Record Exhibitor and Visitor Numbers at Yarn Expo Autumn

December 15, 2013

Yarn Expo Autumn concluded with new records this year for both exhibitors and visitors. Nearly 150 suppliers from 13 countries and regions exhibited their products at the event, which was up by 50%. While the number of buyers increased by 25% to more than 6,000 buyers attending during the three-day event.

Yarn Expo Autumn was held from 21st to 23rd October 2013 at the Shanghai New International Expo Centre (SNIEC) and organised by Messe Frankfurt (HK) Ltd, the Sub-Council of Textile Industry, CCPIT, China Cotton Textile Association, China Wool Textile Association, China Chemical Fibre Association, China Bast & Leaf Fibres Textiles Association, and China Textile Information Centre. The organisers noted the increase in exhibitors was not only due to the new suppliers from Italy, Korea, Lithuania, Sri Lanka and Turkey, but also the increase in Indian and Pakistani suppliers.

The next edition of the event, spring edition of Yarn Expo, will be held in Shanghai, instead of Beijing, and it will be located within Intertextile Shanghai Apparel Fabrics – Spring Edition, renamed to Yarn Expo Zone. The event will take place at the Shanghai World Expo Exhibition and Convention Center from 3rd to 5th March 2014.

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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.