Tom Grace

The Real Cost of Counterfeit Products From the Eyes of a Contractor

Manufacturers and trade associations have devoted much attention to counterfeit electrical products and their effects on consumers. The U.S. Customs' Consumer Safety and Critical Technology seizures of counterfeit electrical products are second only to pharmaceuticals. According to the Department of Homeland Security, over 3,400 seizures of Consumer Safety and Critical Technology products accounted for more than $146 million in 2012.