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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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The United States and South Korea announced its first case of coronavirus on the same day. In the following months South Korea has been widely praised for its response as life has largely returned to normal.
Andrew Revere Sr. flew to Cincinnati last week, visiting his fifth airport since March. His American Airlines flight marked the first time he was told to wear a mask. “I don’t want to make anybody uncomfortable. So, if they say to wear a mask then I’m going to put it on,” said Revere, an Atlanta resident who played pro football in Mexico until the coronavirus pandemic put an end to his season on March 14.
Lockdowns implemented in some countries to reduce transmission of the coronavirus were extremely effective at controlling its rapid spread and saved millions of lives, two new studies suggest. Shutdowns prevented or delayed an estimated 531 million coronavirus infections across six countries — China, South Korea, Iran, Italy, France and the United States — researchers from the University of California, Berkeley report June 8 in Nature.
The great challenge of something such as COVID-19 is that we don’t have the time to do decades of research to understand the effectiveness — or lack of effectiveness — of any given approach. We have to act. That means, though, that we could be “successful” at handling COVID-19 yet still fail society due to unmeasured impacts.
Christopher Tang, professor at UCLA's Anderson School of Management, describes what it will take for hospital and healthcare supply chains to recover from the COVID-19 pandemic. COVID-19 was a “wakeup call” for supply chains, Tang says. A nation that ostensibly has an abundance of materials discovered that it could be subject to serious shortages of critical supplies needed to fight a pandemic, such as personal protective equipment and ventilators. “We need to rethink how we can do better,” he says.
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