Part 5/8:
Acknowledging the historical context of prior supply chain crises, the CEO emphasizes the importance of preparation. The healthcare sector's ability to adapt and remain flexible in response to new risks is not only vital for the company but is also instrumental in maintaining patient care standards.
Managing Policy Swings and Political Volatility
Beyond tariffs, the shifting landscape of U.S. administration policies adds another layer of complexity. With transitions between vastly different policies, Philips must remain nimble and responsive. The CEO stresses the importance of fostering strong relationships with various administrations over the company's 133-year history, aiming to prioritize healthcare innovations that enhance patient care.