Inside the Mind of
Dr Victor Fung
Dr Victor K. Fung serves as Chair of the SMU International Advisory Council (IAC) China. He is Group Chairman of the Fung Group, a Hong Kong-based multinational group which comprises major operating groups engaging in trading, logistics, distribution and retailing including privately held Li & Fung Limited and publicly listed Convenience Retail Asia Limited. Dr Fung played a leading role in driving the development of the supply chain infrastructure at Li & Fung Limited, which has enabled it to become the leading consumer goods design, development, sourcing, and logistics company for major retailers and brands around the world.
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The impact that technology has is wreaking havoc on brick-and-mortar retailers around the world. And then you have the U.S.-China trade war, and now COVID-19. If you have any of one of those, it’s shock[ing] enough. If you have all three impacting the global economy and the global supply chains, I would have to say that is tantamount to a total reinvention.