Tag: Counterfeit Mitigation
Your chance of unknowingly purchasing a counterfeit electronic component increases by 25% annually, according to IHS Markit, a source for engineering specifications, standards, manuals and technical publications. Exacerbating that trend is that in 2019, 66.91% of parts reported to be nonconforming, suspect counterfeit, or counterfeit were sold by companies not located in China, stated the ERAI Inc., a global information services organization that monitors, investigates and reports issues affecting the global electronics supply chain.
This percentage is alarming because it bolsters the awareness that more mitigation is needed. Simply avoiding open-market parts from China-based companies or certain supply regions as a way to avoid suspect/counterfeit parts is not a viable strategy. With spurious components flooding the supply chain, how can you determine if an electronic part is authentic or not? What should you do?Read more...
Counterfeit electronic parts are bad. Bad for business. Bad for your brand. Bad for humankind. Counterfeit parts can wreck havoc into your operations, in the form of increased financial costs, damage to your brand, and revenue loss. In addition, counterfeit parts can cause product malfunction or total failure – which at worse, poses serious risk to people and could lead to injury or even death.
And an increasing amount of counterfeit parts are entering the supply chain.Read more...
You’ve just acquired an electronic chip. At first glance, it looks like the real deal. But to the properly trained eye, there is something off with the product. The fonts are different, the surface looks like it was coated with polymer, and the wiring is inconsistent. Chances are you’ve acquired a suspect counterfeit part.Read more...
The New Year is here. But it’s never too late to build up your inventory, given the recent pandemic-driven component shortages. Finding the right distributor for your business is critical to building long-term resilience and success. With so many options and choices – from authorized to independent electronic part distributors – the decision can be a tough one.
When narrowing your search, it’s important to keep in mind that the relationship you have with your distributor should be symbiotic – one where your principles and values are shared and supported. This will create a stress-free, productive and profitable environment, and ultimately help your business thrive.
So what qualities should you look for when selecting a distributor? Here are the top four qualities to look for.Read more...