Li & Fung Limited announced that as one of the new initiatives in the next Three-Year Plan (3YP), it will be reorganizing its vendor support services to
focus more intensely on factory compliance following recent tragedies in the garment industry, as well as the on-going needs for stronger oversight. The Company is establishing a dedicated Vendor Support Services business unit to enhance factory and worker safety, raise standards and improve operational efficiencies in its global supply chain. The new unit will incorporate the company's existing range of vendor support services to factories plus new offerings that include product testing, provision of logistics support to factories, and other practical input to enable factories to move up the value chain. Presently, the Company's vendor support services include safety and compliance training and audits, trade credit services as well as the handling of letters of credit, product liability insurance, fabric, trims and accessories procurement, product development and technical and operations support.

The company announced that Vendor Support Services business, including vendor compliance, will be led by group Chairman Dr. William Fung Kwok Lun.