Vice President of Business Development
Electronics manufacturers already hurting from supply chain disruptions, component shortages, and a trade war are further challenged by the rise in counterfeit components. Often made with substandard parts, some of which are recycled and many that resemble an authentic product, these fakes are frequently aimed at the defense, aerospace, automotive, and medical industries and cause safety concerns and degraded performance. Faulty components in a medical device can cause inaccurate readings or incorrect diagnosis. And defective parts in defense, aerospace, automotive can literally have life or death consequences.
The use of smart label technology along with the track and trace system allows components to be monitored via a dashboard. Supply chain managers can follow components through their entire trip of the supply chain, from the moment of manufacture to the part’s application. They can see whether or not the product was delayed or in the wrong location. Through the dashboard, they can also view if there is any secondary movement of the product. Smart labeling technology is the most effective and cost-efficient counterfeit prevention method on the market today.