Li & Fung Announce Partnership with Softwear Automation
Li & Fung Accelerates Creation of Digital Supply Chain with Softwear Automation Partnership
- Partnership leverages Softwear Automation’s revolutionary SEWBOT® technologies to accelerate the full digitization and automation of the manufacturing process
Hong Kong, 8 May 2018 – Li & Fung Limited (“Li & Fung,” “the Group,” or “the Company;” SEHK: 494), the world’s leading supply chain solutions partner for consumer brands and retailers, today announced it has entered into a strategic cooperation agreement with Softwear Automation, Inc. (“Softwear”), a US company that develops revolutionary sewing technologies for manufacturing automation in the home goods, footwear and apparel industries. The partnership leverages Li & Fung’s global supplier network and Softwear’s autonomous sewing worklines with the aim of creating a fully-digital manufacturing supply chain for apparel and textile products. The partnership will initially focus on the supply chain of t-shirts, with potential to expand to other product categories in the future.
Softwear’s revolutionary digital t-shirt SEWBOT® Workline is fully autonomous and requires a single operator, producing one complete t-shirt every 22 seconds – twice as fast as manual sewing. Digitizing the production portion of the supply chain presents a game-changing opportunity for manufacturers and suppliers. Technology solutions like automation will enable manufacturers to deliver better productivity and efficiency and create new, higher-value employment opportunities for their employees, such as engineers and technicians.
In March, Li & Fung provided an update on the progress of its Three-Year Plan (2017-2019) and initiatives around speed, innovation and digitalization, highlighting that the company’s goal of creating the Supply Chain of the Future had a strong start in 2017 and it is on track to deliver its financial and strategic goals.
“We have already made substantial progress in our digital journey to create the Supply Chain of the Future and this partnership with Softwear Automation is another building block in our end-to-end digital supply chain. Through this collaboration we want to partner with an initial set of manufacturers to create our first fully-digital apparel supply chain and use those learnings to scale the technology and create customized solutions for our supplier network around the world. The benefits will not only reach our suppliers but all our stakeholders along the supply chain,” said Spencer Fung, Group CEO, Li & Fung.