Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have s disabled. For the best experience of this website, please enable s in your browser

Drapers Top 100 2017 – 76. Spencer Fung, CEO, Li & Fung

NEW ENTRY

Spencer Fung is the 44-year old, Silicon Valley-trained CEO of billion-pound global supply chain company Li & Fung, the 111-year-old business founded by his great-grandfather. The business remains tight-lipped about its client base, but it is believed that Li & Fung works with all of the UK’s biggest names, from supermarkets to high street retailers.

This year, Fung takes the place of his father, Victor Fung, in the Top 100. While Victor remains honorary chairman, it is Spencer, as CEO, who is leading the current shake-up of the business.

In March, Fung announced his three-year plan with which he is aiming to revolutionise not only the family business, but also the wider industry, by creating the supply chain of the future.

He kick-started this $150m (£111m) plan with the implementation of digital design and virtual sampling, which is already speeding up the sample production process and in turn the supply chain.

Fung’s changes appear to be having a positive impact on the company’s bottom line. For the six months to 30 June, operating profit increased 12% to £132.5m, although turnover edged down by 2.1% to £5.66bn.

Back to the Drapers Top 100 2017

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.

https://velotime.com.ua

https://progressive.ua

best-cooler.reviews/portable-freezer-fridge-from-world-famous-brand/