200,000+ Global Buyers at HKTDC Autumn Fairs

November 24, 2015

The Hong Kong Trade Development Council (HKTDC) has concluded its autumn fairs – 9,100 exhibitors from 56 countries were featured in the trade fairs held in October and November, up by 3.9% year-on-year (excluding the inaugural World of Outdoor Lighting & Lighting Accessories). The fairs also welcomed over 204,000 local and overseas buyers. According to the HKTDC, the eight events combined made an economic contribution of over US$155 million to Hong Kong’s economy.

Buyers from emerging markets and ASEAN countries including India, Malaysia, Thailand, and the Philippines recorded a double-digit percentage increase compared to last year. At the same time, buyers from North America and Europe increased 8.7% and 5.3% respectively.

HKTDC’s Small Orders Zone was featured at the electronics and lighting fairs and featured a total of 450 showcases offering over 4,400 products – buyers looking to place orders of between five and 1,000 pieces. More than 40,000 buyers visited hktdc.com Small Orders Zone.

During October and November, the HKTDC organised eight trade fairs: Hong Kong Electronics Fair (Autumn Edition), electronicAsia, Hong Kong International Lighting Fair (Autumn Edition), Hong Kong Optical Fair, and Hong Kong International Wine & Spirits Fair, held at the Hong Kong Convention and Exhibition Centre (HKCEC); while World of Outdoor Lighting & Lighting Accessories, Eco Expo Asia, and Hong Kong International Building and Hardware Fair, held at the AsiaWorld-Expo (AWE).

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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.