Part 4/8:
As potential tariff retaliations loom over trade relationships—like China’s recent ban on exporting rare earth minerals to the U.S.—companies like Philips are acutely aware of the risks. However, the CEO emphasizes a pragmatic approach: rather than speculating on what retaliation may look like, the focus remains on solidifying operational readiness. By regionalizing supply chains and ensuring agility in logistics, Philips aims to mitigate unforeseen challenges that may arise from geopolitical tensions.