01 Jul 2022 -

Counterfeits increase in times of shortages: ERAI

counterfeit mitigation

ERAI, a private information service organization dedicated to monitoring, investigating, and reporting disputes and complaints in the electronic components resale market, said it received 101 cases of fraud in electronic components transactions last year, exceeding 70 in 2020, and much more than 17 five years ago, reflecting that the global chip shortage has made the electronic components market more chaotic.

Mark Snider, president of ERAI, said companies looking for chips they could not find through authorized and vetted distributors were trying to buy them from shadier brokers and transferring funds for goods that never got delivered.

504 cases of counterfeit chips were reported to ERAI in 2021, although this number is higher than the 463 cases in 2020, but less than the 963 cases in 2019.

Snider said China’s pandemic-related shutdowns could be making it harder for counterfeiters to operate and also said counterfeits are increasingly more sophisticated, evading detection.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at counterfeit mitigation and supply chain options, contact Astute Electronics

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