How Big is the Counterfeit Electronic Components Problem?
Posted by Jenny Miller on Fri, May 28, 2010 @ 06:48 PM
As we head into the CALCE Symposium on Counterfeit Electronics, questions about the scope of this problem and its impact on our industry are being asked. We know counterfeit electronic components are on the forefront of anyone in the world of component distribution. We know the scope of the problem is huge, according the US Department of Commerce; counterfeiting accounts for 8% of all global merchandise and can account for up to $1.2 trillion in lost sales.
As we look forward to the CALCE Symposium on Counterfeit Electronics, held this year in Phoenix from June 8th-9th, counterfeiting is on the brain. The problem is big and the answers seem few. As we look ahead to this week there are several areas we're hoping get touched on and an array of questions we're hoping get answered.
The first handful are:
1. How big is the legacy problem for these manufacturers?
2. How pervasive is the counterfeiting problem?
3. Who are companies turning to in counterfeit component situations?
4. What are the current market conditions for OEM's? Are they experiencing shortages and increased lead times and, if so, what are they doing about them?
5. Are companies taking an aggressive stance against questionable electronic components coming out of Asia (i.e. not buying product from there)?
We'll be tweeting the specific stats and updates before, during, and following CALCE Symposium on Counterfeit Electronics on these topics and more...follow us on twitter @ ICTrends to get the facts and figures associated with the staggeringly large business of counterfeiting. Follow this trail to get see what's happening at the important industry conference.
