Li & Fung Group, based in Hong Kong was a famous trading company by skilful management of its supply chain. Most of their business comes from the exchange of non-durable goods, including clothing and apparel, the remainder consisting of durables such as furniture, fireworks and promotional items property. Its main market is the U.S., followed by Europe, representing about a quarter of its turnover. Would be seriously affected by the global economic downturn in 2009 after the collapse of the housing markets in the U.S. and credit industry and how Li & Fung could continue its business and achieve the goal of doubling its turnover to U.S. . States. $ 20 billion for the period 2008-2010?
Source: University of Hong Kong
Release: September 30, 2009. Prod #: HKU849-PDF-ENG
Li & Fung: Growth of a box supply chain solution specialist