Part 3/8:
Philips has taken measures to localize its supply chain, sourcing products closer to customers across various global markets, including the U.S., Europe, and China. This strategy is not just about geographic proximity; it aligns with a broader vision to deliver reliable healthcare solutions in an increasingly unpredictable world. The company emphasizes the necessity of cross-border trade even within a globalized supply chain, citing the importance of maintaining seamless access to critical components worldwide.