Plug and Play Retail Director Michael Olmstead spent this past week in Hong Kong where he sat on a panel with executives from Li & Fung, Omnistream, and Wellington Management. The panel addressed emerging trends and challenges specific to the brand and retail space such as the impact of digital currency and beacon technology. Michael was accompanied by Li & Fung EVP of Global Research Deborah Weinswig, Wellington Management CFA Steven Richter, and Omnistream COO Collin Thompson.
During his time there he also met with senior executives from Li & Fung to discuss the possibility of a strategic partnership with Plug and Play’s Brand and Retail Accelerator in the future. Li & Fung is a global sourcing firm that is the world standard in supply chain management. They specialize in using “market research, retail and fashion trend forecasts, and innovative technology” to “optimize pricing, quality, quantity, and delivery of products, enhancing speed to market.” As a complete supply chain manager, they oversee the entire production process of a given item from design to material sourcing to product delivery.
Plug and Play’s Brand and Retail Accelerator was founded last September, and since then we have partnered with sixteen companies including retailers, brands, and retail solutions. In a manner that is analogous to the process through which Li & Fung sources material suppliers to their factories, Plug and Play connects entrepreneurs to corporations to give them the ability to deliver on great ideas.
There are many reasons that Li & Fung stands as an excellent fit for our accelerator, and we are extremely excited about the possibility of a corporate partnership. To learn more about our Brand and Retail Accelerator as well as our Corporate Partnerships, check out our website.
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