Li & Fung Research Paper

Li & Fung Research Paper-80
Li & Fung pioneered “flat world” success to become a leading supplier of garments and other consumer goods for the world’s top brands and retailers – without owning a single factory.

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Value Chain Logistics took a holistic view of the entire value chain by positioning logistics as the fundamental enabler to drive maximum efficiency and responsiveness in all the steps: from manufacturing to distribution to the final consumers.They must set an agenda for peace and prosperity for the next 100 years that integrates the realities of our new age of shifts in geopolitics and the global economy, the emergence of a digitalized world, environmental concerns and action with the need for new institutions adapted to these new realities.China’s department store sector has gone through some ups and downs in the last decade.In one part of the research, MIT Sloan conducted in-depth analyses at three large organizations (one in health care, one in telecommunications, and one in retail), and conducted interviews with the executives in charge of the internal crowdsourcing.At fashion and retail company Li & Fung Ltd., MIT Sloan had access to the ideas, documents, and thinking process behind the design of an internal crowdsourcing event.Synopsis: This case study examines the evolution of Li & Fung from a traditional trading company into a global consumer goods export trading giant and a manager of customers’ supply chains.It discusses the company’s efforts to constantly evolve its business model in response to the changes in the external environment and the customer needs and preferences.Li & Fung’s digital transformation and vision of creating the supply chain of the future is featured.Synopsis: This case study is based on a four-year, multi-method research project with companies engaged in internal crowdsourcing.At the International Chamber of Commerce (ICC)’s centenary celebration, Dr.Victor Fung gave a speech that urges world leaders to embark on a new century of sustainable, inclusive trade, riding on the many global shifts transforming our world and the potential economic consequences of the current trade tensions. Fung strongly believes the ICC must speak up louder on the pressing need to reform and renew the multilateral system with a revitalized WTO at its core.


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