Number of bad listings on Amazon has been dramatically reduced, preventing over 4 billion in 2021 alone.
This is the second annual report from Amazon, and it’s promising! They say that they’ve gotten rid of more than 3 million fake products last year. With such a large number removed from their site in just one day alone- how can we not be excited about this progress?
There have been some big changes for them recently: first came increased pressure on addressing counterfeit items before finally announcing plans to open new distribution centers abroad (something many predicted). Now with 4 billion bad listings prevented altogether AND countless numbers expunged by way lesseners like us.
The results, released Wednesday by Amazon were mixed compared with 2020 when they blocked 10 billion listings and got rid of 2 million phony products. The Seattle-based eCommerce juggernaut also saw a decrease in complaints about intellectual property infringement while growing the number active brands on its site.
From 2021 to now, Amazon has made a lot of changes that have impacted their customers. The e-commerce giant launched new products and services while still blocking 10 billion product listings as well getting rid or removing 2 million fakes from our shelves! They also saw an increase in complaints about intellectual property infringement but overall these are good signs for both parties involved because it means they’re doing something right if there’s more interest than ever before.
There are a lot of factors that could have caused these declines, but it’s hard to know for sure. One possible explanation is Amazon’s policies or another external force like competition from traditional retailers
The decline in e-commerce sales may not just be due the rise of other companies such as Walmart and Target who offer more competitive prices on items people buy online instead – there might also exist some sorta negative reaction against big tech firms when they start taking over our lives by maintaining all data about us without any consent at whatsoever.
Counterfeiting has long plagued Amazon and other e-commerce retailers, including eBay. And in recent years amidst heightened scrutiny from brands and lawmakers pushing for anti counterfeit legislation; they have stepped up efforts to fight it as well with a number of initiatives such as requiring all third party sellers on their site be verified which helps protect customers against obtaining fake products through false supplier listings.
Amazon backs the House version of an online retail bill, which would require high-volume sellers on its site to provide contact and financial information. This is in addition to what they are already doing by law; however there were some concerns raised when it came time for passage that this might cause problems with other companies such as Etsy or Ebay because those sites don’t have actual lists containing names but rather codes representing people who sell goods through them (so you cannot actually go onto those websites yourself). The INFORM Act aims at solving these issues while still protecting consumers’ right
A recent change brought about two opposing viewpoints: one group supporting more transparency between buyers/sellers.
TechNet, a group that includes Amazon and eBay among its members is pushing back against another bill which would make e-commerce platforms liable for counterfeit goods sold on their site. A Microsoft spokesperson said in an emailed statement “we support efforts designed to protect intellectual property rights” but added they are concerned about how this particular piece of legislation might impact small businesses with limited budgets who sell items without verifying authenticity first hand.”
Amazon is working hard to make sure that the people who are selling on their site have legitimate accounts. They do this by requiring one-onone conversations with team members and verifying sellers’ physical locations as well as payment instruments; leveraging machine learning for risk detection tools which will help them ensure only high quality products come through these crosschecks.
Last year, the company said it spent more than $900 million to push back against fraud, and sued — or referred — more than 600 sellers for investigation in the U.S. and other places like China. Amazon did not reveal in the report the source of most counterfeit products, but China has been a sore spot. And the company won’t share data that helps it detect and prevent phony products from showing up on its site, said Mary Beth Westmoreland, Amazon’s vice president of brand protection.
The China-based sellers on Amazon’s third-party market are being bombarded with new restrictions and regulations, which has caused their share of top positions to steadily decline. The company recently suspended several prominent merchants as they try harder than ever before for quality assurance in order not only maintain but also grow its user base by providing an authentic experience from start – through purchase and reportedly kicked off 50,000 merchants for violating its rules.
After being gap for two months, the number of domestic businesses on Amazon’s U.S marketplace has reached 55%. It was 48% in November 2020 and now it increased to almost double.
July 22, 2022
About the Author:
Nick Uresin is the Founder and CEO of ArgoMetrix, a New York based software and consulting company established in 2013. Nick is an Entrepreneur, Electronics, Communications and Computer Science Engineer, who has a passion for problem solving with technology. Nick built an online retail company with annual revenues of over $10 million. He developed his vision to organize the knowledge and technology he developed to become a large Amazon Seller and provide it as a service to manufacturers and sellers of consumer products. Let's get social! Follow us and get ArgoMetrix's latest updates on Twitter, Facebook or LinkedIn.
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