“The ‘Ticking Time Bomb’ of Counterfeit Electronic Parts,” IndustryWeek July 22, 2013
“The proliferation of counterfeit electronic parts into the manufacturing supply chain costs the U.S. government and its contractors billions each year,” writes Matthew R. Shindell, special counsel in Goldberg Segalla’s Product Liability and Professional Liability Practice Groups, co-author with Todd Kramer and Stanley H. Salot, Jr. “But the problem is not just limited to those who supply government agencies. Recent reports show consumer and industrial businesses are losing approximately $250 billion each year because of counterfeit components.”
In this article published by IndustryWeek, Matt and his co-authors examine some of the alarming facts about counterfeit parts, and also explore proactive steps companies in various industries can take to protect themselves from this escalating danger.
“[I]t is imperative that all suppliers of such components or parts take every possible precaution to ensure they are not distributing counterfeits and to be aware of applicable laws and regulations in the jurisdictions where they do business.”
Read the article here:
- “The ‘Ticking Time Bomb’ of Counterfeit Electronic Parts,” IndustryWeek, July 22, 2013