Global Sources Signs on Shows at AsiaWorld-Expo Through 2018

December 27, 2014

Global Sources renewed its contract to host its trade shows at AsiaWorld-Expo (AWE) in Hong Kong in 2017 and 2018 for approximately US$23.1 million. The company will retain the right to host its events twice a year -  in April and October - at AWE.

In 2014, these shows attracted nearly 143,000 buyers and featured more than 14,200 booths.

"Since 2006, we've hosted all of our primary shows in Hong Kong at AsiaWorld-Expo and it has proven to be a popular venue for overseas buyers and suppliers across Asia to meet and do business," said Spenser Au, CEO of Global Sources.

He added, "For example, our Electronics show has become the number one industry show in Asia. Among the buyers attending our shows in 2014 were Amazon, Best Buy, Chubb, Dicksons, El Corte Ingles, Foxconn, Gap, Hallmark Cards, Intel, Jumbo, Konka, Lenovo, Monster Products, Nike, Osim, Panasonic, Qualcomm, Rewe Far East, Samsung, Toshiba, Uniden Japan, Vertu, Woolworths, Xiaomi, Yazaki and ZTE.

Au said that Global Sourceswere one of the first tenants to sign with AsiaWorld-Expo Management in 2004 and “the new contract represents our commitment to this amazing venue and Hong Kong's trade show industry.”

Global Sources hosts more than 20 trade shows annually at AsiaWorld-Expo covering industries, including Consumer Electronics, Electronic Components, Mobile Electronics, Security Products, Gifts & Premiums, Home Products, Fashion Accessories, Garments & Textiles and Underwear & Swimwear.

The events showcase quality suppliers from China and throughout Asia.

"Buyers come to our trade shows to meet directly with suppliers they've discovered through our online, print and other integrated media. The shows are a vital part of the unique value we offer our buyer and supplier communities," Au said. 

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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.