Reed Exhibitions Looks to Strengthen Ties in China by Signing MOU with CPIT Shanghai
August 5, 2013
U.K.-based Reed Exhibitions and China-based CPIT Shanghai recently signed a memorandum of understanding that will enable them to work more closely together on projects. The MOU was endorsed after successful talks between Wang Lie, vice chairman of the Council for the Promotion of International Trade Shanghai (CPIT Shanghai), and Nat Wong, president of Reed Exhibitions Greater China.
As part of the agreement, Reed and CPIT Shanghai will establish mechanisms through which critical experience and information are disseminated, long-term projects are investigated and opinions on key industry matters are shared.
Both Reed and CPIT Shanghai have extensive talent, knowledge and technical resources at their disposal.
"We’re currently witnessing unprecedented dynamism in the local exhibition market, coupled with rising expectations from our participants,” said Nat Wong, president of Reed Exhibitions Greater China.
He added, "To ensure that Reed can embrace the challenges of operating in an intensely competitive industry, we need to forge strategic relationships with partners who share the same values, ambition and dedication to quality as we do.”
Some of the shows that Reed Exhibitions Greater China currently holds in the region are the China (Shenzhen) International Toys & Gifts Fair, NEPCON China, China Drug Store Show and 100% Design Shanghai, to name a few.
In all, Reed Exhibitions Greater China has 54 events in 11 different industry sectors.
"CPIT Shanghai's strength is in promoting trade, investment and cooperation, as well as in promoting mutual understanding and friendship between Shanghai and other parts of the world,” said Wang Lei, vice chairman of CPIT Shanghai.
He added, “Our vision fits squarely with Reed’s as we both strive to become industry leaders, by delivering excellent events that are current and comprehensive. I'm delighted that we're taking this important step, and I look forward to working together to develop new ways for CPIT to extend its international reach with and through Reed."
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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