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RedCloud CEO Justin Floyd Advocates for Open Commerce and AI to Combat Counterfeits

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A study reveals 60% of Amazon products are counterfeit, with 43% of reviews being fake. SMBs are hit hardest. Justin Floyd, CEO of RedCloud, advocates for Open Commerce and AI to combat counterfeits and restore trust. Counterfeits pose economic and health risks, funding crime. RedCloud’s platform ensures product authenticity, connecting FMCG brands with reliable partners.

LONDON, May 28, 2024 /PRNewswire-PRWeb/ — Studies have concluded that up to 60% of products sold on Amazon may be counterfeit (1), and 43% of product reviews for Amazon’s best-selling products are fake. (2) Most third-party sellers on Amazon are small and medium-sized businesses (SMBs), accounting for 60% of Amazon’s sales in 2023. (3) With $2 trillion worth of counterfeit products sold each year, (4) how can SMBs be sure that their inventory is what their supplier says it is? Who can they trust? Justin Floyd, Founder and CEO of RedCloud, suggests, “With a combination of Open Commerce, AI, smart technology, and small businesses working together, the blight of poor quality and often dangerous knock-offs could disappear over the next decade. Now is the time to bring trust back into trade.”

“With a combination of Open Commerce, AI, smart technology, and small businesses working together, the blight of poor quality and often dangerous knock-offs could disappear over the next decade. Now is the time to bring trust back into trade.” – Justin Floyd, CEO of RedCloud

A study by Markmonitor reports that 47% of brands are losing revenue due to counterfeit products, with one-third experiencing a drop of 10% or more. Fifty-eight percent of the companies interviewed believe things will get even worse as counterfeiters become more sophisticated and the high cost of living forces consumers to seek out cheaper goods and services. (5) Fast-moving consumer goods (FMCGs), such as clothing and health and beauty products, are the bread and butter of online sales. Apparel is the world’s top-selling commodity. According to a survey by Michigan State University, clothes and shoes are the most counterfeited items in the retail supply chain. (6)

Combatting the scourge of bogus consumer products is truly a matter of life and death. Among the most dangerous counterfeit items are pharmaceutical, baby, cosmetic, automotive, alcohol, and food products. (7) The consequences of counterfeit products can be catastrophic as they are unregulated and not subject to any health and safety standards. Many fake products contain carcinogens and other harmful substances and chemicals that could pose serious health risks, even death. A laboratory study of counterfeit goods by the American Apparel and Footwear Association (AAFA) discovered that 36.2% of the items tested contained alarming levels of arsenic, cadmium, phthalates, and lead. (8)

It’s an endless loop of cause and effect. The more consumers buy fake products, the more fake products are manufactured. Floyd warns, “The dangers of tolerating and even encouraging this vicious cycle are incalculable and infinite. We must do something about this now, not three years from now.”

Getting to the bottom of this counterfeit quagmire requires clearly identifying exactly where these products are coming from. Despite recent efforts to crack down on fake merchandise in the online retail space, there are too many vulnerabilities along the eCommerce supply chain to prevent future iterations of temporarily sidelined counterfeiting cartels. RedCloud is a pioneer in Open Commerce, the second generation of eCommerce, utilizing deep tech software like Artificial Intelligence to pinpoint the source of fake products. RedCloud’s Intelligent Open Commerce Platform helps FMCG brands, distributors, and local merchants connect with trusted trading partners along the supply chain, ensuring that all products have been vetted for quality and authenticity.

SMBs spend years building their brand’s reputation, which can be destroyed in an instant by a predatory supplier of counterfeit goods. Open Commerce treats the cause, not the symptoms, by guaranteeing the integrity of every trade partner. Floyd attests, “By investing in technology and signing up with an Open Commerce environment, businesses can be confident that they are buying genuine, high-quality products from the right sources at the right price.”

About RedCloud
RedCloud Technology, founded in 2012, stands as a “Rebel Alliance,” leading a bold, second-generation e-commerce transformation. Rejecting the high fees of tech giants, RedCloud leverages AI-driven supply chain solutions to empower smaller businesses, giving them the tools to compete with major corporations. Their democratized, cloud-based platform provides real-time financial visibility, offering a level playing field that breaks free from the dominance of conventional marketplaces. RedCloud embodies a fairer, more inclusive digital commerce future where Davids can stand tall against Goliaths. For more about RedCloud Technology visit their website at https://redcloudtechnology.com/.

References:
1. Matcha, Vidyullatha. “Amazon Counterfeit Products: Everything You Need to Know.” LinkedIn, 31 Jan. 2024, linkedin.com/pulse/amazon-counterfeit-products-everything-you-need-know-matcha-w6mpc/. 
2. Millions of Amazon Reviews Fake, Study Finds, cybernews.com/security/millions-amazon-reviews-fake/. Accessed 14 May 2024.
3. Babcock, Stephen. “60% of Amazon Sales Are Generated by Third-Party Sellers.” The Current, The Current, 25 May 2023, thecurrent.media/amazon-third-party-sellers.
4. “$2 Trillion Worth of Counterfeit Products Are Sold Each Year. Can Ai Help Put a Stop to It?” CBS News, CBS Interactive, cbsnews.com/news/ai-counterfeit-detection-amazon/. Accessed 14 May 2024.
5. Lg. “How Does Counterfeiting Affect Brands?” Potter Clarkson, potterclarkson.com/insights/how-does-counterfeiting-affect-brands/. Accessed 14 May 2024.
6. Person. “MSU Survey: 7 in 10 Consumers Deceived into Buying Counterfeit Products Online.” MSUToday, 19 Oct. 2023, msutoday.msu.edu/news/2023/msu-survey-7-in-10-consumers-deceived-into-buying-counterfeit-products-online#:~:text=Clothes%20and%20shoes%20%E2%80%94%20the%20most,harmful%20chemicals%20such%20as%20lead.
7. Chekkit Technologies. “6 Most Dangerous Counterfeit Products – Chekkit Blog.” Chekkit Technologies, 26 Nov. 2022, chekkitapp.com/blog/6-most-dangerous-counterfeit-products/.
8. Ndure, Isatou. “Aafa Demands Answers on Counterfeit Goods.” Just Style, 1 Feb. 2024, just-style.com/news/aafa-demands-answers-from-e-commerce-giants-on-counterfeit-goods/?cf-view.

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JOTO PR™
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Karla Jo Helms, JOTO PR™, 727-777-4629, khelms@jotopr.com, jotopr.com

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Wistron Celebrates Grand Opening of First U.S. Smart Factory Marking Milestone in Global Smart Manufacturing Strategy

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FORT WORTH, Texas, July 21, 2026 /PRNewswire/ — Wistron Corporation (“Wistron”) celebrated the grand opening of its D1 AI smart facility in Fort Worth, Texas, the site where the first NVIDIA GB300 Grace Blackwell Ultra Superchip was built and mass-produced in the United States. The US$ 700 million facility, spanning approximately 324,000 square foot, was officially unveiled during a ceremony led by Wistron Chairman Simon Lin and NVIDIA Founder and CEO Jensen Huang. Jessica Rogers, Director of the Economic Development Department for the City of Fort Worth, and Alexander Tah-ray Yui, Taiwan’s Representative to the United States, were among the government officials and business leaders who attended, marking a milestone in the expansion of Wistron’s global footprint and advanced manufacturing capabilities.

This is a key hub in Wistron’s global AI infrastructure manufacturing network. The facility runs on NVIDIA accelerated computing and integrates NVIDIA’s Nemotron and Cosmos open frontier models and Omniverse and Metropolis libraries, using digital twin technology to optimize factory design, production workflows, and operational efficiency. It is Wistron’s first U.S.-based manufacturing facility, established to serve customers locally and produce NVIDIA’s most advanced and cutting-edge products. Wistron Chairman Simon Lin said “The operation here is not typical manufacturing. It is new, very comprehensive, and high-tech. Right now we produce the NVIDIA GB300 Grace Blackwell Ultra Superchip, and beyond, we are also going to produce the NVIDIA Vera Rubin Superchip here. In the next couple of years, this location will be one of the most important, as we build AI infrastructure here in the United States. I think this is the reason we say that there will be the next chapter, and we are going to empower AI from Texas.”

Responding to Customer Needs: Texas, the Newest Global Manufacturing Hub
At this pivotal moment for global AI infrastructure, Wistron is drawing on decades of global manufacturing experience to expand its footprint in Texas, a state with a well-established ecosystem for logistics, talent recruitment, and advanced manufacturing. The new D1 facility produces the NVIDIA GB300 Grace Blackwell Ultra Superchip and soon, the NVIDIA Vera Rubin Superchip — critical to powering the next generation of AI computing. The new Fort Worth facility strengthens a critical upstream layer of the AI infrastructure supply chain by expanding domestic capacity to assemble and test NVIDIA AI systems. These servers can be integrated into NVIDIA DSX infrastructure, with DSX providing the common architecture and technologies needed to deploy and operate energy-efficient AI factories at scale.

One-Stop Operational Ecosystem Strengthens U.S. AI Supply Chain Resilience
Behind every breakthrough in AI computing lies the manufacturing capability to scale it. Wistron is expanding its AI server production capabilities from Taiwan to the United States, guided by a vision of precision, efficiency, and sustainability. This reflects a broader industry shift: AI leadership is determined not only by technological breakthroughs, but also by the operational capability to transform innovation into high-volume production with consistent quality, supply chain resilience, and predictable delivery. By establishing AI infrastructure manufacturing capacity in the United States, Wistron is building a one-stop operational ecosystem spanning manufacturing and after-sales service — shortening delivery timelines and customer support cycles, strengthening supply chain resilience, and laying the foundation for long-term competitive advantage as AI infrastructure continues to scale.

Partnering with NVIDIA to Pioneer a New Model for Smart Manufacturing and Energy Optimization
As the era of physical AI begins, Wistron is extending its smart manufacturing capabilities to the United States, creating a new model for AI infrastructure production built on digital manufacturing, energy optimization, and local operations. Jensen Huang said: “The largest infrastructure buildout in history is underway. Demand for AI factories—the engine of this next industrial revolution—is incredible, and they must be produced everywhere. Together, NVIDIA and Wistron are restoring US advanced manufacturing capacity in Texas, creating skilled jobs and strengthening America’s AI supply chain.” As demand for advanced manufacturing grows in Texas, smarter planning of production loads and energy use will give the plant greater control and flexibility over its electricity needs.

Turning Global Experience into Scalable AI Infrastructure
Simon Lin stressed that the speed the AI era demands comes with its own responsibility. “In the AI era, the pressure of speed is also a form of responsibility,” Lin said. “We don’t just need to build fast; we need to build right.”

The Fort Worth plant will serve as the core engine of Wistron’s U.S. manufacturing operations, the company said, connecting its global production network with ecosystem partners as it scales advanced AI manufacturing. Wistron said that the investment reflects efforts to deepen its technical capabilities, strengthen the resilience and efficiency of global supply chains, and support the next phase of AI infrastructure development.

About Wistron:
Wistron Corporation is a leading global technology service provider delivering advanced ICT products, AI infrastructure, and manufacturing solutions to technology brands worldwide. With more than 63,000 employees across North America, Europe, and Asia, Wistron continues to expand its AI, cloud, and advanced manufacturing capabilities to support the next generation of intelligent computing. For more information about Wistron, please visit the official website at www.wistron.com. Additional information about the event is available on the event website.

Media Contact:
Joyce WL Chou
joyce_wl_chou@wistron.com

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SOURCE Wistron Corporation

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NSG Bio Accelerates Breakthrough Biotech Innovation in Singapore

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New initiative under NSG Bio Tomorrow will support promising startups developing next-generation approaches in respiratory and neonatal care

SINGAPORE, July 22, 2026 /PRNewswire/ — The NSG Bio Tomorrow initiative aims at supporting emerging life sciences startups working on complex challenges in respiratory and neonatal care.

Launched through the support of Chiesi Group, The Impulse initiative will provide a selected startup with one year of NSG Bio membership and access to a dedicated laboratory bench at NSG Bio Singapore. The initiative is designed to help early-stage biotech companies move from promising science toward stronger proof-of-concept work in a fully equipped research environment.

The initiative comes at a time when the biotech industry is increasingly looking for faster, more connected ways to move high-potential science from the lab toward real-world patient impact. For startups, access to infrastructure is only one part of the challenge. Equally important are the right networks, industry visibility, technical environment, and opportunities to engage with partners who understand the path from early discovery to clinical relevance.

The programme will focus on startups developing innovative biotechnological solutions with potential relevance to chronic respiratory diseases and neonatal conditions. Areas of interest include cell therapies, gene therapies, gene-editing technologies, regenerative tissue engineering, engineered or programmable living systems, lung-targeted delivery platforms, preventive approaches, and small-molecule-based approaches.

The selected startup will gain access to NSG Bio’s laboratory infrastructure, shared workspaces, meeting facilities, and wider community of biotech entrepreneurs, researchers, scientific leaders, and industry partners. The support is intended to help the company advance key research milestones while becoming part of Singapore’s growing life-science innovation ecosystem.

For NSG Bio, the initiative is part of NSG Bio Tomorrow, its ecosystem-building arm created to expand the company’s role beyond facilities and real estate. While NSG Bio is known for providing high-quality laboratory and office infrastructure for biotech companies, NSG Bio Tomorrow focuses on building the programmes, partnerships, and opportunities that help startups grow.

“Biotech companies need more than lab space. They need access, momentum, and the right ecosystem around them,” said Hasyim Sim, Co-Founder and Chief Operating Officer, NSG Bio. “Through NSG Bio Tomorrow, we are building initiatives that help promising startups connect with partners, unlock opportunities, and move their science forward. This initiative reflects exactly the kind of role we want to play in the biotech ecosystem.”

“Chiesi is committed to supporting innovation that can make a meaningful difference for patients, and we work with entrepreneurs, researchers and partners to advance meaningful ideas,” said Fabrizio Conicella, Vice President, Center of Open Innovation & Competence at Chiesi Group. “By supporting this NSG Bio Tomorrow initiative, we want to create an opportunity for early-stage innovators to access the infrastructure and ecosystem support needed to develop impactful science in respiratory and neonatal care.”

NSG Bio Tomorrow programme also reinforces Singapore’s position as a growing hub for biotech innovation in Asia, where startups, research institutions, investors, and industry partners are increasingly coming together to support the next generation of healthcare companies.

Applications open on 22 July 2026 at 09:00 a.m. SGT. Finalists will be invited to present at a virtual pitch event, after which the selected startup will be announced.

About NSG Bio

NSG Bio is Singapore’s leading provider of BSL-2 certified co-working laboratory and office spaces, supporting life-science companies from early research through growth. Through its facilities, community, and ecosystem initiatives, NSG Bio enables biotech innovators to accelerate research, access networks, and build companies that address critical healthcare challenges.

About NSG Bio Tomorrow

NSG Bio Tomorrow is NSG Bio’s ecosystem-building arm, created to support the next generation of biotech innovation through partnerships, programmes, community initiatives, and opportunities that extend beyond physical laboratory infrastructure. Its mission is to strengthen the biotech industry by connecting startups with the resources, expertise, and networks they need to thrive.

About Chiesi Group 

Chiesi is a research-oriented international biopharmaceutical group that develops and markets innovative therapeutic solutions in respiratory health, rare diseases, and specialty care. The company’s mission is to improve people’s quality of life and act responsibly towards both the community and the environment. As a certified B Corp since 2019, Chiesi is part of a global community of businesses that meet high standards of social and environmental impact. 

With 90 years of experience, Chiesi is headquartered in Parma (Italy), with 31 affiliates worldwide, and counts more than 7,900 employees. The Group’s research and development centre in Parma works alongside 6 other important R&D hubs in France, the US, Canada, China, the UK, and Sweden. For further information please visit https://www.chiesi.com/en/home 

Media Contact
Giridharan
Laboratory Manager
NSG Bio
giridharan@nsgbio.com
87797175

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House Judiciary Committee Passes Bill that Would Prevent Future Immigration Crises: Swift Action Needed by Full House, Says FAIR

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WASHINGTON, July 21, 2026 /PRNewswire/ — Today, the House Judiciary Committee passed an updated version of H.R. 2, the landmark border security bill from last congressional session. The bill now awaits consideration by the full House of Representatives. The Federation for American Immigration Reform (FAIR) urges Speaker Mike Johnson to schedule a final floor vote as soon as possible.

The Secure Border Act systematically closes the loopholes that allowed the Biden administration to unleash the largest and most damaging wave of illegal immigration in American history. Enactment of this legislation would prevent future anti-borders administrations from shirking their responsibilities to secure our borders and enforce our immigration laws; asserting unlimited discretion to parole inadmissible aliens to enter the country; or releasing millions of illegal aliens into the country, rather than detaining them or returning them to the country from which they entered.

“We congratulate the Judiciary Committee for its swift action on this critical legislation,” said Dale Wilcox, executive director and general counsel of FAIR. “Ending border chaos and rampant illegal immigration was a key reason that Republicans regained control of the White House and both chambers of Congress in the last election. The clock is ticking on the 119th Congress, and Republicans only have a short time to deliver on the promises they made to voters in 2024, before the midterms.

“Right now, our immigration laws are being enforced in the interests of the American people. As the last administration demonstrated, enforcement of those laws is not guaranteed unless Congress acts to prevent similar abuse in the future. Now is the time for decisive action in the House, where this bill can be passed with a simple majority vote, and an opportunity for Senate Majority Leader John Thune to put every member of that body on record before voters go to the polls in the fall,” Wilcox concluded.

Hayley Hill, hhill@fairus.org 202-328-7004

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SOURCE Federation for American Immigration Reform (FAIR)

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