According to UL’s 2012 Product Mindset study, which surveyed 1,200 manufacturers in China, India, the United States and Germany, the growing complexity of the supply chain is a top business concern. Furthermore, manufacturers are noting increased pressure for transparency related to product, component and raw material sourcing.
The study found that 46 percent of manufacturers are planning to increase their sourcing from other countries over the next five years, and among those, 79 percent say they will add additional countries to their roster versus replacing existing current sources.
UL provides the knowledge and technical expertise to help customers navigate the growing complexities across the supply chain, from compliance and regulatory issues to trade challenges and market access. UL helps facilitate global trade by optimizing the supply chain for manufacturers and retailers and working with other nations to develop new pathways so that the latest product innovations can get to markets around the world. Manufacturers rely upon UL to help clarify sourcing options, speed new products to market, and advance standards of safety science.
Serving manufacturers in more than 100 countries, UL has a unique point of view about the latest trends in global supply chain management issues, including the increasing use of global sourcing to obtain raw materials, ingredients and components used in the production of finished products for consumers.