Li & Fung, or LF, is a Hong Kong-based global supply chain manager that serves retailers globally with sourcing and logistics services. U.S. and European retailers accounted for 64% and 17% of trading revenue, respectively, in 2015. Founded more than 100 years ago as a trading agent, Li & Fung generated 90% of its operating profit from sourcing consumer goods, and the rest from logistics, in 2015. The firm operates globally, with more than 300 offices and distribution centers in more than 40 countries.
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