goods
New York (AFP) - Anyone who walks the streets of Manhattan can observe sidewalk vendors hawking counterfeit luxury products. It's big business, really big. Just how big became clear Wednesday when prosecutors announced the "largest ever seizure of counterfeit goods in US history" -- a massive haul of about 219,000 fake handbags, shoes, clothing and other items. "The seizures announced today consist of merchandise with over $1 billion in estimated retail value, the largest-ever seizure of counterfeit goods in US history," federal prosecutor Damian Williams said. Counterfeit goods commonly have ...
AFP
New York (AFP) - More air in that bag of chips? Fewer flakes in your cereal box? You're not imagining it: "Shrinkflation," a tactic used by industry to hide price increases, is back in vogue. Facing the post-pandemic inflationary surge, partly fueled by bottlenecks in global supply and trouble finding workers, companies are under more pressure to deal with rising costs. Consumer advocate Edgar Dworsky, who has followed the phenomenon he calls downsizing for quarter of a century, says he has identified dozens of products in recent months that have seen sneaky price increases. He found goods ran...
AFP
New York (AFP) - The cold snap that gripped the United States in February not only caused chaos in Texas and the southwest, it also triggered a shortage in plastics that has disrupted a supply chain already under strain from a lack of microchips and growing congestion at ports as a result of the coronavirus pandemic. So factories have had to shut their doors and consumers are feeling the crunch. At Toyota, a petrochemicals shortage affected production at plants in Kentucky, West Virginia and Mexico. Honda cited supply chain issues "related to the impact of Covid-19, congestion at various po...
AFP
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