Hong Kong's Li & Fung Group was trading company known for skilful management of its supply chain. Bulk of its business came from the trading of textile products, which includes clothing and apparel, and the rest consisting of hard goods such as furniture, fireworks displays and promotional products. Its main market is the U.S., followed by Europe, which contributed about one-quarter turn. With the global economic downturn in 2009 after the collapse of the U.S. housing and credit markets, and with the fashion industry is expected to be severely affected, as Li & Fung could continue to develop their business and achieve the goal of doubling the turnover of $ 20 billion for the period 2008-2010 years? "Hide
by Steven Ko, Grace Lo Source: University of Hong Kong, 9 pages. Publication Date: September 30, 2009. Prod. #: HKU849-PDF-ENG
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