Resilience in value chains Long supply chains and a dependence on singular raw material sources bring risks in times of pandemics, warfare or high energy prices. How can we better safeguard globalised supply chains and find a more environmentally friendly way to deal with our environment? In addition to the manufacture of the products, logistics are an important competitive factor, as goods need to reach our customers quickly and safely, while causing as little environmental impact as possible. Festo relies on a local-for-local strategy. Thanks to a decentralised production network, local markets – with their local market needs – can be supplied more quickly and reliably thanks to short transport routes. At Festo, a CO2 reduced supply chain begins with the development of new products and the question: What risks can already be taken into account during the design phase of the products in order to support product development and market entry? The level of material stocks, risks of individual suppliers defaulting and selected delivery routes follow this consideration. Our selected means of transport are as CO2 reduced as possible, while the digitisation of the supply chain ensures early detection of disruptions and their elimination. Festo supply chain 28 29 Festo SE & Co. KG Sustainability Report 2022 Festo SE & Co. KG Sustainability Report 2022 1. BLUE WORLD 2. STRATEGY AND MANAGEMENT 3. CO2 REDUCTION AND ENERGY EFFICIENCY 4. TECHNICAL EDUCATION 5. ENVIRONMENT, RESOURCE AND MATERIAL EFFICIENCY 6. PEOPLE AT FESTO 7. ETHICS AND GOVERNANCE 8. GRI-INDEX 9. REPORT PROFILE
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