Resilience in Value Chains Long supply chains and a dependence on single sources of raw materials bring risks in times of pandemics, warfare or high energy prices. How can we better safeguard globalized 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 decentralized 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 digitization of the supply chain ensures early detection of disruptions and their elimination. Festo supply chain 30 31 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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