Global Sourcing Fair: Electronics gains momentum in Shanghai
Global Sourcing Fair: Electronics has enjoyed continuous growth since its launch in China's business capital of Shanghai. The Fair resumed at the Shanghai New International Expo Centre on June 2 to 4, 2010. The three-day event attracted 4,028 visitors from 82 countries and showcased over 460 booths of the latest electronic innovations from Greater China. Top international buyers at the Fair included China Panasonic, Philips, New Egg, HTC, Siemens, ZTE, Infineon, Hitachi, Pentax, www.139shop.com and more. Product pavilions included consumer electronics, telecom & wireless products, computer & networking products, security products, electronic accessories, in-car electronics and GPS.
As the world's electronics powerhouse, China is home to many of today's top-brand electronics suppliers. Shanghai, the largest commercial center in the mainland, has become the country's most dynamic sourcing hub for high-end and affordable electronics. Procurement by multinational firms, including Wal-Mart, Honeywell and Dell, is expected to jump 30% in the city this year.
Global Sources Exhibitions President Tommy Wong believes that Shanghai is an ideal location for local and international buyers to source from China. He likewise expressed optimism over the Fair's growth in the city. "As many local China buying companies have offices strategically located in Shanghai, holding the Fair in this major sourcing hub is a perfect choice. China's domestic market has tremendous potential, with incomes and living standards rising continually, making Shanghai the ideal location for domestic buyers to source efficiently for resale throughout the country. Shanghai also offers business opportunities to international buyers. As effects of the economic crisis disperse and global demand gains strength, China suppliers are eager to quickly obtain overseas orders to capture market share," he stressed. "According to the China Retail Report, the country's retail sales are expected to soar 79% to US$3.58 trillion by 2014. China's consumer electronics market, in particular, is forecast to expand 55.8% to over US$200 billion by that year," he added.
First-time visitor Top Parts Electronics Co., Ltd. is a local buyer reselling to Metro, Carrefour, Wal-Mart, RT-Mart, Auchan, Lotus and to over 400 shops all over China. The company has between RMB20 and 30 billion annual sales. "The Fair is very helpful for big buyers like us. We found many products here. We met several suppliers we'd like to do business with. The free shuttle bus service is also very convenient. Shanghai is an important city for Chinese suppliers. We enjoyed the show and plan to visit the one in Hong Kong," said the company's representative.
Shanghai Inteva Automotive Door Systems Co., Ltd. is also a local buyer at the Fair. " We supply to GM, Volkswagen, and more. We spend RMB 17 billion for our annual purchasing, 70% of which is for chain domestic suppliers. The Fair is a one-stop sourcing venue for buyers like us. We plan to visit more Global Sourcing Fairs in the future," purchasing manager Xiong Hua said.
Gunnar Hansen of Danish electronics company Danbit was impressed with the flexible delivery terms offered by Chinese suppliers. "Two years ago, we thought it was difficult to work with Chinese suppliers because they expected us to buy large quantities, but now it appears they are willing to deal with a smaller company like us," he said. "We usually go to Computex in Taiwan, but this year we came here instead. Shanghai is amazing¡ it's much more interesting than other electronics centers like Taipei. We also plan to visit the Fair in Hong Kong," he added.
The Fair's on-site services further enhanced buyers' sourcing experience. 3D product displays were seen at the Fair's Virtual Product Galleries. This feature allowed buyers to explore new electronic advancements from competent manufacturers unable to attend the event. Buyers also received Global Sources Show Guide Magazines and eMagazines in CD-ROM. Pre-selected exhibitors were able to deal directly with big buyers in the industry at Private Buyer Meetings. Furthermore, the Fair's Free Conference Programs featured industry experts lecturing on China sourcing strategies and the latest market trends.
Take part in another dynamic business-to-business event at the next Global Sourcing Fair: Electronics in Shanghai, China. The Fair resumes at the Shanghai New International Expo Centre on June 28 to 30, 2011. Whether you are a domestic or overseas buyer, the Shanghai Fair offers cost-effective sourcing from Greater China's innovative manufacturers to help maximize your investment returns.