HKUST and Li & Fung Launch Supply Chain Institute to Navigate Challenges and Tap Opportunities amid Fast-changing Business Dynamics
24 May 2024
Mr. Michael WONG Wai-Lun, Acting Financial Secretary of the Government of the Hong Kong Special Administrative Region (fifth right); Prof. Nancy IP, HKUST President (fourth left); Dr. Victor FUNG, Group Chairman of the Fung Group (fourth right); Dr. Vincent LO, HKUST Honorary Court Chairman (third left); Dr. William FUNG, Group Deputy Chairman of the Fung Group (third right); Prof. TAM Kar-Yan, Dean of Business and Management, HKUST (second left); Prof. Hau LEE, Chair of the Institute’s Academic Committee (second right); Prof. Qing LI, the Institute’s Director (first left) and Mr. Spencer FUNG, Group Executive Chairman, Li & Fung (first right) unveil the plaque of HKUST Li & Fung Supply Chain Institute.
Dr. William FUNG, Group Deputy Chairman of the Fung Group delivers a speech.
Four Panelists share their point of view on Supply Chain Challenges & Innovation in the Panel Discussion.
Prof. Qing Li, Director of the Institute and Deputy Head of the Department of Information, Business Statistics, and Operations Management, introduces the work and key areas of development of the Institute.
The Hong Kong University of Science and Technology (HKUST) and Li & Fung, a member of Fung Group, jointly announced today the establishment of the HKUST Li & Fung Supply Chain Institute (the Institute), aimed at advancing research and practices in global supply chain management (SCM) innovation.
 
The Institute brings together HKUST’s research excellence and Li & Fung’s industry expertise in supply chain management to drive real-world impact across the Greater Bay Area, Greater China, Asia, and globally, while contributing to Hong Kong’s development into a multinational supply chain management center — a strategic objective highlighted in the city’s latest Budget. It aims to reach these goals by engaging in collaborative research, developing business intelligence through industry research and policy studies, and fostering talent development through customized executive education and partnership programs.
 
The Institute’s launch ceremony featured addresses from officiating guests Mr. Michael WONG Wai-Lun, Acting Financial Secretary of the Government of the Hong Kong Special Administrative Region (HKSAR); Prof. Nancy IP, President of HKUST; Dr. Victor FUNG, Group Chairman of the Fung Group; and Dr. William FUNG, Group Deputy Chairman of the Fung Group. The ceremony was a highlight of the Institute's inauguration summit today, dedicated to the theme “Navigating Global Supply Chain Challenges & Innovation,” and attended by over 150 government officials, lawmakers, business leaders, HKUST Court and Council members and friends of HKUST including Dr. Vincent LO, HKUST Honorary Court Chairman and Chairman of Shui On Holdings.
 
For more details, please refer to the Press Release:
https://hkust.edu.hk/news/institutional-advancement/hkust-and-li-fung-launch-supply-chain-institute
 
Video Highlights:
https://www.youtube.com/watch?v=G2LoXssH0xY
 
Full Video:
https://www.youtube.com/watch?v=NsvZEj-95Qc
 
Program:
  1. Panel Discussion moderated by Prof. Hau L. LEE, The Thoma Professor of Operations, Information & Technology, Emeritus, Stanford Graduate School of Business
Panelists:
  • Mr Andy TUNG, Managing Partner, QBN Capital
  • Mr Joseph PHI, Group Chief Executive Officer, Li & Fung
  • Prof. Christoph LOCH, Professor of Operations & Technology Management, Cambridge Judge Business School
  1. Research Sharing by
  1. Presentation by Prof. Qing LI, Director of HKUST Li & Fung Supply Chain Institute
    Topic: Mission, Organization Structure, and Focus Areas of the Institute
 
About Fung Group
Fung Holdings (1937) Limited, a privately-held business entity headquartered in Hong Kong, is the major shareholder of the Fung Group of companies, whose core businesses operate across the entire global supply chain for consumer goods including trading, logistics, distribution and retail. The Fung Group comprises over 15,000 people working in more than 40 economies worldwide. We have a rich history and heritage in export trading and global supply chain management that dates back to 1906 and traces the story of how Hong Kong and the Greater Bay Area emerged as one of the world’s foremost trading and innovation hubs. We are focused on both creating the Supply Chain of the Future to help brands and retailers navigate the digital economy as well as creating new opportunities, product categories and market expansion for brands on a global scale.
For more information, please visit www.funggroup.com
 
About Li & Fung Limited
Li & Fung, the Hong Kong-headquartered multinational group, is the world’s leading supply chain solutions partner. It specializes in responsibly managing supply chains of high-volume, time-sensitive goods for leading retailers and brands worldwide, with over 230 offices across key production markets globally. Its goal is to create the supply chain of the future to help its customers navigate the digital economy and to improve the lives of one billion people in the supply chain.
For more information, please visit www.lifung.com
Mr. Michael WONG Wai-Lun, Acting Financial Secretary of the Government of the Hong Kong Special Administrative Region (fifth right); Prof. Nancy IP, HKUST President (fourth left); Dr. Victor FUNG, Group Chairman of the Fung Group (fourth right); Dr. Vincent LO, HKUST Honorary Court Chairman (third left); Dr. William FUNG, Group Deputy Chairman of the Fung Group (third right); Prof. TAM Kar-Yan, Dean of Business and Management, HKUST (second left); Prof. Hau LEE, Chair of the Institute’s Academic Committee (second right); Prof. Qing LI, the Institute’s Director (first left) and Mr. Spencer FUNG, Group Executive Chairman, Li & Fung (first right) unveil the plaque of HKUST Li & Fung Supply Chain Institute.
Dr. William FUNG, Group Deputy Chairman of the Fung Group delivers a speech.
Four Panelists share their point of view on Supply Chain Challenges & Innovation in the Panel Discussion.
Prof. Qing Li, Director of the Institute and Deputy Head of the Department of Information, Business Statistics, and Operations Management, introduces the work and key areas of development of the Institute.