Creating the supply chain of the future
Li & Fung was founded in 1906 as one of the first companies financed solely by Chinese capital to export to the West. Over a span exceeding 115 years, despite substantial changes and disruptions, the company has maintained one of the most extensive global supply chain networks. Presently, Li & Fung employs approximately 5,000 individuals and operates 54 offices across 30 global locations. By leveraging our extensive international reach, considerable experience, deep market insights, and advanced technologies, we assist brands and retailers in responding promptly to shifting consumer and production trends. Sustainability is a core aspect of our business strategy and planning processes. We are steadfast in our commitment to the principles of sound corporate governance, which emphasize transparency, accountability, and independence. We believe that adherence to these principles is crucial for achieving long-term success. In 1996, Li & Fung expanded its operations to Vietnam with the establishment of its first office in Ho Chi Minh City. By 1998, a second office was opened in Hanoi. Utilizing our industry influence, we have successfully united diverse stakeholders within the Vietnamese sector, including 200 factories and 135 suppliers, facilitating exports to 52 brands across various countries in both apparel and non-apparel segments. Currently, Vietnam represents the largest apparel production hub within Li & Fung's sourcing ecosystem. To harness the potential of the Vietnamese market and the young generation, we launched the MerT program in 2018. This initiative aims to provide opportunities for newcomers in the industry and enhance the value within the Li & Fung value chain. At present, MerT Vietnam has integrated around 20 talented individuals across various departments, including Merchandising, Operations, Color, Technical Design, and Human Resources. Purpose At Li & Fung, value has tangible meaning and we strive to deliver value to our stakeholders with each and every interaction. We also live by our values of humility, entrepreneurship and family and they are at the core of our relationship with our people, our partners and our commitment to reduce the harmful impact of our industry on the planet. Vision To deliver value in the global supply chains by living our values around our people, our partners and our planet. Value - Humility, Entrepreneurship, Family Our values form the basis of our culture, our brand and our business strategies. They define how we engage with our colleagues, with our customers and suppliers, our shareholders and the communities in which we live and work. Our values are the essence of who we are.