Presented by Spencer Fung, Executive Chairman, Li & Fung, Hong Kong. Spencer Fung ('96) discussed the impact of COVID-19, digitalization, e-commerce and other important trends on the global supply chain. Find out when the world's snarled supply chains might return to normal, and what the “new normal” may look like. (Li & Fung is a 116-year old Hong Kong-based global supply chain company.)
Spencer Fung is Executive Chairman of Li & Fung based in Hong Kong. He is leading the 112-year-old company through its transformation to create the supply chain of the future to help the Company's customers navigate the digital economy and to improve the lives of a billion people in the supply chain. He is Li & Fung's seventh CEO since its inception in 1906. Spencer has been an Executive Director since 2008. Previously, he was the Group Chief Operating Officer with responsibility for building the company's global infrastructure. Since joining Li & Fung as a merchandiser, Spencer has been involved in all aspects of the group's operations, from liaising with factories across Asia and conducting quality control inspections to serving customers across three continents and managing acquisitions and integrations in over 20 countries. During his time as President of LF Europe, Spencer built the largest European Principal Trading business. Spencer holds a Bachelor of Arts degree from Harvard College and a Master of Science in Accounting and Master in Business Administration from Northeastern University. He is a US Certified Public Accountant. Born in 1973, Spencer is the eldest son of Victor Fung, Honorary Chairman of Li & Fung, and a nephew of Group Chairman, William Fung. He is the fourth generation of the Fung family to lead the business. He lives in Hong Kong. Previously, he has lived in the US, Spain, Japan, China, and the UK. Spencer began his career as a Certified Public Accountant (CPA) with PwC in Boston. He then co-founded HelloAsia.com, a Silicon Valley startup with $30 million of venture capital funding and created one of the first pan-Asian online marketing platforms. Spencer is a member of the Board of Trustees at Northeastern University. Spencer has been on the Center for Emerging Markets' board since 2009.