Global Sources' China and India Sourcing Fairs Debut in Brazil with Sold-out Shows
August 19, 2012
Global Sources’ China Sourcing Fairs and collocated India Sourcing Fairs debuted Aug. 14 in Sao Paulo, Brazil, with sold-out shows.
The sold-out events were the largest Greater China products exhibitions in Brazil, featuring more than 500 booths.
The success of the combined shows is an indication of the growing importance of trade partnerships between Greater China suppliers and the burgeoning South American market, according to Global Sources’ officials.
The shows are managed by Milton Exhibits under license from Global Sources and were held Aug. 14-16 at the Imigrantes Exhibition Center in Sao Paulo.
Exhibitors mainly were from Greater China and India, representing electronics, gifts and premiums, garments and textiles and hardware and building materials.
The inaugural Fairs received strong support from mainland China and India with group pavilions of Guangdong, Huizhou and Tianjin, the Hong Kong Exporters' Association, Federation of Indian Export Organizations, and leading electronics manufacturers such as TCL, Desay and Foryou Group.
"Brazil's rise to the sixth largest economy in the world signifies a growing market for high-quality goods from China suppliers," said Tommy Wong, president of Global Sources Exhibitions.
He added, "The middle class consumer market in Brazil represents nearly $1 trillion in purchasing power while mainland China has established itself as the country's single largest trade partner.”
The China Sourcing Fairs in Brazil are the most recent additions to the series of fairs held in the up-and-coming markets of Dubai, Mumbai, Johannesburg, and Miami, which serves Latin America.
"The growth in Sino-Brazilian trade is well demonstrated by the early sell out of these inaugural events,” Wong said.
He added, “We expect the Fairs to help establish a strong foundation for China suppliers to tap into the booming South American market.”
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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