Keith McLoughlin in IFA keynote speech: Consumers are in the driver’s seat for growth

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CONSUMERS ARE IN THE DRIVER’S SEAT FOR GROWTH KEITH McLOUGHLIN PRESIDENT AND CEO, ELECTROLUX IFA, BERLIN, SEPTEMBER 2, 2011

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Keith McLoughlin, President and CEO of Electrolux, was the keynote speaker at the IFA 2011 fair in Berlin, Germany on 2 September 2011. More than 300 decision makers of the consumer electronics, home appliances and related branches attended.

Transcript of Keith McLoughlin in IFA keynote speech: Consumers are in the driver’s seat for growth

Page 1: Keith McLoughlin in IFA keynote speech: Consumers are in the driver’s seat for growth

CONSUMERS ARE IN THE DRIVER’S SEAT FOR GROWTH

KEITH McLOUGHLIN PRESIDENT AND CEO, ELECTROLUX

IFA, BERLIN, SEPTEMBER 2, 2011

Page 2: Keith McLoughlin in IFA keynote speech: Consumers are in the driver’s seat for growth

WHERE ARE WE TODAY?

NEW CONSUMERS

NEW TECHNOLOGY�

Page 3: Keith McLoughlin in IFA keynote speech: Consumers are in the driver’s seat for growth

THE IDEAS, LIFESTYLES, DEMANDS AND �BEHAVIOR OF PEOPLE WILL ALWAYS TRIUMPH OVER POLITICAL AGENDAS OR BUSINESS PLANS.�

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Page 4: Keith McLoughlin in IFA keynote speech: Consumers are in the driver’s seat for growth

PROOF THAT CONSUMERS �ARE IN THE DRIVER’S SEAT� WORD-OF-MOUTH

GLOBALIZED MEDIA

CORPORATE EXPECTATIONS

CUSTOMER EXPERIENCE

AFTER SALES

CONSUMER PULL�

Page 5: Keith McLoughlin in IFA keynote speech: Consumers are in the driver’s seat for growth

IS IT POSITIVE THAT CONSUMERS �ARE IN THE DRIVER’S SEAT?��YES, IT IS!�

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WHAT IS REQUIRED FROM THE APPLIANCE BUSINESS?�

HIGHER DEMANDS ON QUALITY, SERVICE, TRANSPARENCY AND FUNCTIONALITY

PRODUCTS/SERVICE BLENDING

BRAND LOADING

FLEXIBILITY

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HOW IS ELECTROLUX MEETING THIS NEW REALITY?�

THOUGHTFUL DESIGN INNOVATOR

CONSUMER INSIGHT

STRONG HERITAGE

BRAND FOCUS

Page 8: Keith McLoughlin in IFA keynote speech: Consumers are in the driver’s seat for growth

AEG NEUE KOLLEKTION�

Page 9: Keith McLoughlin in IFA keynote speech: Consumers are in the driver’s seat for growth

AEG PROCLEAN

Page 10: Keith McLoughlin in IFA keynote speech: Consumers are in the driver’s seat for growth

ELECTROLUX ERGORAPIDO�

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WHAT IS THE CONCLUSION?�

GLOBALIZATION AND NETWORK SOCIETY IS CHANGING THE APPLIANCE INDUSTRY

POWER IS SHIFTING TO CONSUMERS

THIS IS POSITIVE

THE INDUSTRY HAS TO ADAPT TO THIS�

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FOR MORE INFORMATION ON ELECTROLUX, VISIT: ��BOOTH 101 (HALL 4.1) ��WWW.ELECTROLUX.COM