SILOAM SPRINGS — John Brown University business graduate students heard first-hand on April 12 about the future of the retail world from an Asian-based global business in a lecture given by Dow Famulak, president of direct sourcing group of Li & Fung Limited.
Based in Hong Kong, Li & Fung Limited is the world’s largest supply chain orchestrator in the consumer goods market.
“We’re very bullish on the United States and the U.S. market,” Famulak told students. “The U.S. market has the ability to adjust. In the developing world, markets cannot adjust easily. The U.S. economy is recovering, and confidence is building.”
Famulak graduated from the University of British Columbia with aB.A. in Economics before obtaining his law degree at the University of Saskatchewan.
Before joining Li & Fung Ltd in 2000, he was a partner at Baker and McKenzie. In addition to being a member of the Hong Kong Law Society, Famulak is also a member of the Law Society ofEngland and Wales and the British Columbia (Canada) Law Society.
Li & Fung Limited Company started in 1906 and is a Hong Kongbased global organization that engages principally in export trading of consumer products as well as acting as a supply chain manager and global network orchestrator. With more than 29,000 employees and a network of more than 15,000 active suppliers in more than 40 economies, Li & Fung Limited is one of the world’s largest consumer goods companies.
Lifestyles, Pages 10 on 04/25/2012