Custom post type with custom taxonomy including fields

Hi, I’m quite new to WordPress but already figuring out how custom post types and taxonomy work, but what I want is going next level for me. Could someone help me out?

I want to have an permalink structure like this:
https://www.[website].com/%5Blocation%5D/%5Bproduct%5D
https://www.[website].com/%5Blocation%5D/%5Bsublocation%5D/%5Bproduct%5D

a [product] holds:

• title
• description
• image

On the post type I want to include the location.

a [location] holds:

• location_name
• telephone

I want WordPress to “link” the post information so when I make a product named ‘shirt’ and link several [location]’s like ‘europe’, ‘america’, ‘asia’, several permalinks should be available:

https://www.[website].com/europe/shirt
https://www.[website].com/america/shirt
https://www.[website].com/asia/shirt

The only difference has to do with the location_name and the telephone number on the post template.

Is this the right way to think or is there an other way to accomplish this.