Supply chain specialist Li & Fung partners with JD.com to accelerate supply chain digitisation. With an aim to further develop its digital supply chain, Li & Fung has announced a strategic investment of $100 million from Chinese online retailer, JD.com.
Li & Fung will also grow its business in China by partnering with JD.com on private label initiatives for the China domestic market by leveraging its global network and digital supply chain. With the strong partnership between the Fung Family and Singapore-headquartered GLP Pte Ltd., and now the addition of JD.com, Li & Fung will be able to leverage its scale and digital capabilities to continue its journey of creating the end-to-end digital supply chain.
“Our goal to create the supply chain of the future and to improve the lives of one billion people in our global supply chain remains more relevant than ever in this turbulent world. The partnership with GLP and the addition of JD will be instrumental in further strengthening Li & Fung,” said Spencer Fung, CEO, Li & Fung.
Amidst continuing digital disruption to retail and the ongoing global trade tensions, compounded by the dramatic impact of COVID-19, the global retail supply chain has become more and more complex. As such, the time seems right as Li & Fung partners with JD.com to accelerate supply chain digitisation.
On its part, JD.com is transforming to become one of the leading supply chain-based technology and service providers, which fits well with Li & Fung’s goal of creating the supply chain of the future. JD.com has been developing proprietary supply chain technologies for many years and has created digital retail and supply chain platforms that are fully integrated to support its omnichannel strategies.
Words by Farimah Moeini, Snapchat Head of Industry – Retail and Travel TheJuly 5, 2021 | By RetailME Bureau
Snapchat has been betting big on Augmented Reality’s (AR) retail future consideringJune 22, 2021 | By Jibran Chouguley
Union Coop, a consumer cooperative in the UAE, revealed that 78% of
Union Coop has opened its 23rd branch within the UAE in Jumeirah
Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and
UAE-based Al Maya Group announced that it will be boosting import of
UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
Saudi-based luxury retailer, AlMalki Group recently revealed the key elements that is
JD Sports Fashion has announced the appointment of Bert Hoyt as its
Online retail giant, Amazon has announced plans to open department stores in
NFTs and Blockchain technology are two of the most talked-about digital topics
adidas has announced that it will sell Reebok to Authentic Brands Group
The Ministry of Human Resources and Social Development in Saudi Arabia has
Dragon Mart, the world’s largest Chinese trading hub outside mainland China, has
E-commerce giant Amazon’s founder Jeff Bezos has stepped down as CEO, handing
American clothing retailer, PVH has increased the number of active job advertisements
Alshaya Group this week celebrated the ‘go live’ of its 100th online
Extravagant, conceptual, great food and views are some of the ways that
UAE-based GMG is embarking on a wide-ranging digital transformation project that will enhance its