22 Nov 2021 -

Eliminating counterfeits with foolproof IDs

“Counterfeits in the supply chain is a universal problem, but it is particularly acute in the electronics industry,” begins TrustGrid’s Ben Kiunisala in EPSNews.

“Counterfeit electronics cost manufacturers an estimated $250 billion each year, and that doesn’t include the cost of faulty consumer electronics or catastrophes such as fires and failed equipment due to phony electronic components,” says Kiunisala.

Counterfeit mitigation relies on detecting parts which have entered the supply chain, however new ways are becoming possible of stopping them before they enter.

“To eliminate counterfeit goods from the supply chain you need to start with a digital identity ecosystem based on distributed ledger. Individual manufacturers can easily create their own secure digital ecosystem, allowing partners to log in and verify shipments.

“A trade association or manufacturer’s group also could create an open, shared digital ecosystem where members can collaborate to track goods in transit. With a distributed ledger system in place, any product can be given a unique identifier that can only be verified by the system. It’s easy for anyone in the supply chain to authenticate shipments using a QR code scanner such as a smartphone.”

Read more here

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 supply chain options, contact Astute Electronics here

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