Double-digit Growth at CPhI China in Shanghai

August 16, 2017

CPhI and P-MEC China, organised by UBM EMEA, UBM Sinoexpo and China Chamber of Commerce for Import & Export of Medicines & Health Products (CCCMHPIE), closed in June 2017 with a very successful show, reporting positive outlook for further Chinese pharmaceutical market development.

Since 2016, CPhI China has experienced a 14 percent growth in overall visits and a 12 percent growth in overseas visits.

The event, featuring 2,800-plus exhibiting companies covering the entire supply chain, acts as an accurate barometer of the industry's overall growth patterns and future developments.

"CPhI China has grown to be the single most influential meeting point for pharma suppliers and customers, and this year we observed a record number of international attendees and over 55,000 visits in total,” said Rutger Oudejans, brand Director Pharma.

He added, “The pharma economy has diversified rapidly in the last few years and new markets are emerging in bio and final dosage forms. In addition to the ingredients sector -- which represents some 40% of global production. This year's event was especially significant as we increased the range of insights and analysis across the changing business and regulatory environment. With sessions held on everything from the MAH pilot to formulation development strategies and international distribution. Next year we expect even stronger growth as domestic pharma economy cements its number 2 status and exports of new forms grow exponentially."

Two major trends to emerge from Asia's largest pharma event were the increased interest and promotion of "intelligent manufacturing"systems as well as 'green manufacturing' approaches.

The former emphasised a rapid shift within China's industry towards advanced facilities and product classes.

However, the latter is a particularly notable change in light of the country's general reputation, and the first ever "China Pharma Environmental Forum" was an integral feature of this year's exhibition.

Another major development in 2017 was the introduction of the first edition of the CPhI China Pharma Week, which was a direct response to China's increased internationalisation.

 Across the entire week, CPhI and P-MEC China attendees had the opportunity to experience richer content than in any other previous edition.

To mention a few: Plant visits in leading R&D and innovation companies, CPhI China River Cruise Networking dinner on Huangpu River that held over 250 overseas and domestic attendees, the CPhI Pharma Business International Program to help overseas companies solve problems they encounter when entering the Chinese market and many more.

As part of the CPhI China Pharma week, the show saw the launch of the Bluebook on Internationalization of China's Pharmaceutical Industry -- listing the largest Chinese companies operating internationally -- and "The 2017 Awards for Top 100 Internationalized Pharmaceutical Companies in China". Both influential regional lists that review and document the country's most prominent companies.

Finally, 2017 saw the arrival of another global trend sweeping through pharma with the first ever CPhI Women in Leadership Forum in China, which featured high level debates on how to advance female executive potential contributing to the fast development of Pharmaceutical industry in the country.

In total, 55,020 visits were recorded over the three-day Shanghai event, with 10,126 visits from international attendees, including representatives from more than 120 different countries, covering an enormous 165,000m2 of exhibition space at the Shanghai New International Expo Centre, which makes it the biggest edition of CPhI and P-MEC China to date.

CPhI and P-MEC China will return with its 18 edition again in 2018. The event will be held from 20 – 22 June 2018 in Shanghai New International Expo Centre, alongside the 2nd CPhI China Pharma Week edition.

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.