A new way of thinking, a new way of working.

Technology alone doesn't transform. A cultural shift is necessary — thinking and doing things differently. LFX is on a mission to facilitate that shift so that sustainable consumption quickly becomes reality.

100+ years experience,
unmatched insights.

We’re an offshoot of Li & Fung, the world’s leading orchestrator of one of the most extensive supply chain networks.

Building on our insights into the supply chain, LFX was founded to create digital ventures that will transform the supply chain and retail industries. We’re building a global ecosystem of entrepreneurs, technologists, and supply chain stakeholders who innovate and put great ideas into action, collaborating with these stakeholders to build an agnostic platform of digital supply chain and retail transformation solutions.

We invite you to join our ecosystem.

Transformation starts now.
Meet the leadership driving the change.

Spencer Fung

Executive Chairman

"It’s the companies that you don’t see, the companies that come from the left field, from a different angle, from a different industry that are often the disruptors."

It's that belief that gave birth to the idea of LFX. With LFX, Spencer removed the constraints that can come with a large 110+ year corporation. He took the "disruptors" within Li & Fung and pulled in others to create a new company with the mandate to transform the retail industry and work towards sustainable consumption.

The architect of Li & Fung's goal to create the supply chain of the future, Spencer served as Group CEO from 2014 to 2020 and now serves as its Group Executive Chairman. He is also on the Board of Trustees at Northeastern University and in January 2021, he was appointed Alternate Representative of Hong Kong to the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council.

Ed Lam

Chief Executive Officer

"Working towards making sustainable consumption a reality is as meaningful to me as it is exciting. I've been lucky in this world, and I love the idea that my work will benefit the planet in some way."

With a long history of startup alliances, M&As, capital markets fundraising, and venture capital investments, Ed has had a bird’s eye view of what companies need to have in place to succeed and continue their growth trajectories. As an executive committee member and CFO of Li & Fung, he was a key advocate towards the company’s digital transformation. LFX is the culmination of that drive, allowing him to work with teams that embrace the Silicon Valley culture, no matter where they might be.

A graduate of Harvard Business School’s Advanced Management Program, Ed also has an MBA from the University of Chicago Booth School of Business, a BAA from The University of Texas at Austin, and an MIT Executive Certificate in Blockchain Technologies.

Darren Palfrey

Chief Operating Officer

"One of the most exciting times in my life was co-founding a successful company. Being part of LFX allows me to work with entrepreneurs and technologists."

Appointed to the role of Chief Digital Officer at Li & Fung in 2019, Darren has had a close-up view of the complexities of a leading global supply chain company.

But he's also seen the inner workings of the supply chain from other angles, in various roles throughout his career, and as an entrepreneur. A co-founder of Gravity Supply Chain Solutions, Darren has firsthand experience at the challenges companies face from inception to scaling. He'll lend that experience to guiding companies in the LFX ecosystem.

Darren holds a Bachelor of Arts/Commerce from the University of Manchester.

Meet the team working in LFX companies.

Here are some of the people at LFX working on projects that are in various development stages.

We are constantly scouring the world for technology companies that enhance the global supply chain. With LFX, we have unique opportunity to re-imagine the global supply chain to be more efficient and more sustainable. It’s a tall order but with the global resources of LFX, we are ready to meet the challenge.

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John Seung

In my mind, entrepreneurs are the smartest, most driven, and inspiring people. And what great luck I have to be able to work with and learn from them every day! They are at the driver’s seat to transform the global supply chain, and it’s truly exciting for me to be on this journey with them.

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Janie Yu

I’m working on a revolutionary supply chain app that will bring sustainability to the fashion industry. It’s exciting, cutting edge, and what we’re doing is so cool, that I’m attracting rock star developers to the team.

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Michael Welsh

I love that we’re focused on doing things differently. It’s a totally new world, and no one has got it right yet. I’m getting to work on making fashion a more sustainable business, and I’m getting to ask the questions on how we can really improve the world. It’s an exciting challenge.

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Idy Lee

At the end of the day, it’s not just about what technology we use but what value we create. I’m working on several products that will give brands new ways of working, of getting out of the status quo. Brands are quite aware of their climate impact, but they need the tools to make a difference.

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Emilie Ho

I’ve spent the last two decades solving industry challenges by using cutting-edge technologies. I know that LFX is well-positioned to carve a path towards a truly digital supply chain while substantially reducing the fashion industry's waste problem and delighting consumers in new and exciting ways.

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Darcy Reno

The lines between business and technology functions are blurring and the expectations of IT are shifting. I’m excited to use cutting-edge technology like AI, big data, and blockchain to make use of our insights and historical data to create new products and services.


Tim Tian

With LFX, I have the unique opportunity to be a pioneer, to create something meaningful and impactful. I am currently working on a project that will have an immediate benefit on the ecosystem we operate in.


Wayne Chai

Sustainable consumption, one digital connection at a time.

Digital innovations inspired by 100+ years of supply chain experience and insights.

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