Fast, global,and entrepreneurial; supply chain management , hong kong Case Study - 1

Fast, global,and entrepreneurial; supply chain management , hong kong style and interview with victor fung - Case Study Example Several changes have been done since its establishment in a bid to conform to the recent demands in the supply chain management field. Globalization has brought about increased interactions among countries in different continents. As such there has been increased focus on eliminating some of the most recurrent challenges faced during conduction of international business such as language barrier. Organizations conducting international businesses have invested deeply in overcoming language barriers among other challenges leading to elimination of intermediaries such as interpreters. During the first years of its establishment, Li Fung ripped heavily from interpretation due to the ability of its founder to speak English. However, such a role in the modern day is seemingly irrelevant hence the need to come up with other strategies to gain competitive advantage. For instance, Li Fung came shifted focus to production of full products from the entire region rather than a single product from one place. This increased relevance of the company in the supply chain since an organization could rely on Li Fung to get all necessa ry materials required at one point. This implies that organizations need to constantly come up with strategies corresponding to market changes in order to prevent elimination. However, production techniques changed once again hence Li Fung was now charged with the responsibility of managing the entire production process for its clients to come with a finished product. However, changes in economic status in Hong Kong triggered yet another shift to employment of dispersed production. This shows that market status is heavily dependent on the economy among other external factors. The changes evident in the life span of Li Fung are a clear indicator of the many changes requiring attention taking effect in the supply chain management sector. This implies that