Introduction to HP Inc.
HP Inc. stands as a global technology titan, committed to crafting innovative solutions that empower individuals, businesses, and communities to realize their visions and connect meaningfully. Operating in over 170 countries with a workforce of approximately 58,000 employees, HP delivers a comprehensive portfolio of devices, services, and subscriptions spanning personal computing, printing, 3D printing, hybrid work, gaming, and related technologies. Renowned for its leadership in innovation, sustainability, and market dominance, HP continues to redefine the future of work and technology. This extensive exploration delves into HP’s operations, strategic vision, leadership insights, sustainability initiatives, detailed financial performance, legal and compliance framework, governance practices, and innovation milestones, offering a thorough understanding of what propels this industry leader forward.
Leadership Vision and Strategic Direction
Enrique Lores, President and CEO
Enrique Lores, HP’s President and CEO, has navigated the company through a year of remarkable progress, emphasizing innovation, adaptability, and strategic growth to meet the evolving demands of a global market. His leadership is centered on delivering solutions that empower customers while positioning HP for sustained success.
Key Achievements in Fiscal 2024:
- Groundbreaking Product Launches: HP introduced the Workforce Experience Platform, a suite of tools designed to enhance productivity and foster seamless collaboration across distributed teams. The AI PC portfolio was launched to revolutionize hybrid work environments, offering advanced computing capabilities powered by local AI processing. Additionally, the HP All-In Subscription Print Plan was rolled out to provide consumers with a convenient, subscription-based printing solution, simplifying access to supplies and services.
- Robust Financial Performance: HP achieved a net revenue of $53.6 billion, with key growth areas—such as AI-driven products, services, and subscriptions—contributing approximately 20% of total revenue. This performance underscores HP’s ability to capitalize on emerging market trends and deliver value to stakeholders.
- AI Integration Across the Ecosystem: HP has strategically embedded artificial intelligence into its product portfolio and internal operations. This adoption has driven significant operational efficiencies, including reduced customer call times, streamlined supply chain processes, and enhanced product development cycles, ultimately improving customer satisfaction and business agility.
Lores highlights the transformative shifts in the work landscape, where businesses demand highly productive, innovative workforces to remain competitive, while employees seek fulfillment, purpose, community, and opportunities for growth. HP addresses these dual imperatives by delivering cutting-edge technologies tailored for diverse work models, including remote, hybrid, flexible, and in-office environments. Through collaborative tools, intelligent devices, and secure solutions, HP ensures that organizations and their employees can thrive in any setting.
Strategic Priorities for the Future:
- AI as a Core Pillar: HP is doubling down on AI-powered innovations, particularly through its AI PC lineup, which integrates advanced computational capabilities to meet the demands of modern work. The newly formed Technology and Innovation Organization (TIO) is tasked with accelerating these efforts, fostering an ecosystem of interconnected products that drive efficiency and user engagement.
- Commercial Sector Expansion: Recognizing the faster growth in commercial markets, HP is intensifying its focus on enterprise solutions. By integrating personal systems, print, and services, HP delivers a unified experience that addresses the complex needs of businesses, from small startups to global corporations.
- Consumer Market Opportunities: HP is targeting high-growth consumer segments, including premium products, gaming, and subscription-based services. These areas offer significant potential for profitability and deeper customer relationships, catering to discerning users seeking quality and innovation.
- Digital Transformation Leadership: HP continues to invest heavily in advanced technologies, from cloud-based platforms to smart devices, to maintain its competitive edge. These efforts enable HP to anticipate industry trends and deliver solutions that empower customers to navigate a digital-first world.
- Unified Operational Model: Embracing the “One HP” philosophy, the company fosters seamless collaboration across its teams, technologies, and customer touchpoints. This unified approach leverages HP’s collective expertise in personal systems, print, and services to deliver consistent, high-impact experiences that drive innovation and customer satisfaction.
Lores expresses unwavering optimism about HP’s ability to lead the future of work, delivering solutions that enhance business productivity and individual fulfillment. He acknowledges the critical role of stakeholders, thanking them for their trust and partnership as HP charts the next era of technology and work.
Chip Bergh, Chair of the Board
Chip Bergh, Chair of HP’s Board of Directors, extends a warm invitation to stakeholders for the virtual annual meeting scheduled for April 14, 2025. He reflects on HP’s steady progress in fiscal 2024, despite a dynamic and challenging global environment, and praises the executive team’s execution of the Future Ready strategy, which emphasizes innovation, AI integration, and operational efficiency.
Employee Engagement and Workplace Culture: Bergh underscores HP’s commitment to fostering a vibrant, inclusive workplace. A 2024 Voice Insight Action survey, with an impressive 90% response rate, revealed that 88% of employees are proud to work at HP, 87% find their work meaningful, and 86% would recommend HP as an exceptional place to work. These results highlight HP’s strong culture of empowerment, inclusion, and purpose-driven work, which drives employee satisfaction and organizational success.
Strengthening Board Expertise: To bolster HP’s leadership in the future of work, the Board welcomed three new members, each bringing unique expertise to guide the company’s strategic direction:
- Fama Francisco (June 2024): As CEO of Baby, Feminine, and Family Care at Procter & Gamble, Francisco brings extensive experience in consumer brand-building, global innovation, and market strategy, enhancing HP’s ability to connect with diverse consumer segments.
- Gianluca Pettiti (February 2025): Serving as Executive Vice President and President of Life Sciences, Diagnostics, and Applied at Thermo Fisher Scientific, Pettiti contributes deep expertise in global technology businesses, scientific innovation, and operational leadership, strengthening HP’s technological capabilities.
- Songyee Yoon (February 2025): As Managing Partner at Principal Venture Partners, Yoon offers valuable insights into technology, artificial intelligence, and international business, positioning HP to navigate the complexities of a global market.
Bergh emphasizes the importance of stakeholder engagement, urging stockholders to participate in the annual meeting through proxy voting via online platforms, phone, mail, or during the virtual event. He expresses gratitude for the continued support of HP’s stakeholders, which fuels the company’s momentum and growth.
Core Business Operations and Market Position
HP’s global operations and innovative portfolio cement its position as a leader in the technology sector. The company operates through three primary segments, each contributing to its mission of delivering transformative solutions:
- Personal Systems: This segment encompasses a wide range of products, including desktops, notebooks, AI-powered workstations, thin clients, retail point-of-sale systems, displays, and hybrid systems. It also includes software solutions, endpoint security, and services designed to enhance user experiences and protect distributed workforces in an increasingly digital world.
- Printing: HP offers consumer and commercial printer hardware, supplies, services, and solutions, incorporating intelligent features tailored for home, office, and graphics applications. These solutions ensure high-quality output, seamless functionality, and cost efficiency, meeting the diverse needs of customers.
- Corporate Investments: This segment focuses on business incubation and investment projects, fostering innovation and exploring new growth opportunities to keep HP at the forefront of technological advancements.
Fiscal 2024 Performance Highlights:
- Net Revenue: HP recorded $53.6 billion in revenue, with growth areas such as AI-driven products, services, and subscriptions accounting for approximately 20% of the total. This performance reflects HP’s ability to tap into high-demand markets and deliver value to customers.
- Non-GAAP Operating Profit: The company achieved $4.5 billion in non-GAAP operating profit, demonstrating strong financial discipline and operational efficiency.
- Non-GAAP Free Cash Flow: HP generated $3.3 billion in non-GAAP free cash flow, providing the financial flexibility to invest in innovation, acquisitions, and shareholder returns.
- Market Leadership: HP holds the #1 position in the PC market (excluding China) and the printing market, according to CQ324 IDC Quarterly Tracker data, reinforcing its dominance in these critical segments.
- Innovation Portfolio: With a robust portfolio of 22,000 patents, HP continues to drive groundbreaking research and development, ensuring its products remain at the cutting edge of technology.
- Global Scale: HP operates in over 170 countries, supported by a dedicated workforce of approximately 58,000 employees as of October 31, 2024.
Advancements in AI and Security: HP is at the forefront of leveraging AI to transform work and life. Its new line of AI PCs and workstations offers enhanced performance through local AI processing, enabling faster computing, advanced analytics, and personalized user experiences. In printing, HP integrates intelligent features that streamline operations for home and office users, improving efficiency and reducing costs. HP’s security solutions are designed to protect distributed workforces, featuring hardware-enforced endpoint security software for both HP and non-HP devices, as well as AI-driven deep-learning capabilities to identify and neutralize malware threats. These advancements ensure that HP’s products are not only innovative but also secure, addressing the growing concerns of cybersecurity in a digital-first world.
Strategic Vision: Future Ready Strategy
HP’s Future Ready strategy is a comprehensive roadmap for leading the technology industry in an era of rapid transformation. The strategy is built on five key pillars, each designed to capitalize on emerging opportunities and address the evolving needs of customers:
- AI-Driven Innovation: AI is central to HP’s vision, with significant investments in AI-powered capabilities across its product portfolio. The Technology and Innovation Organization drives these efforts, fostering the development of interconnected products that enhance user experiences, streamline operations, and unlock new possibilities.
- Commercial Market Growth: HP is accelerating its presence in the commercial sector, which is growing faster than consumer markets. By integrating personal systems, print, and services, HP delivers comprehensive solutions that meet the diverse needs of enterprise clients, from productivity tools to secure infrastructure.
- Consumer Segment Focus: HP is targeting high-growth consumer categories, including premium products, gaming, and subscription-based services. These areas offer significant opportunities for profitability and deeper customer engagement, catering to users seeking high-quality, innovative solutions.
- Digital Transformation Leadership: HP continues to invest in advanced technologies, from cloud-based platforms to smart devices, to maintain its competitive edge. These efforts enable HP to anticipate industry trends and deliver solutions that empower customers to thrive in a digital-first world.
- Operational Unity as One HP: By fostering collaboration across teams, technologies, and customer touchpoints, HP ensures seamless, high-impact experiences. This unified approach leverages the company’s expertise to deliver smarter, more efficient solutions that drive customer satisfaction and business success.
These strategic priorities are underpinned by HP’s commitment to performance, sustainability, and security. Every initiative is designed to align with the company’s core values, ensuring that HP not only meets customer expectations but also sets new standards for excellence in the technology industry.
Commitment to Sustainability
HP’s Sustainable Impact program reflects its belief that how it operates is as critical as what it produces. The program is structured around three key pillars, each addressing pressing global challenges:
- Climate Action: HP is working toward net zero carbon emissions across its entire value chain, restoring more to forests than it consumes, and innovating for a circular economy. For example, HP’s use of recycled paper has resulted in significant environmental savings, including 12.874 tons of wood, 6180 gallons of water, 32.47 million BTUs of energy, 264 pounds of solid waste, and 33,420 pounds of CO₂ emissions. These efforts demonstrate HP’s dedication to reducing its environmental footprint while promoting sustainable practices across its operations.
- Human Rights: HP fosters a culture of equity, inclusion, and empowerment, both within its organization and in the communities it serves. By celebrating diversity and respecting universal human rights, HP creates an environment where all individuals can thrive, fostering innovation and collaboration.
- Digital Equity: HP is committed to accelerating equitable access to education, healthcare, and economic opportunities for traditionally excluded communities. Through its solutions, partnerships, and initiatives, HP enables these communities to participate and succeed in the digital economy, bridging gaps and creating opportunities for growth.
HP’s vision is to create technology that makes life better for everyone, everywhere. Its sustainability initiatives are a critical part of this mission, ensuring that the company’s impact extends beyond innovation to create positive, lasting change on a global scale. For more details, HP’s annual Sustainable Impact Report is available on its website, providing a comprehensive overview of its environmental, social, and governance (ESG) efforts.
Detailed Financial Performance
HP’s financial strength in fiscal 2024 reflects its resilience, strategic focus, and operational efficiency. Below are the key financial statements, providing a detailed view of the company’s performance.
Consolidated Statement of Earnings (Profit & Loss)
| (In millions, except per share) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net revenue | $53,558 | $53,718 | $62,983 |
| Cost of revenue | $41,811 | $42,171 | $50,651 |
| Gross profit | $11,747 | $11,547 | $12,332 |
| Research and development | $1,664 | $1,580 | $1,659 |
| Selling, general and administrative | $5,423 | $5,368 | $5,695 |
| Restructuring and other charges | $204 | $741 | $218 |
| Acquisition and divestiture charges | $17 | $83 | $86 |
| Amortization of intangible assets | $350 | $352 | $209 |
| Earnings from operations | $4,089 | $3,423 | $4,465 |
| Interest and other, net | $(512) | $(555) | $(235) |
| Earnings before taxes | $3,577 | $2,868 | $4,230 |
| Provision for taxes | $(624) | $403 | $(1,048) |
| Net earnings | $2,953 | $3,271 | $3,182 |
| Net earnings per share (basic) | $3.00 | $3.29 | $3.09 |
| Net earnings per share (diluted) | $2.98 | $3.26 | $3.05 |
Analysis: Net revenue remained stable at $53.6 billion, with a slight decline from 2023 due to market dynamics. Gross profit increased to $11.7 billion, driven by a lower cost of revenue, reflecting improved supply chain efficiencies. Operating earnings rose to $4.1 billion, benefiting from significantly reduced restructuring charges ($204 million vs. $741 million in 2023). However, net earnings decreased to $2.95 billion from $3.27 billion, primarily due to a shift in tax provisions, with a $624 million expense in 2024 compared to a $403 million benefit in 2023. The diluted earnings per share of $2.98 reflect HP’s ability to maintain profitability despite external pressures.
Consolidated Balance Sheet
| (In millions) | 2024 | 2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $3,141 | $3,170 |
| Accounts receivable, net | $5,135 | $4,307 |
| Inventory | $8,154 | $6,855 |
| Other current assets | $4,150 | $3,550 |
| Total current assets | $20,580 | $17,882 |
| Property, plant and equipment, net | $2,986 | $2,827 |
| Goodwill | $9,208 | $8,591 |
| Other non-current assets | $4,279 | $7,143 |
| Total assets | $37,053 | $36,443 |
| Liabilities and Stockholders’ Deficit | ||
| Accounts payable | $15,268 | $14,047 |
| Debt, current portion | $529 | $277 |
| Other current liabilities | $10,251 | $10,327 |
| Total current liabilities | $26,048 | $24,651 |
| Long-term debt | $9,229 | $9,258 |
| Other non-current liabilities | $3,664 | $4,121 |
| Total liabilities | $38,941 | $38,030 |
| Common stock | $10 | $10 |
| Additional paid-in capital | $2,013 | $1,656 |
| Retained earnings (deficit) | $(2,671) | $(1,997) |
| Accumulated other comprehensive loss | $(1,240) | $(1,256) |
| Total stockholders’ deficit | $(1,888) | $(1,587) |
| Total liabilities and stockholders’ deficit | $37,053 | $36,443 |
Analysis: Total assets grew to $37.1 billion, driven by increases in accounts receivable ($5.1 billion), inventory ($8.2 billion), and goodwill ($9.2 billion), reflecting strategic acquisitions and operational growth. Current liabilities rose to $26.0 billion, primarily due to higher accounts payable ($15.3 billion), indicating increased supplier obligations. Long-term debt remained stable at $9.2 billion, while the stockholders’ deficit widened to $1.89 billion, driven by a larger retained earnings deficit, partly due to stock repurchases and dividends.
Consolidated Statement of Cash Flows
| (In millions) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Operating Activities | |||
| Net earnings | $2,953 | $3,271 | $3,182 |
| Depreciation and amortization | $851 | $851 | $780 |
| Stock-based compensation | $423 | $436 | $343 |
| Restructuring and other charges | $204 | $741 | $218 |
| Deferred taxes | $(135) | $(1,493) | $416 |
| Changes in assets/liabilities: | |||
| Accounts receivable | $(803) | $475 | $1,404 |
| Inventory | $(1,241) | $695 | $1,176 |
| Accounts payable | $1,155 | $(1,165) | $(2,093) |
| Other assets/liabilities | $1,058 | $(1,103) | $(1,091) |
| Net cash from operating activities | $4,465 | $2,708 | $4,463 |
| Investing Activities | |||
| Capital expenditures | $(536) | $(616) | $(791) |
| Acquisitions, net | $(1,082) | $0 | $(2,763) |
| Other investing activities | $143 | $41 | $74 |
| Net cash from investing activities | $(1,475) | $(575) | $(3,480) |
| Financing Activities | |||
| Stock repurchases | $(1,600) | $(100) | $(4,297) |
| Dividends | $(1,070) | $(1,041) | $(1,037) |
| Debt issuance/repayment, net | $(273) | $(1,705) | $2,774 |
| Other financing activities | $(48) | $(60) | $(177) |
| Net cash from financing activities | $(2,991) | $(2,906) | $(2,737) |
| Net change in cash | $(1) | $(773) | $(1,754) |
| Cash at beginning of period | $3,232 | $4,005 | $5,759 |
| Cash at end of period | $3,231 | $3,232 | $4,005 |
Analysis: Operating cash flow surged to $4.5 billion, driven by net earnings and favorable working capital adjustments, particularly in accounts payable and other liabilities. Investing activities consumed $1.5 billion, primarily due to acquisitions ($1.1 billion) and capital expenditures ($536 million). Financing activities used $3.0 billion, reflecting significant stock repurchases ($1.6 billion) and dividend payments ($1.1 billion), underscoring HP’s commitment to shareholder returns.
Additional Financial and Operational Insights
- Warranty Liabilities: Product warranty liabilities decreased from $706 million in 2023 to $550 million in 2024, reflecting the effectiveness of HP’s rigorous quality programs, proactive supplier monitoring, and efficient claim settlements. These efforts ensure high product reliability and customer satisfaction.
- Unconditional Purchase Obligations: As of October 31, 2024, HP had $1.4 billion in enforceable purchase obligations, primarily for inventory, service support, and operational commitments. Of this total, $896 million is due in fiscal 2025, with the remainder spread over subsequent years through 2029 and beyond, ensuring supply chain stability.
- Leasing Operations: HP’s operating lease liabilities totaled $1.23 billion, with a weighted-average remaining lease term of 4.1 years and a discount rate of 6.5%. Lease expenses remained stable at $336 million for both 2024 and 2023, covering real estate and outsourced warehousing contracts. HP’s leasing strategy includes combining lease and non-lease components for certain contracts, ensuring accurate valuation of right-of-use (ROU) assets and liabilities.
- Internal Control Challenges: HP identified a material weakness in its internal control over financial reporting, specifically related to IT general controls for user access, change management, and job schedule monitoring in certain software applications affecting net revenue, cost of revenue, and other financial statement items. While this weakness did not result in material misstatements, it poses a risk of potential errors. HP is actively designing enhanced controls under the oversight of its Audit Committee, with ongoing efforts to remediate the issue and ensure the controls operate effectively over time.
- Stockholder Returns: HP returned significant value to shareholders in 2024, repurchasing $1.6 billion in common stock and paying $1.1 billion in dividends. These actions reflect HP’s commitment to delivering consistent returns while maintaining financial flexibility for growth investments.
Legal and Compliance Framework
HP maintains a robust legal and compliance framework to address challenges and protect its operations:
- Patent Litigation Resolutions: HP faced litigation from R2 Semiconductor, which alleged that HP products containing certain Intel processors infringed a European patent. An adverse judgment from the Düsseldorf Regional Court in February 2024 imposed an injunction and recall order in Germany. HP appealed, and Intel resolved all related litigation in August 2024, dismissing claims against HP. Similarly, HP resolved litigation with Access Advance and its patent pool members (Dolby, Mitsubishi, and Philips) over HEVC video codec patents in October 2024, with an immaterial issue pending third-party resolution. These resolutions demonstrate HP’s proactive approach to managing intellectual property disputes.
- Environmental Stewardship: HP is engaged in environmental investigations and remediation activities under federal, state, and international laws, including the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). These efforts involve current and former operating sites, as well as disposal sites, and are conducted pursuant to administrative orders or consent agreements with environmental agencies. HP’s commitment to environmental responsibility ensures compliance and minimizes ecological impact.
- Guarantees and Indemnifications: In the ordinary course of business, HP issues performance guarantees to clients and customers, some backed by standby letters of credit or surety bonds. The likelihood of HP having to perform under these guarantees is remote, reflecting the reliability of its products and services. HP also provides indemnifications to vendors and customers against intellectual property infringement claims, with historically immaterial payments. Additionally, HP maintains cross-indemnifications with Hewlett Packard Enterprise, established during their 2015 separation, to allocate liabilities appropriately, ensuring clarity and fairness in responsibility allocation.
- Contractual Obligations: Beyond purchase and lease obligations, HP has commitments under various contracts, including debt obligations with principal and interest payments due through 2033. These obligations are detailed in the company’s financial disclosures, providing transparency to stakeholders.
HP’s proactive approach to legal and compliance matters ensures that it can navigate complex challenges while maintaining its reputation as a responsible corporate citizen.
Corporate Governance and Stakeholder Engagement
HP’s governance practices are designed to support its strategic objectives, foster trust among stakeholders, and ensure long-term value creation:
- Annual Meeting Details: HP’s virtual annual meeting, scheduled for April 14, 2025, at 2:00 p.m. Pacific Time, will address critical proposals, including the election of 13 directors (12 of whom are independent, led by an independent Chair), the ratification of Ernst & Young LLP as the independent registered public accounting firm for fiscal 2025, and an advisory vote on named executive officer compensation, known as the “say on pay” vote. The Board recommends voting in favor of each proposal, emphasizing its commitment to aligning executive compensation with stockholder interests through a pay-for-performance philosophy.
- Board Composition and Expertise: HP’s Board is composed of diverse, experienced leaders who provide strategic oversight and guidance. The recent additions of Fama Francisco, Gianluca Pettiti, and Songyee Yoon enhance the Board’s capabilities in consumer branding, global technology, scientific innovation, AI, and international business, ensuring HP is well-equipped to lead in the future of work.
- Stakeholder Participation: Stockholders of record as of February 20, 2025, can participate in the annual meeting via the virtual platform at www.virtualshareholdermeeting.com/HPQ2025, using a 16-digit control number provided in proxy materials. Voting options include online, phone, mail, or during the meeting, ensuring accessibility and representation for all stakeholders. HP encourages early voting to ensure stockholder voices are heard.
- Insider Trading Policies: HP maintains comprehensive insider trading policies, filed as Exhibit 19, to promote compliance with securities laws. These policies govern the purchase, sale, and disposition of HP securities by directors, officers, employees, contractors, and the company itself, ensuring transparency, integrity, and fairness in all transactions.
- Executive Compensation Philosophy: HP’s compensation programs are designed to attract, retain, and motivate top talent while aligning with stockholder interests. The “say on pay” vote provides stockholders an opportunity to express their views on executive compensation, reinforcing HP’s commitment to transparency and accountability.
HP’s governance framework is built on transparency, accountability, and stakeholder engagement, fostering confidence in the company’s leadership and strategic direction.
Innovation at the Core of HP’s Success
Innovation is the heartbeat of HP’s operations, driving its ability to anticipate and meet customer needs in a rapidly evolving world. With a portfolio of 22,000 patents, HP continues to push the boundaries of technology:
- AI-Powered Solutions: HP’s AI PCs and workstations deliver enhanced performance through local AI processing, enabling faster computing, advanced analytics, and personalized user experiences. These solutions are designed to meet the demands of modern work environments, from data-intensive tasks to creative applications.
- Intelligent Printing Technologies: HP’s printing portfolio incorporates intelligent features that streamline operations for home, office, and graphics users. These advancements improve efficiency, reduce costs, and enhance the user experience, making printing more accessible and sustainable.
- Advanced Security Solutions: HP’s security offerings include hardware-enforced endpoint protection for both HP and non-HP devices, as well as AI-driven deep-learning capabilities to detect and neutralize malware threats. These solutions provide layered resiliency, protecting users in an increasingly distributed and digital world.
- 3D Printing and Emerging Technologies: HP’s advancements in 3D printing are transforming industries such as manufacturing, healthcare, and design, offering innovative solutions for rapid prototyping and production. The company’s focus on emerging technologies ensures it remains a leader in shaping the future of technology.
HP’s commitment to innovation ensures that its products and services remain at the forefront of the industry, delivering unparalleled value to customers and stakeholders.
Global Operations and Supply Chain Excellence
HP’s global operations are supported by a sophisticated supply chain that ensures the timely delivery of high-quality products and services. The company’s supply chain strategy focuses on agility, sustainability, and resilience:
- Global Manufacturing and Distribution: HP operates manufacturing facilities and distribution centers across the Americas, Europe, Asia-Pacific, and Africa, enabling efficient production and delivery to customers in over 170 countries.
- Supplier Relationships: HP collaborates with a vast network of suppliers to source high-quality components and materials. The company’s supplier management programs emphasize quality, sustainability, and ethical practices, ensuring alignment with HP’s values.
- Sustainability in the Supply Chain: HP integrates sustainability into its supply chain by prioritizing recycled materials, reducing energy consumption, and minimizing waste. These efforts align with the company’s broader climate action goals and contribute to a circular economy.
- Risk Management: HP employs robust risk management practices to mitigate disruptions in its supply chain, including geopolitical risks, natural disasters, and market volatility. These practices ensure continuity and reliability for customers.
HP’s supply chain excellence is a critical component of its operational success, enabling the company to deliver innovative solutions to customers worldwide while maintaining high standards of quality and sustainability.
Conclusion
HP Inc. stands as a global technology leader, poised to shape the future of work and innovation. With $53.6 billion in revenue, a robust portfolio of AI-driven products, and a steadfast commitment to sustainability, HP delivers solutions that empower businesses to achieve greater productivity and individuals to find professional fulfillment. Its Future Ready strategy, focusing on AI innovation, commercial expansion, consumer opportunities, digital transformation, and operational unity as “One HP,” positions the company for continued success.
