What is the MOST counterfeited product in the WORLD? – Ep. 30 [Podcast]
In this week’s episode of Stuff You Should Know About IP, Thomas Colson and Raymond Guarnieri welcome special guest Jayne Durden for a conversation about counterfeited goods. Trademark infringement involves marks used in an identical or confusingly similar way, whereas counterfeiting involves goods that contain identical brands. Sales of counterfeit goods have been linked to money laundering, drugs, and organized crime. Airplane and vehicle replacement parts are more counterfeited than any other group of goods. Sometimes a counterfeit good is only distinguished from a genuine article by subtleties in the packaging, such as where glue spots are placed. Sometimes a counterfeit is of a lower quality than the original. Counterfeiting harms: 1) buyers, because they don’t get the real brand they think they’re getting; 2) brand owners, because consumers believe the low-quality counterfeits were made by the genuine brand; and 3) the public, because unsafe products are unleashed on society. Consumers might buy counterfeit goods, including children’s toys, through online retailers. Customs and Border Patrol handles cases of counterfeit goods like Pokemon cards, golf balls, and Super Bowl merchandise. There are so many brands registered with customs that it can be challenging for law enforcement to keep up. Drugs comprise the second-most counterfeited group of goods, and the World Health Organization has warned that counterfeit COVID-19 vaccines are thought to be entering the global supply chain.