Li & Fung shifts focus to mitigate impact of tariffs

Li & Fung Ltd, a leading global supply chain solutions partner for consumer brands and retailers, has been reallocating its production to other markets beyond the United States, to mitigate the potential effects of China-US trade tensions, according to a company executive.

Chang Ka Mun, managing director of Li & Fung Development (China) Ltd and Fung Business Intelligence under the Fung Group, a Hong Kong-based conglomerate, said, "At this stage, sentiment in the global market has been badly affected (by the China-US trade conflict)."

"We have advantages in position because we can reallocate our production to other parts of the world to deal with this issue. At this stage, we're still fine," he said.