At the Ethical Corporation 'Transform 2019' conference, Robert will reinforce his sustainability message with examples of how Philips is closing the loop in its upstream and downstream supply chain by creating new strategies, business models and collaborative partnerships to implement the circular economy. For example, Philips has not only stated that it will take back and recycle/repurpose all large Philips medical systems that its customers are prepared to return to it, it is also establishing long-term managed service partnerships with hospitals in which Philips retains ownership so that the whole process is easier and more effective. According to Robert, making sure that returned systems are recycled/repurposed efficiently, with different materials looping back into the upstream supply chain or being repurposed at suitable points in the downstream chain, is where collaborative stakeholder engagement and involvement are critical to success. Philips is also incorporating design-for-recycling into its product development processes.

For Philips, sustainability, circularity, innovation and collaboration are key elements in the company's mission to improve people's lives by ensuring healthy people and a sustainable planet.

Robert will be joined in the panel discussions by other international thought leaders in sustainability and the circular economy.

Event: FT Future of Manufacturing Summit 2019

Where: London

Date: Oct. 9, 2019, 12:10 - 01:00 PM GMT

Website:https://live.ft.com/Events/2019/FT-Future-of-Manufacturing-Summit-2019

Event: Transform 2019

Where: Amsterdam

Date: Oct. 16, 2019, 09:00 - 09:45 AM CET

Website:https://events.ethicalcorp.com/transform/

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Royal Philips NV published this content on 08 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2019 09:34:08 UTC