LF Logistics is the logistics arm of Li & Fung, with a rich history of trading
Li & Fung’s global supply chain management expertise dates back to 1906 and traces the story of how Hong Kong and the Greater Bay Area emerged as one of the world’s foremost manufacturing and trading regions. In 1999 Li & Fung acquired Inchcape Marketing Services, later renamed Integrated Distribution Services (IDS), making logistics a core offering.
IDS joins Li & Fung to expand our logistics offering
The acquisition of Integrated Distribution Services Group Limited or IDS was the most important step in strengthening our end-to-end supply chain solutions offering to our customers. It also introduced key logistics expertise to the Group.
CCL, one of China’s largest sea freight forwarding companies, joins LF Logistics
With the acquisition of China Container Lines we expanded our freight forwarding capabilities, connecting Asia to the rest of the world, a move that represented a key step in accelerating our growth momentum and ability to provide end-to-end logistics services.
Temasek invests US$300 million accelerating our growth in Asia’s fast growing consumer markets.
The investment further cements our leadership and we are well positioned to capitalize on the business opportunities brought by the rise of the Asian middle class across China and Southeast Asia and our first-mover advantage in e-commerce logistics.
LF Logistics is strongly positioned to grow as Asia’s consumer logistics expert
Our logistics strength, integrated with Li & Fung’s sourcing and supply chain solutions, represents a unique end-to-end offering that encompasses the entire value chain. We are truly building the Supply Chain of the Future.
HONG KONG, Dec. 22, 2021 /PRNewswire/ -- Li & Fung Limited (Li & Fung), the world's leading supply chain solutions partner for consumer brands and retailers, and its affiliates, today announced it has agreed to form a long-term strategic partnership with A.P. Moller - Maersk (Maersk), an integrated logistics company working to connect and simplify its customers' supply chains. The partnership will enable both companies to utilize their respective resources and global networks to create a comprehensive range of end-to-end global supply chain services. In addition to this partnership, Li & Fung has entered into a transaction for Maersk to acquire its logistics business, LF Logistics Holdings Limited (LF Logistics) and its various entities, valuing the business at US$3.6bn on an enterprise value basis. Subject to regulatory approvals, the transaction is expected to close in 2022.
Shrimp survey results Expectation Argentina
The fleet fished for two days in the 'South Zone' where high percentages of accompanying fauna were observed, with units of small and soft shrimp. The ships returned complete. On Monday night they wou...