Buyer, beware! Amazon has a problem

Amazon is getting a lot of negative attention for its failure to address fake and unsafe products from third-party sellers. How much do you trust that you will get what you expect when placing an order? #technology #retail

Will Amazon experience a Facebook moment soon? As #platforms are increasingly made accountable for the content they list, the platformdividend.com is under further pressure.

Great read, thank you! This is not good for consumers (transparency matters!) and it will hurt Amazon in the long run. Better for Amazon to tackle this now by using digital technologies that will enable transparency in sourcing and above all provide informed choice to consumers... #accountability #consumers #transparency https://lnkd.in/fTzK6BP

?? From today’s The Wall Street Journal ?? “AMAZON HAS CEDED CONTROL OF ITS SITE. The Result: Thousands of Banned, Unsafe or Mislabeled Products” Amazon is a high-profile example, but they are not alone. Product fraud is running rampant in B2C and B2B supply chains. ?? Aircraft parts ?? Auto parts ?? Pharmaceuticals ?? CPG products ?? Electronics ?? …and many more! This is an urgent problem. And it is totally solvable. ?? Supply chain professionals need to develop a strategy around Supply Chain Provenance, and implement new authentication tools such as SecureMarking, iTRACE Technologies, Inc., and DUST Identity! More from the WSJ story… "In practice, Amazon has increasingly evolved like a flea market. It exercises limited oversight over items listed by millions of third-party sellers, many of them anonymous, many in China, some offering scant information." “A Wall Street Journal investigation found 4,152 items for sale on Amazon.com Inc.’s site that have been declared unsafe by federal agencies, are deceptively labeled or are banned by federal regulators—items that big-box retailers’ policies would bar from their shelves.” #SupplyChain #Business #SecureMarking #MrSupplyChain #scm4dummies

?? From today’s The Wall Street Journal ?? “AMAZON HAS CEDED CONTROL OF ITS SITE. The Result: Thousands of Banned, Unsafe or Mislabeled Products” Amazon is a high-profile example, but they are not alone. Product fraud is running rampant in B2C and B2B supply chains. ?? Aircraft parts ?? Auto parts ?? Pharmaceuticals ?? CPG products ?? Electronics ?? …and many more! This is an urgent problem. And it is totally solvable. ?? Supply chain professionals need to develop a strategy around Supply Chain Provenance, and implement new authentication tools such as SecureMarking, iTRACE Technologies, Inc., and DUST Identity! More from the WSJ story… "In practice, Amazon has increasingly evolved like a flea market. It exercises limited oversight over items listed by millions of third-party sellers, many of them anonymous, many in China, some offering scant information." “A Wall Street Journal investigation found 4,152 items for sale on Amazon.com Inc.’s site that have been declared unsafe by federal agencies, are deceptively labeled or are banned by federal regulators—items that big-box retailers’ policies would bar from their shelves.” #SupplyChain #Business #SecureMarking #MrSupplyChain #scm4dummies