The $250 Billion Problem Lurking Around Your Factory
Tuesday, April 8th, 2014Counterfeits in manufacturing cost the U.S. economy more than $250 billion in lost revenue and 750,000 jobs annually. Chinese businesses have created an industry around electronic counterfeits, taking advantage of today’s “trusted supplier” networks, and the global trade in counterfeit electronics parts is growing at an accelerated rate resulting in higher costs and unreliable products.
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