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Fake Hermès Birkin bags and other counterfeit luxury goods are popular not only with people on a budget, but also with those with deeper pockets, a new study suggests.
Researchers from the National University of Singapore analyzed millions of counterfeit purchases by American consumers from more than 24,000 U.S. zip codes on a major cross-border, e-commerce platform. They found that both lower- and higher-income individuals are “significantly more likely” to buy fake luxury items than middle-income consumers, according to a press release by INFORMS on Monday.
'Ghost ships' are vessels that disappear from public tracking systems, their location manipulated or their digital record misleading. An estimated 65% of outbound tankers crossing the Strait of Hormuz operate in dark mode, reducing visibility and increasing supply chain uncertainty. Misinformation in vessel tracking can cause manufacturing delays, compliance risks and financial losses. Layered verification processes, combining AIS data with other sources and escalation triggers for handling uncertain shipments, can help mitigate risk.
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Jeff Cohen
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INFORMS
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Conventional wisdom suggests that counterfeit luxury goods are primarily purchased by consumers who cannot afford authentic products.
New research published in the INFORMS journal Marketing Science challenges that assumption, finding that both lower- and higher-income consumers are significantly more likely to purchase counterfeit goods than middle-income consumers.
If public companies are increasingly focused on meeting quarterly earnings expectations, what happens to the innovations that require years of investment and patience to develop?
New research published in the INFORMS journal Management Science suggests the answer could have far-reaching implications for businesses, investors and the broader economy. The study found that companies facing greater short-term financial pressures tend to produce fewer breakthrough and novel innovations, the kinds of discoveries that can shape industries for decades.
Consumers often assume that choosing more environmentally friendly products helps reduce environmental harm. New research suggests the reality may be more complicated.
As demand for eco-sensitive products grows, some companies respond in ways that can unintentionally increase sales of older, less efficient products, potentially offsetting some of the environmental benefits consumers hope to achieve.
Many technology startups assume that if they want global success, they need global customers from the very beginning.
New research suggests the opposite may be true.
Startups can improve their chances of succeeding in foreign markets when they first focus on learning from users closer to home.
A new study from INFORMS suggests warehouse robots perform better when they work together instead of operating independently.
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