The Product Mindset 2012 Summary

UL and the UL logo are trademarks of UL LLC © 2012
THE PRODUCT MINDSET 2012

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EXTENSIVE PRESS COVERAGE FROM 2011

KEY FINDINGS

1 FORCES

FORCES
This year, external forces have created a growing uncertainty around the world. From
economic and political to social and environmental issues, pervasive instability, volatility
and turbulence are causing a shift in the collective mindset.

2 ATTITUDES

OPTIMISM GIVES WAY TO REALISM
Manufacturers express confidence in their performance related to product safety,
reliability, sustainability and innovation

OPTIMISM GIVES WAY TO REALISM
This year, only a few manufacturers feel truly ahead of the curve
PERCENT OF MANUFACTURERS WHO FEEL THEY NEED NO
IMPROVEMENT IN

UL and the UL logo are trademarks of UL LLC © 2012 12
Two to three times as many consumers want manufacturers to prioritize safety
improvements for food and home building materials than they do for high tech and or
smart appliances
A MORE NUANCED AND SOPHISTICATED
CONSUMER UNDERSTANDING OF SAFETY
THINK SAFETY SHOULD BE MOST PRIORITIZED BY MANUFACTURERS FOR THE
FOLLOWING PRODUCT CATEGORIES

Consumers express safety concerns across all categories, in each case demonstrating a
nuanced understanding of distinct safety issues
A MORE NUANCED AND SOPHISTICATED
CONSUMER UNDERSTANDING OF SAFETY
THE TOP TWO CONSUMER SAFETY CONCERNS BY CATEGORY

3 PRIORITIES

QUALITY IS IMPERATIVE
Manufacturers see quality as the most important driver of success today and tomorrow
STRONGLY AGREE THE FOLLOWING CONSIDERATIONS IMPACT THEIR
ABILITY TO COMPETE

QUALITY IS IMPERATIVE
Consumers primilarly make purchase decisions based on quality
QUALITY IS MOST IMPORTANT DRIVER OF PURCHASE DECISIONS

SAFETY CONTINUES TO BE FUNDAMENTAL
Manufacturers believe safety continues to play a critical role today

SAFETY CONTINUES TO BE FUNDAMENTAL
They also agree that the definition of safety is becoming broader
MANUFACTURERS IN EACH COUNTRY WHO AGREE THE DEFINITION OF
SAFETY IS BECOMING BROADER

THE ENVIRONMENT ADVANCES
Consumers believe manufacturers are not prioritizing the environment enough
BELIEVE THAT MANUFACTURERS ARE NOT PRIORITIZING ENVIRONMENTALLY
FRIENDLY MANUFACTURING PROCEDURES OR PRODUCTS

THE ENVIRONMENT ADVANCES
Manufacturers see sustainability as critical to their ability to compete effectively
AGREE THAT THE FOLLOWING CONSIDERATIONS IMPACT THEIR ABILITY TO
COMPETE IN THE MARKETPLACE

4 IMPACT

THE ESSENTIAL SUPPLY CHAIN
Manufacturers see a need to get more from their supply chain
HIGHLY SATISFIED WITH THE FOLLOWING ASPECTS OF THEIR COMPANY’S
SUPPLY CHAIN PERFORMANCE

THE ESSENTIAL SUPPLY CHAIN
Manufacturers are looking more to global sourcing
Global Sourcing continues increase

INGREDIENTS MATTER
Manufacturers believe consumers want to know what goes into their products

INGREDIENTS MATTER
Consumers understand the importance of knowing what goes into the products they buy
BELIEVE IT IS VERY IMPORTANT TO KNOW WHAT INGREDIENTS OR
COMPONENTS ARE IN THE PRODUCTS THEY BUY

ORIGIN IS CRITICAL
The majority of consumers are aware of which country the products they purchase are
manufacturered in
BELIEVE THEY KNOW THE COUNTRY OF ORIGIN FOR PRODUCTS
THEY PURCHASE

Manufacturers think developed countries have a better reputation for the quality of their products
ORIGIN IS CRITICAL
RATE COUNTRIES AS VERY GOOD/EXCELLENT AS A SOURCE FOR
THEIR INDUSTRY

Today, we are more intertwined, interdependent and intervulnerable. With supply chain complexity
growing and global trade increasing at unprecedented rates, it appears Navigating the Product Mindset
is essential to better understand the shifting dynamics of a changing world—a world that is more
connected today than ever before and an ecosystem where information, dialogue and
interdependencies occur with greater frequency and greater impact.
CONCLUSION

METHODOLOGY
UL employed an independent research firm, ORC International, to conduct a global quantitative
survey among 1,201 consumers and 1,202 manufacturers across four countries: China, Germany,
India and the United States. To meet the objectives of the survey, manufacturers across high-tech,
food, household chemicals and building materials sectors were interviewed by phone and consumers
were interviewed through an online survey.
Manufacturers were director level and above and specialized in management, research and
development, marketing and sales, quality control, product management, or design.
Consumers were a representative mix of age, gender, education and income. Data tabulations among
subgroups have been tested for statistical significance at the 90% and 95% confidence levels.

The Product Mindset 2012 Summary

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The Product Mindset 2012 Summary