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Li & Fung Creates New Support Unit for Worker Safety

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Global sourcing leader Li & Fung Limited has created a new business unit that will focus on factory and worker safety in light of the recent tragedies that have plagued the industry.

The company announced the new unit, called Vendor Support Services, today saying group chairman Dr. William K. Fung will lead the initiative and that it will be a major part of Li & Fung’s new three-year business plan, the details of which will be revealed in March.

“As the leading sourcing company in the world, we feel our responsibility is to play an even bigger role in bringing about and speeding up systematic, positive change in the industry,” Dr. Fung said.

The unit will offer a range of support services including safety training and audits, compliance, product liability insurance, product testing and other practical support.

“While revenue generated from Vendor Support Services is a small part of the total revenue, we view this new initiative as a key ingredient of our enhanced offering and an important component of our efforts to improve sustainability in the global garment industry,” Dr. Fung added.

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