Date: May 14, 2020
FFMI RELEASES NEW VIDEO ON COUNTERFEITERS ON AMAZON AMID COVID-19 PANDEMIC
“FFMI Explains” Video Features Former Amazon Seller And E-Commerce Expert Discussing How Amazon’s COVID-19 Policies Are Opening The Door To Counterfeiters
The Free & Fair Markets Initiative today launched a new episode of its video series “FFMI Explains,” which provides expert commentary on how Amazon is responding to the coronavirus pandemic and the implications that its new policies on essential goods is having for sellers on the platform.
The latest episode — titled “Amazon During COVID-19 — Beware the Counterfeits!” — features Jason Boyce, founder and CEO of Avenue7Media and former Top 200 Amazon Seller discussing how Amazon has allowed counterfeits to run rampant on its platform amid the COVID-19 crisis.
“Amazon has made it much harder for honest sellers to stock their inventory in Fulfilment By Amazon centers during this pandemic, which has hurt their sales as well as their listings placement on its search results pages,” said Boyce. “When third-party sellers are out of stock, it can greatly push them down in search results. It also opens the door for counterfeiters to attach fake and potentially unsafe products to their listings which can permanently damage their listings with bad reviews or an increase in returns. Each permanently damages future prospects for Amazon Sellers.”
“Amazon needs to do more when it comes to policing its platform and make sure Sellers and consumers are protected from these bad actors.”
Previous episodes of “FFMI Explains” featured EconOne managing director and Georgetown University adjunct professor Hal Singer discussing antitrust concerns surrounding Amazon’s private label practices, as well as Boyce discussing how sellers are being unfairly punished by Amazon’s essential product policies amid the COVID-19 pandemic.
Upcoming episodes of “FFMI Explains” will include Singer, Boyce and other industry experts discussing emerging issues on Amazon’s marketplace amid the coronavirus crisis, including issues regarding unauthorized selling and diversification of e-commerce sales.