Nearly 20,000 Buyers at HKTDC’s Watch & Clock Fair
September 22, 2015
The 34th edition of Hong Kong Watch & Clock Fair, co-organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades and Industries Ltd., ran from 8th to 12nd September at the Hong Kong Convention and Exhibition Centre (HKCEC).
The Watch & Clock Fair featured more than 780 exhibitors from 23 countries and regions, with first time exhibitors from Bermuda, Denmark, Lebanon, Russia and Spain. The five-day event attracted over 19,600 buyers, up about 2% compared with the previous year. Encouraging visitor numbers were recorded from some major buyer markets including Italy, France, Australia, Korea, India, Vietnam and Iran. As buyers are shortening the delivery lead-time and placing smaller orders, the HKTDC has set-up an online platform, which showcases products with minimum orders of less than 1,000 pieces.
HKTDC’s deputy executive director, Benjamin Chau, said, “Hong Kong Watch & Clock Fair provides an ideal platform for the industry to network and conduct business. Although Hong Kong’s watch and clock industry has to battle rising rents and operating costs, it has been able to push ahead using its versatility and creativity. The mid-range affordable luxury products Hong Kong has launched, the smart watches and accessories it developed and the e-tailing channels it opened, have attracted global attention.”
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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