15,000 Buyers at HKTDC Optical Fair

November 21, 2016

Earlier this month, the Hong Kong Trade Development Council (HKTDC) concluded two fairs, Hong Kong Optical Fair and Hong Kong International Wine & Spirits Fair, at the Hong Kong Convention and Exhibition Centre (HKCEC) attracting some 35,000 trade buyers.

In its 24th edition, the Optical Fair was held from 9th to 11th November, featuring over 780 exhibitors from 29 countries and regions. Co-organised with Hong Kong Optical Manufacturers Association, more than 15,000 buyers from 100 countries and regions attended the three-day fair, representing a 2.4% year-on-year increase.

The 9th Hong Kong International Wine & Spirits Fair showcased more than 1,060 exhibitors from 37 countries and regions, running from 10th to 12th November. About 20,000 trade buyers from 68 countries and regions attended the fair, while the final day was open to public, which welcomed nearly 27,000 visitors.

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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.