Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Saturday, Feb 24, 2024

Global Sources Exhibitions celebrate 20 years of facilitating trade and propelling the global economy

Global Sources Exhibitions celebrate 20 years of facilitating trade and propelling the global economy

As a major breakthrough in post-pandemic trade shows, Global Sources Hong Kong Exhibitions kicked off on April 11, tapping into the rebounding demand from buyers and suppliers worldwide.
2023 marks the 20th anniversary of Global Sources Exhibitions; the Hong Kong shows, which kickstarted on April 11, are the inaugural stops of the celebration tour. “Over the past two decades, we have been dedicated to connecting top-tier suppliers with buyers from all around the globe, fostering growth and opportunities for businesses across the diverse and dynamic consumer electronics landscape,” says Hu Wei, Chief Executive Officer of Global Sources.

After three years of COVID-19 that saw its trade shows scaled down and migrated to a hybrid online-and-offline mode, this is Global Sources’ first post-COVID full-scale trade shows, occupying all 10 exhibition halls at AsiaWorld-Expo. Held in two phases, the shows are expected to draw more than 60,000 professional buyers from 150 countries and regions worldwide.

John Kao, Global Sources’ Vice President, Hong Kong Show and Overseas Show, says: “I am so very moved on this momentous occasion. It’s such a pleasure to once again see so many familiar faces as well as new ones. We want to express our deepest gratitude to buyers and exhibitors who have worked alongside us over the years.”

Decades of evolution

Global Sources is known as the world’s first international business-to-business (B2B) platform, and the worldwide trade facilitator has been moving in tandem with the progress of global businesses since 1971.

“There were ups and downs over the last three years, and to ride out the storm of economic crisis is certainly no easy task,” notes Carol Lau, Global Sources’ Senior Vice President, Client Service, Sales Support & Analytics, adding that the corporation has had ample experience persevering through crises. These include the 2008 financial tsunami and the 2003 SARS epidemic, both of which saw steep declines in global trade volumes.

Keeping up with market trends

Many of the accomplishments, Kao says, can be attributed to Global Sources’ ability to respond to the demands of buyers and exhibitors. When live exhibitions were scrapped or postponed during the pandemic, the company expanded its digital offerings, launching a customized online matching service to help international buyers connect with verified suppliers. When the epicenter of global trade and manufacturing shifted to the East, Global Sources tweaked its operation focus to stay ahead of the game.

Take car electronics. “Mainland China’s manufacturing capabilities and automotive electronics market has been growing exponentially, at the same time, propelling the electric motorcycle and scooter markets. This is why car components and electric vehicles are major highlights of this year’s show,” explains Kao.

“Customer-centric is at the heart of everything we do,” says Wei, who credits the company’s success to understanding market trends and what their clients want, designing services and products that fit market needs accordingly.

Getting ahead

Customer experience is also top-of-mind when Global Sources curates its exhibitions, each one planned around a year ahead. Lau says that the company applies artificial intelligence (AI) technology in tailoring product recommendations, ensuring buyers will get the most out of the exhibitions; there are also digital mechanisms that better identify the background and categories of buyers as they register before the shows.

“Data such as whether they are wholesaler or manufacturer is incredibly useful to suppliers,” Lau adds. “This time, we also generate a QR Code for each exhibitor booth. It means that tracking the booth location and accessing exhibitor and product information is easier than before.”

Over the 20 years, Wei observes that as many more buyers are looking to diversify their supply chains, Global Sources will continue to explore new markets. “Sourcing shows in Vietnam and Germany are in the pipeline, for instance. We will remain nimble and vigilant in strengthening our planning strategies and attracting international talents of different backgrounds.”

“Moving forward, digitalization will be a primary focus, as are introducing buyers to new, innovative products and stimulating global trade,” Wei concludes.

Global Sources Hong Kong Trade Show 2023

Date: April 11 – 14 (Phase I) / April 18 – 21 (Phase II) 2023

Venue: AsiaWorld-Expo
Newsletter

Related Articles

Hong Kong News
0:00
0:00
Close
It's always the people with the dirty hands pointing their fingers
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Steve Jobs' Son Launches Venture Capital Firm With $200 Million For Cancer Treatments
Google reshuffles Assistant unit, lays off some staffers, to 'supercharge' products with A.I.
End of Viagra? FDA approved a gel against erectile dysfunction
UK sanctions Russians judges over dual British national Kara-Murza's trial
US restricts visa-free travel for Hungarian passport holders because of security concerns
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Political leader from South Africa, Julius Malema, led violent racist chants at a massive rally on Saturday
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
'I am not your servant': IndiGo crew member, passenger get into row over airline meal
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Spanish Citizenship Granted to Iranian chess player who removed hijab
US Senate Republican Mitch McConnell freezes up, leaves press conference
Speaker McCarthy says the United States House of Representatives is getting ready to impeach Joe Biden.
San Francisco car crash
This camera man is a genius
3D ad in front of Burj Khalifa
Next level gaming
BMW driver…
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
×