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BSA partners with ABMA to stop counterfeit bearings |
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Written by REM Staff
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 The Bearing Specialists Association's board of directors has approved a motion embracing an anti-counterfeiting distributor partnership proposal from the American Bearing Manufacturers Association (ABMA). Counterfeiting represents a US$600-billion-a-year problem, costing U.S. businesses US$200 to US$250 billion annually.
With its approval, BSA agreed to embrace the World Bearing Association
(WBA) Awareness Campaign and help market it to end users via the
association websites and member e-blast; to market BSA's Top Ten
reasons to buy from authorized distributors, and to encourage members
to share this with end users. In addition, BSA agreed to publish
Organizational Statements and Articles Against Counterfeiting,
including denouncing any involvement in counterfeiting throughout the
bearing supply chain; voicing support for ABMA and WBA
anti-counterfeiting activities; and sharing news on lawsuits, raids and
other anti-counterfeiting activities with memberships.
BSA also agreed to create association position papers on various topics
against counterfeiting. Finally, if a BSA member is convicted of
selling counterfeit bearings, the board will carefully review its BSA
membership status in light of that conviction.
BSA's opposition to counterfeit products is well-established. Its Top
Ten program of reasons to buy products and services from authorized BSA
member distributors was launched in 2007 to help distributors educate
end users about the value of authorized distribution. The association
welcomed ABMA's Scott Lynch to its 2010 Winter Meeting for an update on
anti-counterfeiting efforts. The association also presented its own
program on counterfeit bearings at the 2010 Annual Convention.
www.bsahome.org
www.americanbearings.org
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