“The strength of our industry lies in its ability to bring people together. The past few days in Cologne have impressively demonstrated what we can achieve when we unite our ideas, knowledge, and passion. We are returning to our companies with renewed energy and innovative ideas, ready to set new benchmarks and shape the future sustainably,” says Gerald Böse, CEO of Koelnmesse, which celebrated its 100-year anniversary in 2024. “It was an honor to host the congress in our state-of- the-art conference and exhibition centre, Confex. I want to thank UFI for their trust.”
UFI CEO Kai Hattendorf, added, “This year’s Congress in Cologne will find a place among the biggest and best ones that this organization has ever produced. Participants’ numbers match Shanghai 2016, which had been the best attended Congress to date. Beyond the numbers, and in great collaboration, we have been able to deliver value to each and every participant, empowering them to turn changes into chances in reflection of this year’s theme.”
Here are 11 moments worth remembering from this year’s event:
At a time when many companies are grappling with severe layoffs and figuring out how to keep things afloat until the COVID-19 crisis ends, it’s tough to talk about new hires…
IBTM Events launched a new platform this week called IBTM Connect. The online resource hub is designed as a space for business events professionals to access and share…
As the world faces the growing coronavirus pandemic, many of us are experiencing anxiety and fear about uncertain futures, financial hardships, and protecting ourselves and…
The massive Las Vegas Convention Center project continued to move forward, with construction workers on behalf of the Las Vegas Convention and Visitors Authority beginning…
Working from home is quickly becoming “the new normal.” The COVID-19 pandemic kicked the WFH movement into high gear, and many experts believe it will continue long after the…
With travel slowed nearly to a halt around the world, this isn’t an easy time for anyone, let alone destination management organizations. While there is a silver lining to…
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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