Panasonic has been in China for more than 40 years and has invested heavily in the country, including in the automotive and home appliance sectors. The company has also been expanding its presence in other markets, such as India and Southeast Asia, to diversify its supply chain.
Kusumi said Panasonic is committed to developing a “robust and resilient” supply chain that can withstand any geopolitical risks. He added that the company is also looking to expand its presence in the U.S. and Europe.