Li & Fung – The Downfall of a Platform

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On March 6th of this year, the supply chain management giant Li & Fung will be unceremoniously removed from the Hang Seng Index, a globally recognized index of Blue Chip Hong Kong Companies, to be replaced by Greely Automobile. It will mark the another step in the steep decline of a company which was once synonymous with outsourcing and cheap Asian manufacturing.