Bardahl, Creata, Decathlon, Mary Kay, Monster Cable, Petco, Sears and Staples benefit from streamlined sourcing in exclusive meetings with nearly 50 pre-selected suppliers
HONG KONG, Nov. 17, 2010 /PRNewswire-Asia/ -- Eight Global Sources Custom Private Sourcing Events were held across mainland China cities from July to October this year, helping top buyers source more efficiently from targeted pre-screened suppliers.
In these Custom Private Sourcing Events (http://www.privatesourcingevents.com/ ), Global Sources (Nasdaq: GSOL) (http://www.globalsources.com/) brought together big international retailers and Greater China suppliers in face-to-face exclusive meetings. Participating buyers were Bardahl, Creata, Decathlon, Mary Kay, Monster Cable, Petco, Sears and Staples.
Sourcing teams of these companies, which represent US$79.3 billion in annual sales, met nearly 50 pre-selected suppliers in the Custom Private Sourcing Events held in the third quarter of 2010.
Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "Buyers and suppliers are eager to do business as trading opportunities expand. Growth momentum is returning steadily in developed economies and buying power continues to build impressively in emerging markets. The International Monetary Fund, while anticipating moderate economic growth worldwide in 2011, estimates a strong upturn of 7.1 percent for emerging markets in particular next year.
"With the trade environment improving, Global Sources' Custom Private Sourcing Events make it possible for major buyers to easily find suppliers that can become perfect business partnerships for them."
Product categories at the July-September Custom Private Sourcing Events ranged from furniture and auto parts to fashion products and iPod / iPhone accessories. Prior to the meetings, buyers provided their sourcing specifications and Global Sources helped them pre-select suppliers offering precisely those types of quality products, vastly streamlining buyers' sourcing strategies for greater profitability.
Hinrichs said: "The fact that more and more leading retailers are joining our face-to-face sourcing events is a constant affirmation that Global Sources delivers quality suppliers to buyers who depend on reliability and consistently high-potential products."
Buyer representation at the events includes:
One participating buyer, Monster Cable's Vice President of Asia -- Pacific Business Development, Leo Lin, said: "As a leading producer of high-end A/V cables, we put great emphasis on product quality and suppliers' ability to meet our requirements. With deep knowledge in international trade and long-term relationships with buyers and suppliers, Global Sources can help us find top-tier Greater China suppliers to become our trust partners.
"We thank Global Sources for greatly simplifying our sourcing program, and for providing us with an efficient platform to discover new, qualified trading partners in a short space of time."
One supplier who participated in the event, Sales Manager of Shantou Nanheng Industrial Co., Zhou Qiong, said: "With demand rising in markets around the world, we need to connect as quickly as possible with the right buyers. Global Sources' Custom Private Sourcing Events provide the answer as a direct channel for us to meet and begin business relations immediately with top companies that offer long-term prospects."
World's major buyers attending Private Sourcing Events
Over 100 Global Sources Private Sourcing Events are planned for 2010. All Private Sourcing Events are complimentary for buyers and only Global Sources verified suppliers are eligible to participate. More information about Private Sourcing Events is available at http://www.privatesourcingevents.com/
Suppliers wishing to participate should contact csm@globalsources.com.
Specialized Global Sources websites, face-to-face events and trade magazines
Private Sourcing Events are part of Global Sources' portfolio of brands for sourcing and product information services, which include Global Sources Online (http://www.globalsources.com/ ), China Sourcing Fairs (http://www.chinasourcingfair.com/ ) and Global Sources monthly magazines (http://www.globalsources.com/SITE/MAGAZINES.HTM).
For more information about Global Sources' products and services to connect quality buyers and quality suppliers, visit http://www.corporate.globalsources.com/.
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business uses English-language media to facilitate trade from Greater China to the world. The other business segment utilizes Chinese-language media to enable companies to sell to, and within Greater China.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 967,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 240 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on over 4.7 million products and more than 262,000 suppliers annually through 14 online marketplaces, 13 monthly print and 18 digital magazines, over 80 sourcing research reports and 20 specialized trade shows which run 57 times a year across 9 cities.
Suppliers receive more than 192 million sales leads annually from buyers through Global Sources Online (http://www.globalsources.com/) alone.
Global Sources has been facilitating global trade for 40 years. Global Sources' network covers more than 60 cities worldwide. In mainland China, Global Sources has about 2,700 team members in more than 40 locations, and a community of over 2 million registered online users and magazine readers for its Chinese-language media.
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-480-664-8309
Email: strachan@globalsources.com
Global Sources Investor Contact in Asia:
Suzanne Wang
Tel: +852-2555-4747
Email: investor@globalsources.com
Global Sources Investor Contact in U.S.:
Kirsten Chapman & Timothy Dien
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: tdien@lhai.com
