73 % Europe 7 % Americas 20 % Asia 2021 €1.544 bn 70 % local 30 % non-local 2021 €1.544 bn 23 % Asia 8 % Americas 69 % Europe 2023 €1.558 bn 72 % local 28 % non-local 2023 €1.558 bn 20 % Asia 8 % Americas 72 % Europe 2022 €1.792 bn 72 % local 28 % non-local 2022 €1.792 bn “Local for local”: Thanks to a decentralized production network, local markets can be supplied more reliably, quickly, and in line with their needs thanks to short transport routes. Regional distribution of purchasing volume Festo’s direct and indirect purchasing volume (production materials and non-production materials) fell from 1.792 billion euros (2022) to 1.558 billion euros (2023). This is partly due to the economic situation. The non-production materials relate to all production sites (Festo Global Production Centers, GPCs for short) as well as the distribution companies. The production materials cover all production sites. GRI 204-1 Festo is constantly expanding its global supplier network, which consists of local and non-local suppliers. By “local” we mean procurement within the region of the respective national subsidiary. Compared to the previous year, the number of local suppliers remained the same in 2023. The “local for local” strategy will continue to be pursued in 2024 in order to enable shorter delivery times throughout the entire supply chain and shorter transport routes, among others. Efforts continue to be made to procure more goods from those countries and regions in which production takes place. The diagrams below show the regional distribution of the direct and indirect purchasing volume of the Festo Group. GRI 204-1: Regional distribution of the direct and indirect purchasing volume of the Festo Group. 112 113 1. Blue World 2. Strategy and Management 3. Climate Protection and Resource Efficiency 4. Technical Education 5. People at Festo 6. Ethics and Governance 7. GRI Index 8. Report Profile Festo SE & Co. KG Sustainability Report 2023 Festo SE & Co. KG Sustainability Report 2023
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