Global Sources' Fall 2012 CEO Summit Will Take Place During Electronics Sourcing Fair

September 24, 2012

The Fall 2012 CEO Summit will take place at the China Sourcing Fair: Electronics & Components Oct. 12 in Hong Kong.

Executives from some of the world's largest and most innovative electronics manufacturers and retailers will gather to share industry insights with a focus on the development of mobile devices, according to Global Sources officials.

The Summit will provide a platform for industry professionals to network and share forecasts about the fast-growing consumer electronics market.



"Maintaining profitability in a highly competitive market is increasingly difficult. However, there is a huge opportunity ahead for those who can innovate with the total sales of consumer electronics expected to reach US$1 trillion in 2012," said Global Sources' CEO, Spenser Au.

He added, "Industry experts estimated that the market for tablets is expected to grow 59 percent and 22 percent for smartphones this year. These are two hot sectors where global buyers and Greater China manufacturers can innovate to boost profits and gain market share.



"The Summit aims to provide ideas on how to profit from hot industry growth sectors as well as a high-level networking opportunity for those seeking global partners," Au said.



Mobile devices make up the most competitive and rapidly changing segment of the consumer electronics industry.

 Industry estimates show that by 2016 there are expected to be 3 billion Internet users globally -- and many of them are expected to be connecting wirelessly through mobile devices.

In order to stay on top of this market “buyers need to keep informed about emerging trends to make intelligent sourcing decisions,” Global Sources officials said.



The Summit will be focusing on the development of mobile devices. Here are some of the authorities scheduled to speak:



-- Allen Wu, president of ARM China, will present the keynote speech and discuss "How new technologies are changing the sourcing opportunities for mobile electronics in Greater China.”


-- Jia Wu, director of Connected Home Devices, Strategy Analytics, will present "Is Phablet the next opportunity?"


-- Alfred Zhou, general manager of GfK Retail and Technology China Co., will present "2012 Global Retail Market Overview of Connected Mobile Devices.”



The Summit also will include a panel discussion led by industry experts sharing their perspectives on sourcing mobile devices from Greater China.



The Fall 2012 Global Sources CEO Summit is co-organized with the Hong Kong Information Technology Federation and Consumer Electronic Alliances.

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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.