28 May 2021 -
 General

Covid has created the “most substantial negative supply chain security effect in history”

Electronics counterfeit mitigation

Counterfeit components and parts continue to create health and safety risks that affect a wide range of industries, reports World Trademark Review.

“Transnational criminal organisations continue to take advantage of the low risk, high reward of counterfeiting crimes. These organisations use their counterfeiting profits to expand their business into other related crimes, such as the smuggling of other contraband, money laundering, tax evasion and corruption of government officials,” writes WTR.

“The covid-19 pandemic has overwhelmed global business and, to date, has created the most substantial negative supply chain security effect in history. The pandemic has also provided opportunities for criminal organisations that seek to take advantage of the rise in demand and subsequent shortages of parts and products. Reduced volume of genuine materials allow criminals to offer counterfeit raw materials that contaminate supply chains. These threats lie with certain counterfeiters who exploit weaknesses in legitimate supply chains by offering lower than normal prices for source and raw materials.

“Such threats taint legitimate supply chains and can be continuous within sectors. In addition, as a result of covid-19, there are major shortages of specific products produced around the world, specifically in China. According to the OECD-EUIPO study, China (along with its global trading partner and transit point Hong Kong) is the top producer and distributor of counterfeit goods, therefore providing a seamless environment for counterfeiters.”

Astute is a highly accredited, quality-driven procurement expert, with a list of clients that includes the world’s leading defence suppliers. Our mission is to shield you against inferior quality products and services. As such, our operations are run in accordance with quality processes including AS6081 that mitigates the risks of purchasing and supplying fraudulent/counterfeit electronic parts. Find out more about our counterfeit mitigation techniques by contacting one of our experts.

We have on-site anti-counterfeit testing facilities in both the U.K. and U.S. for carrying out a range of destructive and non-destructive testing, as shown here:

Either through the hundreds of manufacturers we purchase directly from, or the international network of component supply-partners offering full product traceability, Astute Safe-Supply, run by sourcing experts and offers a deeper insight into the global components markets.

With real-time access to the latest listings and prices cultivated through several decades of close supplier partnerships, we are able to spot price disparities and leverage product price variances to deliver cost-effective solutions to customers, whilst ensuring a quality, risk-free supply.

For more help with looking at supply chain options, contact Astute Electronics here

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