Hermann, President and CEO of Siemens Greater China: We are already a Chinese company.
The duration of COVID may be much longer than people think. What does this mean for multinational companies?
How will it change its production and operation strategy?
Siemens Greater China President and CEO Herman recently said in an interview with a reporter from China News Agency that in the post-epidemic era, multinational companies need to rethink how to lay out the global industrial chain.
As a "Chinese company" that has been deeply rooted in China, Siemens will further expand its industrial chain in China, establish broader partnerships, and provide technologies and solutions for China and the global market through a localized ecosystem.
"We have become a Chinese company"
In Herman's view, in the face of the new normal after the epidemic, multinational companies must rethink how to lay out the global industrial chain and find the most efficient and cost-effective supply chain operation method. Siemens wants to strengthen localization development in the global market environment, that is, "global localization".
He said that China is Siemens’ second largest overseas market, and it is also an important R&D base and source of talent for Siemens, and it is also the pillar of the company’s future development. "We have become a firm partner of China and an indispensable part of China's economy. More importantly, we have become a Chinese company."
Since this year, Siemens has frequently deployed the Chinese market. In September, Siemens Mobility and Chongqing Liangjiang New District signed a cooperation agreement to establish a Siemens Intelligent Transportation 5G Competence Center in Chongqing to explore the road to innovative research and development of intelligent transportation in the 5G era. Recently, Siemens has also signed a cooperation agreement with the Henan Provincial Government to carry out cooperation in the fields of intelligent manufacturing and industrial Internet, sustainable urban development, talent training, scientific research and innovation.
Herman said that partnerships and open development are important ways to ensure continued business operations and resilient development in the post-epidemic era. Siemens will further expand its industrial chain in China and establish broader partnerships to provide technologies and solutions for China and the global market through a localized ecosystem.
"Siemens has been deeply involved in China for nearly 150 years, and we know how to work with China to meet challenges. We will also do our best to help China's industries develop stronger after the epidemic." He said.
Speaking of the prospects of the Chinese market, Hermann repeatedly mentioned the word "confidence".
Herman said that as the first country to effectively control the new crown epidemic, China's social life and economic operations are gradually returning to normal. China has huge domestic demand and a complete industrial value chain, which can provide a solid foundation for economic recovery; the strong resilience and growth potential of the Chinese economy also give Siemens full confidence in its business in China.
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