Philips is a technology company that strives to improve the lives of people and make the world a healthier and more sustainable place through innovation.
Philips offers solutions for Healthcare, Consumer Lifestyle and Lighting to individuals, communities and commercial customers. They believe that innovation should be based on a deep understanding of the people’s needs and to have a positive impact on their lives.
Their goal is to improve the lives of three billion people per year by 2025, 180 million of these lives correspond to Latin America. Meeting the needs of billions of people through technology means reimagining the way we live. It means developing new approaches to health care that promote prevention rather than simply treat a disease; to focus on energy efficiency and innovations that are more intuitive, effective, affordable and accessible.
To meet this goal requires a new way of doing business that moves away from the traditional linear economy (take-make-brake) towards a holistic, circular economy. Philips strives to achieve this goal by creating innovative products and business solutions that generate value through the regeneration of products, parts and materials that they collect, refurbish and reuse. Philips works in partnership with suppliers, peer groups, recycling companies and civil organizations to rethink business models. In this way, Philips is responding to the changing needs of their customers and global challenges.