Securing Supply Chains Through Data Transparency And Better Market Design
The high tech supply chain is more vulnerable to counterfeit components than ever before. With increasingly sophisticated criminals, the only way to protect the supply chain is through tools, technology, and new thinking about industrial aftermarkets. The rise of counterfeiting in recent years has been astounding. The US economy loses some $250 billion annually with some three-?quarters of a million jobs lost every year to what the Wall Street Journal has labeled as "Nothing short of an economic crisis." The pain reaches in to all corners of the economy, and the high technology manufacturing is no exception.