15,000 Visitors at Malaysian F&B Packaging, Labelling Expo
July 22, 2014
The 25th edition of the (extensively named) “Malaysia International Packaging and Labelling, Food Processing and Bakery Equipment and Plastic, Mould and Die Exhibition” was held in Kuala Lumpur last week.
Organised by ES Event Management, the exhibition was expected to attract 15,000 trade visitors from Malaysia and across Asia. In addition, more than 400 companies occupied some 800 booths at the Putra World Trade Centre.
Speaking at the exhibition, Deputy International Trade and Industry Minister Datuk Lee Chee Leong pushed Malaysian businesses to be more competitive and internationally-focused. He said, “It is very important for the local players to grow and become globally competitive, through product innovation and improved productivity, as well as venturing into the global market.”
The minister’s remarks also noted that the ASEAN Economic Community (AEC), which will come into effect in 2015, would also generate new, incremental trade opportunities for Malaysian exporters. In addition, Malaysia has six other free trade partners: Australia, China, India, Japan, South Korea and New Zealand.
According to UFI-BSG research, the trade fair industry in 2013 in Malaysia resulted in net space sold of approximately 300,000 m2 across nearly 80 events. The industry there should get a boost when new venue capacity (48,000 m2) is added in Kuala Lumpur in 2017 with the opening of the MITEC venue.
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.
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