The circular economy
All of these programs are rooted in the circular economy philosophy – finding ways to obtain value out of materials and goods in existence, rather than solely using raw materials to make new products. Coronado says, “The key to the circular economy is lifecycle management. For example, our AlluraClarity X-ray and EPIQ ultrasound platforms were designed so they could be positioned as different value propositions – new, upgrade and refurbished versions. We didn’t just think about the initial lifetime of the system, we looked at how we could move it through different lifetimes for different markets and customers.”
Growing together
Philips and DLL are looking at further ways to benefit from each other’s expertise in the circular economy. Coronado concludes, “We are not only a partner of DLL. They have a lot of knowledge about the market that we can leverage. Their knowledge complements our knowledge and we all benefit from that.”
Building on each other’s strengths
DLL and Philips have a strong relationship that stems from the Rabobank, Philips banking partner. About 13 years ago, Philips and DLL began working together to offer various financial services to Philips’ end customers. DLL provides a range of financial services for Philips Lighting, Philips Healthcare and other Philips groups in over 20 countries. In Philips USA and Philips China, DLL’s financial services are provided under the Philips Medical Capital brand. This is a joint venture co-owned by DLL and Philips. Over the years this partnership has produced a range of innovative financial solutions designed to meet the requirements of healthcare customers around the world.
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