DSM CEO advises to make globalization more inclusive for all
Updated 16:09, 21-Jun-2019
CGTN Global Business

Globalization has been bringing prosperity to billions of people in the world and a more inclusive globalization through re-education and re-skilling should be the solution to settle the trade tensions, according to Feike Sijbesma, CEO of DSM, which is a global science-based company in Nutrition, Health and Sustainable Living.

“Globalization has brought prosperity for billions of people in the world, but not for all. Some people in some countries have missed the benefits of globalization. Now you can put fence around it and protect it. But it is not a good measure. You can better re-educate, re-skill [people]. I think that should be the solution. And that means we should make globalization more inclusive for all,” Sijbesma explained.

Based on the CEO’s words, the business has been influenced by the ongoing trade frictions, “but so far it’s limited.” And DSM isn’t letting the tensions affect its businesses in China.

The CEO confirmed that the company would “definitely” increase its investments in China, considering DSM as “a little bit Chinese company.”

Feike Sijbesma, CEO of DSM/ CGTN Photo

Feike Sijbesma, CEO of DSM/ CGTN Photo

“Our businesses have been doing well in China and have been growing more than 10 percent last year. We benefit from the urbanization. And the second thing which happens in our business is the drive for the right quality of food, food security and food safety. And we make food healthier and we produce locally. In China we have more than 5000 people with more than 25 locations. So we feel being a little bit Chinese company also,” he said.

Moreover, the CEO admired China’s steps in “adapting continuously to the new situation”, and forecasted that the country will do well in “manufacturing plus innovation plus service” in the future.

“Innovation became more important to do locally in China… What I admired Chinese leaderships and China is the reforms and adapting continuously to the new situation, is what China has been doing in recent decades, and again announcing further opening up and further reform,” he told CGTN, adding that “in the U.S. or in the Europe we should do the same.”