The truth about counterfeits
~ Why you can never eliminate the risk of counterfeits entirely ~ According to the latest data from the Organisation for Economic Cooperation and Development (OECD), the trade in counterfeit goods now represents 3.3 per cent of global trade. Unfortunately, this figure is on the rise, even as overall trade has declined. Here, John Young, APAC director at obsolete parts supplier EU Automation APAC, offers his verdict on the scale of the problem in the Asia Pacific region and what manufacturers can do to limit the risks. Counterfeiting in industry Counterfeiting is not a new problem, but the current growth of this phenomenon is driven by many novel factors, such as the convergence between industry and IT and new technologies like 3D printing. Most people have some familiarity with this problem in the world of consumer goods, but industrial equipment is not immune to the risk. In the world of industrial parts, fakes are often even harder to detect. Take an industrial motor as an example. The outer casing or housing of the counterfeit part may look perfectly fine. Even on the inside, there is very little way of detecting a counterfeit through a simple visual inspection. Counterfeited industrial parts are usually manufactured from poorer quality material. This reduces the life cycle of the part, increasing the risks of unplanned downtime and raising whole-life costs when unexpected failures occur. Unfortunately, there is often little way to know definitively if the broken part was genuine or not. Genuine parts will have been through a rigorous and standardised process of testing. Fake parts, on the other hand, do not benefit from this validation and verification process. Labelling is one way of stamping products in a way that can demonstrate their authenticity, but unfortunately modern technology makes these labels much easier for scammers […]