Counterfeiting is a growing worldwide problem. U.S. Customs and Border Protection estimated that counterfeits comprised nine percent of total world trade in manufactured products. A report from the National Chamber Foundation (part of the U.S. Chamber of Commerce) estimated that overall counterfeit goods would represent about $400 billion in U.S. for 2013. And while most of us tend to think of knock-off handbags or watches when
we hear the words ‘counterfeit goods’, this also includes industrial goods like NSK bearing products.
In 2011, the Construction Industry Institute (CII) found that even though many countries have signed agreements to protect intellectual property rights, counterfeit products are more prevalent throughout both world and national markets. The CII study found that raw, substandard steel was the most counterfeited commodity among the materials it inquired about.
When sub-standard steel is used to manufacture bearings, it negatively impacts bearing life. It can cause bearing seizure which can lead to risk of shut-down, lost production and increased maintenance costs. Counterfeit bearing manufacturers market inferior quality bearings as NSK brand and offer lower prices. This is referred to as a black market counterfeit; whereas a gray market counterfeit is a genuine NSK bearing, but is being sold through unauthorized channels. Although you may pay less in upfront costs, the adverse consequences that will result, may cause you to purchase bearings more frequently and increase overall pricing. To mitigate your chance of purchasing a counterfeit bearing, you must use an authorized NSK channel.
“Everyone who buys, sells, mounts and uses bearings can be adversely affected by counterfeits, so it is in their best interest to be on the lookout for them,” James W. Griffith,
president of the World Bearing Association, has noted. “Manufacturers of products containing industrial bearings may be held responsible for damages. We want purchasers to realize that counterfeiting is a widespread and serious problem.”
As a bearing purchaser, there are ways to identify an authentic bearing versus a counterfeit. Check the bearing’s markings, labeling and packaging to ensure bearing authenticity. You may also reference www.stopfakebearings.com, sponsored by the World Bearing Association (WBA) and bearing manufacturers, including NSK, for information on how to combat counterfeiting. The WBA created an Anti-Counterfeiting Committee to raise awareness and campaign against counterfeiting activity.
If you come across a questionable bearing, please contact NSK. We have procedures in place with the U.S. Customs and Border Patrol to stop the importation of counterfeit products and a dedicated service team that can assess and inspect any suspect bearings to help negate future situations.