MUMBAIWOOD 2024

Event Dates
2024-09-27 - 2024-09-29
Organizer
Exhibitors
175
Floor Size
75347
Attendees
10000
Event contact title
Contact
Event contact first name
Mr. Sunil
Event contact last name
Sharma
Email
sunil.sharma@nm-india.com
Event contact telephone number
.
Description

MUMBAIWOOD is the ONLY professional platform in western India that brings the stakeholders and decision makers from within the woodworking and furniture manufacturing industry. It offers its audience a comprehensive overview of the prevailing technological innovations and the latest manufacturing trends in furniture manufacturing, woodworking technologies, tools, fittings, accessories and raw materials.

The exhibition trio of INDIAWOOD, DELHIWOOD and MUMBAIWOOD has cemented its position as India’s largest sourcing platform for furniture manufacturers, wood-based handicraft manufacturers, saw millers, carpenters, craftsmen, architects and interior designers in the region, over the last few years. The rising local demand, scope for furniture manufacturers to expand their facilities and attract new investments, and the current favorable position of India within the global supply chain, are some of the factors, which have contributed to this growth.

The demand for wooden furniture has increased manifold in India. The furniture market in India is moving from the unorganized sector to the organized industry to adapt to fast changes in the furniture market. India is the fifth largest furniture producer at a global level and the fourth largest consumer of furniture. The market was valued at $17.4 Bn in FY21 and is predicted to reach $37.7 billion by 2026, growing at a double-digit CAGR of 13.37% during 2020-2026.

Partner Voices
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.