[PDF] [PDF] CREATING THE SUPPLY CHAIN OF THE FUTURE - Li & Fung

[PDF] HKIP 規 劃 與 拓 展 - MIT Architecture

11 sept 2020 · Wong Tak Sang Tam Tze Hoi, Tom Yeung Chi Wai Tang Wai Leung Kwan Yuen Ling, Paulina Yam Ya May, Lily Wong Fung Yee, Karen

[PDF] MIT International Science & Technology Initiatives (MISTI-China)

National Taiwan University Medical School “This summer, the Li and Fung Scholarship supported me to work in the lab of Dr Sung-Tsang Hsieh in Taipei, 

[PDF] CREATING THE SUPPLY CHAIN OF THE FUTURE - Li & Fung

by the Li Fung Foundation, to improve the lives Edward Lam Sung Lai 13 https://sloanreview mit edu/article/developing-innovative-solutions-through- 

[PDF] LI & FUNG LIMITED - HKEXnews

21 mar 2013 · Edward LAM Sung Lai PRINCIPAL Li Fung Limited, the Hong Kong- headquartered multinational group, is recognized as the world's leader Besides the Executive Leadership Program delivered through the MIT Sloan

[PDF] Fung Lecture Recital Document - KU ScholarWorks - The University

Etta Fung Submitted to the graduate degree program in Vocal Performance and the Graduate patterns: most of the Composer's phrases are three measures long and sung expressively in 4/4, So war es mit Pagliazzo und Mezzetin

[PDF] Sir Edward Youde Memorial Fund 1987-2007 - Working Family and

the Sir Edward Youde Memorial Fund for the support they shower on Our His other song, "Rolls Royce" sung by Denise HO was also a mIt t CHANMei 9Il II

[PDF] prüfung b1 deutsch pdf

[PDF] principe de subsidiarité droit

[PDF] principe de proportionnalité

[PDF] principe de subsidiarité exemple

[PDF] principe de suppléance

[PDF] principe de subsidiarité ue

[PDF] le principe de subsidiarité pdf

[PDF] principe de subsidiarité collectivités territoriales

[PDF] principe de subsidiarité management

[PDF] comment factoriser une expression sans facteur commun

[PDF] comment factoriser une expression développée

[PDF] receptionniste tournant salaire

[PDF] réceptionniste tournant horaire

[PDF] ministère de l'éducation nb

[PDF] profil de sortie nb

(Incorporated in Bermuda with limited liability)

Stock Code: 494Annual Report 2017

CREATING THE

SUPPLY CHAIN

OF THE FUTURE

Please scan the QR code

to read our report.

2 Our Three-Year Plan (2017-2019)

4 A Letter from Our Chairman

8 A Letter from Our CEO

12 Summary of the Year

14 Our Performance

42 Case Study: Digitizing the Product Development Cycle

44 Our Commitment to Good Governance

62 Our Approach to Risk Management

72 Our Board and Management Team

86 Sustainability @ Li & Fung

92 Our People

110 Our Supply Chain

128 Our Communities

138 Our Footprint

148 Information for Investors

149 Report of the Directors

165 Independent Auditor"s Report

170 Financial Statements

272 Ten-Year Financial Summary

274 Glossary

276 Corporate Information

Contents

Li & Fung Limited Annual Report 20172Our Three-Year Plan (2017-2019)

Our Three-Year Plan (2017-2019)

Our goal is to create the supply chain of the

future to help our customers navigate the digital economy and to improve the lives of one billion people in the supply chain. Speed

Our aim is to decrease lead times

and increase speed to market for our customers. We will be more agile and produce results more quickly by simplifying processes, using technology and embracing new ways of working with our customers and

other industry partners.DigitalizationDigitalization of the entire supply chain will drive speed and innovation. By digitizing key aspects of the supply chain from product development and sampling to raw materials management and costing, to the final creation and delivery of products, we are creating an end-to-end platform that will make the customer and vendor

engagement process more seamless, efficient and cost-effective, enabling us to deliver data-driven insights and customized services.

InnovationWe are embedding innovation not only into our product and service offerings but also in new business models and ways of working with our customers

and other ecosystem partners, enabling a culture of open innovation and collaboration. Our

Values

Across our business, three core values - entrepreneurship, being humble and the importance of family - form the basis of our culture, business strategies and brand, bringing us together and guiding what we do.

Sustainable

Governance

We are committed to the principles of transparency, accountability and independence, enhancing shareholder value.

Customer

Portal

Data Provider

(Financial Service Data, Government

Import Data, Weather and Traffic Data,

Industry Product Data)

Design Considerations

(Blockchain, AR / VR,

Machine Learning / AI, IoT)

Please scan the QR code

to learn about our journey to speed.

Please scan the QR code to

learn how we are creating the future of supply chains.Please scan the QR code to learn how we are innovating at Li & Fung.

3Li & Fung Limited Annual Report 2017Our Three-Year Plan (2017-2019) (continued)

Sustainability

in our Business Sustainability is integral to our business and planning process and is integrated into our three-year plans. Our role is to innovate, collaborate and support our partners in furthering sustainability performance across the supply chain. Our

Purpose

We aim to make a difference along the supply chain and in the communities where we live and work, supported by the Li & Fung Foundation, to improve the lives of a billion people. We harness our strengths, global networks, knowledge and our people, to effect scalable, sustainable change by activating communities, convening our partners along the supply chain and focusing on innovative solutions for exponential impact.

LF Platform

Vendor

Portal

D a ta Analytic s D a ta Analytic s

IntegrationSearchCompliance

TrackInspection

Order

Management

Digital

Library

Document

Library

Warehouse

Management

Transport

Management

Freight

Management

Costing

CollaborateMaterials

Marketplace

3D Modeling

Tools2D Design

ToolsSampling

& FittingFinance

The present Three-Year

Plan is one of the most

important in our history and we developed a new business model to take advantage of the new digital world and create the supply chain of the future.

Li & Fung Limited

Annual Report 20174A Letter from Our Chairman

A Letter from Our Chairman

5Li & Fung Limited Annual Report 2017A Letter from Our Chairman (continued)

Dear Shareholders,

In the last decade, all businesses around the

world have faced unprecedented change and disruption from technology and geopolitical turmoil. In many industries, companies need to create new business models and reinvent themselves. Li & Fung has a long history of embedding an institutionalized mechanism for reinvention in our three-year planning process.

We take a zero based approach in planning

our business every three years and rather than waiting until changes are upon us, we want to anticipate changes and have a system of governance and management that facilitates this. The present Three-Year Plan (2017-2019) is one of the most important in our history and we developed a new business model to take advantage of the new digital world and create the supply chain of the future for the global movement of consumer goods. This is the first year of our new Three-Year Plan and I am happy to report that we are firmly on track to meet our goals.

Uneven Global Economic

Growth

In the world"s biggest economy and our

biggest market, the US unemployment rate has been declining steadily and recently reached the lowest level in 17 years. Some of our customers in the retail sector saw the strongest holiday sales in more than a decade.

This momentum has given the Fed higher

confidence to unwind quantitative easing at a steady pace. While the US is seeing some economic green shoots, economic recovery is less visible in Europe. Asia, led by China, is seeing healthy economic trends with the fruits of decades of globalization turning into large middle class consumption and growing markets. I believe Asia will be the greatest winner in the economic growth story of the future.

US Tax Reform to Boost

Economy and Consumption

Our customers in the US should benefit

additionally from the Tax Cuts and Jobs Act.

The National Retail Federation (NRF), which

had been highly supportive of the tax reform and called its passing a major victory for retailers, estimates that savings from lower corporate tax bills can potentially translate to

500,000-1.5 million new jobs. We consider

the US tax reform a positive development and expect stronger consumption to result from wage growth and the wealth effect.

International Relations and

Trade Agreements

The world entered 2017 anticipating major

shifts in the geopolitical sphere and trade relationships as a new US president took office. Economic and political relationships have always been intertwined. As of March

2018, US, Canada and Mexico already had

multiple rounds of talks on changes to the

North American Free Trade Agreement

(NAFTA). Quick resolution seems unlikely given the election cycles in both the US and Mexico.

Sino-US economic relations continue to be

rocky. While the two countries collaborate on a wide range of matters such as security in the

Korean Peninsula, differences also manifest

themselves in potential trade frictions. The recent announcement by the US on potential punitive duties on Chinese exports to America is of grave concern to the whole world and to Li & Fung in particular. While so far, the target list of potential products does not include our main product categories, we will be monitoring changes in the landscape and have taken steps to prepare our customers and suppliers for any potential fallout. The fact that we have one of the largest sourcing networks in the world should allow us to cope with any potential production dislocation in this Sino-US conflict. However, we are hopeful that the two powers will be able to resolve their differences without triggering a trade war.quotesdbs_dbs4.pdfusesText_8