Global Sources Launches Full Suite of Services for Fashion Industry
May 12, 2015
Global Sources has launched its full suite of services for the fashion industry. The fashion industry ecosystem connects a specialized community of buyers and suppliers through content, communication and five media channels -- an online marketplace, a magazine, alerts, a mobile app and trade shows.
Four China Sourcing Fairs, which offer fashion buyers and suppliers high-level networking and sourcing opportunities, will be held April 27-30 at AsiaWorld-Expo in Hong Kong.
These are Fashion Accessories, Garments & Textiles, Underwear & Swimwear and the India Sourcing Fair: Garments & Accessories. This spring, the shows are co-located with China Sourcing Fairs: Gifts & Premiums and Home Products.
President of Global Sources Fashion Group, Livia Yip, said: "Fashion is a fast-moving industry with many retailers changing styles on a weekly basis. The market is growing quickly and expected to exceed US$2 trillion by 2025.Our ecosystem enables buyers to source more efficiently from quality suppliers while maximizing profits as the industry expands."
Yip added, “Our shows are the leading sourcing event for fashion products each April and October in Hong Kong. At the spring shows we will also be launching new fashion product websites featuring exclusive industry news and analysis, the 'Top 20' products in each sector and much more.”
Among the thousands of buyers pre-registered to attend the shows are Cotton On, Debenhams, El Corte Ingles, Esprit, FILA, Li & Fung, Marks & Spencer, Monsoon Accessorize, NAF NAF, Nike, Triumph and Woolworths. The shows are also supported by international industry organizations including Malaysian Knitting Manufacturers Association and The Textile, Clothing and Footwear Resource Centre of Western Australia.
Ninety percent of the exhibitors are exclusive at Global Sources shows, while 70 percent are direct manufacturers. This allows buyers a unique opportunity to cut out the middleman and source directly at competitive prices, with flexible terms for production and delivery.
Here are other show highlights:
Hong Kong's largest bags pavilion featuring 10,000 products including luggage, fashion bags and promotional bags with a special bag promotion 3D art area.
Asia's largest scarves collections with 300 booths.
A new functional fabric area showcasing a wide selection of high demand anti-bacterial, moisture-wicking, flame-retardant fabrics as well as high-performance sportswear.
Trends Forum: Hosted in cooperation with Fashion Snoops, a global online forecasting company in the fashion industry. It aims to bring visitors up-to-date on accessories and ladies trends.
Partner Voices
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.
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