MANUFACTURING

Manufacturing , says : “ We are helping people make the transition from using conventional light bulbs to fully adopting LEDs . These also provide a basis for IoT connected operation , which then provides a degree of control which may be the ability to switch the light on remotely , change its colour , or adjust intensity .

“ Lighting has gone from lightbulbs that are replaced every six months , to something that is essentially a lock and leave . The whole luminaire space is going towards atmosphere , and user-control ; it is an important part of the connected home trend .

“ As a result , we are setting ourselves up to grow our business in new and dynamic ways . We see a mega trend that ’ s driving people to replace their old technology with new , and to focus more on light as a feature in the home . In terms of market growth , the market for home luminaires is set to grow significantly more than GDP .”

Segmented business streams Obsolescence , particularly in the form of write downs or write offs has traditionally been a big issue for Philips , not to mention a major drain on its profitability . Salomaa explained that the company was diverting a significant percentage of its consumer luminaire manufacturing operations away from China in order to reduce these costs , as well as to reduce its time to market .

Utilising the expertise of regional partners

www . lighting . philips . co . uk 47