Analysis of brain ChE activity proved to be reliable for diagnosing and monitoring effects of selected ChE inhibitors in birds. Patterns of mortality and inhibition of brain and plasma ChE in birds treated with ChE inhibitors were studied in an attempt to determine the validity of using ChE activity as a monitoring and diagnostic technique. As Asia's economic crisis continues, chairman Fung sees a new model of companies emerging-companies that are, like Li & Fung, narrowly focused and professionally managed.Ĭholinesterase ( ChE) response and related mortality among birds fed ChE inhibitors He describes the organizational approaches that keep the company that way despite its growing size and geographic scope: its organization around small, customer-focused units its incentives and compensation structure and its use of venture capital as a vehicle for business development. To be run effectively, Victor Fung maintains, trading companies have to be small and entrepreneurial.
For every order, the goal is to customize the value chain to meet the customer's specific needs.
To produce a garment, for example, the company might purchase yarn from Korea that will be woven and dyed in Taiwan, then shipped to Thailand for final assembly, where it will be matched with zippers from a Japanese company. The result is something new: a truly global product. In this interview, chairman Victor Fung explains both the philosophy behind supply chain management and the specific practices that Li & Fung has developed to reduce costs and lead times, allowing its customers to buy "closer to the market." Li & Fung has been a pioneer in "dispersed manufacturing." It performs the higher-value-added tasks such as design and quality control in Hong Kong, and outsources the lower-value-added tasks to the best possible locations around the world. Li & Fung, Hong Kong's largest export trading company, has been an innovator in supply chain management-a topic of increasing importance to many senior executives. Fast, global, and entrepreneurial: supply chain management, Hong Kong style.
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