126,000 Buyers at First Four HKTDC Fairs of 2018

January 23, 2018

The Hong Kong Trade Development Council (HKTDC) concluded its first events of the year last week, attracting some 126,000 buyers to the Hong Kong Convention and Exhibition Centre (HKCEC), a figure which represents a growth of 6% over last year.

Running from 8th to 11th January, the Hong Kong Toys & Games Fair welcomed more than 49,000 buyers, the Hong Kong Baby Products Fair attracted close to 33,000 buyers, and the Hong Kong International Stationery Fair featured about 21,000 buyers. Meanwhile, the Hong Kong International Licensing Show was held from 8th to 10th January and attracted more than 22,000 buyers.

Benjamin Chau, Deputy Executive Director of the HKTDC, commented, “As the global economy stabilises, the four fairs have achieved satisfactory results. Buyers from such emerging markets… and those from developed markets… recorded satisfactory growth. Besides, there was a double-digit percentage increase in the number of buyers from the Chinese mainland. The HKTDC will continue to provide an international trade and exchange platform for industry professionals to generate more business opportunities for all.”

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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.