New Business Deals: Endeavor Business Media Makes Acquisition, Two Suppliers Partner to Launch Echo Experiential

Echo Media Group and Skyline Displays Orange County have partnered to create Echo Experiential, enhancing event services across industries, while Endeavor Business Media has acquired a portfolio of events, media, and digital offerings focused on residential construction. Check out our monthly roundup of new business deals. 

Innovative New Tech Tools Redefining Trade Shows and Events 

If you watched the Olympics closing ceremony in mid-August, you might have noticed some unique lighting displays happening in the crowd. That was the work of wireless lighting technology company PixMob, which distributed high-powered X4 LED wristbands to each of the event’s 70,000 fans and athletes. PixMob’s Moving Visual Transmitter technology essentially transforms audiences into interactive canvases, allowing for the projection of moving graphics onto crowds. 

U.S. B2B Exhibition Industry Faced Minor Slowdown Q2 2024

The U.S. B2B exhibition industry experienced a minor slowdown following a robust first quarter (Q1) in 2024, according to the Center for Exhibition Industry Research (CEIR) Q2 2024 Index that measures overall exhibition performance by four metrics—exhibitors, attendance, net square footage and real revenues. 

Due to a modest performance in all four of the CEIR metrics for completed events, the Q2 Index value dropped from 92.3 in Q1 to 87.7 in Q2, compared to 100 in 2019.  

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.