For the German fan manufacturer Ebm-Papst, de-risking means more, not less, investment in China. From the medium-sized company’s point of view, this is a necessity owing to the geopolitical situation. Ebm-Papst’s strategy is called „local for local.“ Klaus Geissdoerfer, CEO of Ebm-Papst since 2021, explains: „We are localizing our business in each of the three major regions – the Americas, Europe and Asia – with the aim of ensuring that these divisions can also function independently and autonomously in the event of a crisis.“