Panasonic Holdings Corp’s Global CEO, Yuki Kusumi, recently emphasized the importance of China’s supply chain, underscoring the country’s relevance as a high-priority market. This statement comes amidst increasing geopolitical concerns and the evolving need for businesses to establish robust supply chains in diverse regions.
Speaking at a roundtable discussion in Tokyo, Kusumi addressed the outcomes of the recent Group of Seven (G7) leaders’ meeting held in Hiroshima. The meeting spotlighted the necessity for companies to “de-risk” but not entirely “decouple” from China, the world’s second-largest economy.
Also Read: India’s New Battlefront: Stricter Measures Against Misinformation and High-Risk AI with Upcoming Digital India Act
Kusumi reaffirmed Panasonic’s commitment to its Chinese operations, stating, “We will continue to develop our businesses in China as we have done in the past.” Ever since Panasonic’s establishment in 1918, the company has endeavored to enhance society and global culture. Moving forward, Panasonic aspires to create value by directly addressing societal concerns, striving towards building an ideal society abundant in both material and spiritual wealth.
Formerly known as Matsushita Electric Industrial Co., Ltd. (1935-2008) and Panasonic Corporation (2008-2022), Panasonic Holdings is a leading Japanese multinational conglomerate based in Kadoma, Osaka. This news is based on Asia Business Outlook.
