Counterfeit and inferior components are wreaking havoc on the supply chain. Some estimates say that up to 10% of technology products worldwide are counterfeit and equate to roughly US $100B in global product sales. Notwithstanding an even larger financial drain on electronic value chains and losses in excess of 50,000+ jobs, these components are having destructive impact on product lifecycle performance.
Inferior components and fakes present serious threats to product performance, operations, and regulatory compliance.
Buyers need to be vigilant and takes steps to avoid bogus components... If there is one cardinal rule that electronics buyers should follow to reduce the risk of buying counterfeit or substandard parts it is to know the source of the parts.
- Electronics Industry Quotes on Impact of Counterfeit Components
