We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Nov 7, 20249:09pm

Li&Fung jumps on digitalization names chief digital officer

The company incorporated Darrel Palfrey to its team to lead the new digital strategy of the group. The objective is to build an integrated platform that connects retailers and suppliers.

Jan 22, 2019 — 5:49pm
MDS
Save

Li&Fung jumps on digitalization names chief digital officer

 

 

Li&Fung bets on digitalization. The Chinese distribution giant, owner of Global Brands group, took a step forward in its digital strategy with the creation of the post of chief digital officer.

 

Such post will be assumed by Darrel Palfrey, who joined the company coming from Gravity Supply Chain, a company specialized in logistics and supply chain founded by himself. As Li&Fung explained in a press release, the new digital plan of the company is to build a platform that will bring together the 8,000 retailers and the 15,000 suppliers the group works with.

 

The company currently finds itself in the midst of a transformation process towards digitalization. “Our role as a traditional supply company is undergoing a rapid transition to become a supplier of services and solutions for the chain that technology and data use to create value,” explained Spencer Fung, CEO of the company in a press release.

 

Li&Fung, which is quoted on Hong Kong stock market, ended the first half of the year with 59 million dollars in the red, compared to net profits of 133 million dollars on the same period of 2017.

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...