fiddle said on the company’s third-quarter earnings call said inventory shortage is a “growing problem facing all retailers, and said it reduced its gross margin by more than $400 million versus last year. The National Retail Federation, which supports the act, said retailers reported a 26.5% increase in organized retail crime this year. But some data indicate the problem is getting worse. Human analysts collect the data and enter it into the Index. It is intended to lead to a shared and objective understanding of crisis severity that can support decisions on the allocation of resources and ensure all people affected by crises receive appropriate assistance.The sales of stolen goods have long plagued e-commerce retailers, particularly from operations that steal large amounts of goods to sell online. The INFORM Severity Index summarises a wide range of already existing, quantitative information about crisis severity and presents it in a format that can be used more easily in decision-making. It aggregates information from a range of credible, publicly available sources, such as UN agencies, governments and other multilateral organisations. It can help identify where and why a crisis might occur, which means we can reduce the risk, build peoples’ resilience and prepare better for when crises do happen. The INFORM Risk Index is the first global, objective and transparent tool for understanding the risk of humanitarian crises and disasters. By working together, we can reduce the investments required by individual organisations, assure the quality of our analysis and make it available for the common good. ![]() This vision involves bringing scientific rigour to the process of analysing crises and pooling expertise to develop shared methodologies. This report sets out INFORM’s vision for a suite of products to support decision-making that are easy to use and open to everyone.
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