Li & Fung is a global supply chain management company headquartered in Hong Kong. Under the leadership of Dr. Victor Fung and William Fung, Li & Fung owns 80 offices in over 40 countries and employs over 33,000 people worldwide. Through investing in IT infrastructure and following principles like being customer-centric and focusing on core competencies, Li & Fung has evolved from a sourcing agent to a leading orchestrator of global supply chains.
13. From the quantitative and qualitative research we concluded that they are few pertinent points for the sustainability of the urban rail market in Asia Pacific to continue to advance and prosper for the next decade.
14. Firstly, the need for a common standardization plan for Asia Pacific rail system in term of reliability, availability ,maintenability and safety ( RAMS ) much like the European Committee for Electrotechnical Standardization Cenelec EN 50126 railway application practiced widely in European rail. Rail industry in Asia Pacific must adopt a common standard in its rail system and infrastructure to foster a deeper co-operation and allow for interoperability standards among the various regional rail operators.
15. Secondly,as the rail market in Asia Pacific gets full steam ahead with new orders continue pouring in; the critical issue of human capital becoming paramount. The railway industry must be able to attract and develop the new breed of young technical talents, and engineering knowledge workers since most of the current batch of technical rail workers are heading towards retirement. There must be that emphasis on making railway industry a learning organization with much of the tacit knowledge of the current rail workers being documented and digitized for reference.
16. Fifthly, to make urban rail as a complementary mode of transport to the various multimodes like airports, seaports and major public transportation hubs.