LAS VEGAS — This is an IHS News Flash from information and analytics provider IHS (NYSE: IHS) covering events on the second day of the 2012 ERAI Executive Conference.
More than 12 million parts have been involved in counterfeit incidents during the period spanning the start of 2007 through April 2012, according to Rory King, director, supply chain product marketing at IHS, citing data from ERAI. King delivered the news here on Friday to an audience of electronics industry participants attending the ERAI Executive Conference, co-hosted by IHS. In his presentation, King noted that reported incidents of counterfeited parts amounted to 1,363 in 2011. However, each incident can include thousands of separate parts, adding up to 12 million over the past five-and-one-quarter years. This equates to slightly more than 1 counterfeit part every 15 seconds.