globalsources.com - manufacturers globalsources.com - manufacturers
Comprehensive search results and verified suppliers
globalsources.com - manufacturers
Press Releases
Meetings with Pre-Screened Verified China Suppliers Help 14 Top Buyers, Including Brookstone and Staples, Save Time and Cut Sourcing Costs
Buyers Representing US$204 Billion in Combined Sales Joined Private Sourcing Events: Gifts & Novelties and Personal Care & Health Products
HONG KONG, June 2, 2008 – Fourteen buyers with combined annual sales of US$204 billion met 45 Greater China suppliers pre-screened by Global Sources (NASDAQ: GSOL) at Private Sourcing Events (http://www.PrivateSourcingEvents.com) for gifts & novelties and personal care & health products. The events were held in Shenzhen on May 22 and May 28, respectively.

Six buyers participated in the Gift & Novelties Private Sourcing Event, namely:

  • Brookstone – one of the largest US specialty retailers
  • Carlsberg – one of the world's largest brewery groups
  • Li & Fung – sourcing on behalf of Toys "R" Us, one of the world's leading retailers of toys and baby products
  • Office Depot – one of the world's largest office product retailers
  • RadioShack – the third-largest US electronics chain
  • Test Rite – Taiwan's largest trading group

Eight buyers participated in the Private Sourcing Event covering personal care and health products:

  • Dairy Farm – a leading pan-Asia retailer of foods and durable consumer goods
  • Dollar General – the largest retailer in the US by number of store locations
  • Kaufland – the largest hypermarket chain in Germany
  • Kesa Electricals – Europe's third-largest electronics retailing group
  • Li & Fung –the world's leading buying agency for consumer goods
  • Otto International –a professional trading organization and part of the Otto Group, one of the leading international trading and services groups
  • Test Rite – Taiwan's largest trading group
  • Woolworths UK – one of the UK's largest retailers on home, family and entertainment.

Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "Across our specialized online, trade show and print channels, we save buyers' time by offering them highly focused sourcing opportunities with suppliers already verified and ranked based on the amount of information they've provided.

"Private Sourcing Events take this to the next level by focusing on specific products. Invited suppliers have been verified by Global Sources and pre-screened by each buyer. Not only does this reduce the time it takes to source products, it aims to reduce the high cost involved in identifying and qualifying suppliers."

One buyer, Senior Procurement Officer of Carlsberg Procurement, Dick Man, said: "This is incredibly convenient. To meet such a targeted group of qualified suppliers for a single product category, we'd have to send teams to sourcing hubs across China. We were able to accomplish in one day what usually takes several weeks."

One supplier, Director of International Department for Softto Company Ltd, Linda Li, said: "We had some very productive meetings. Instead of general buying teams, we met with specialized buyers from each company responsible for sourcing the kind of products we make."

World's Top Buyers Scheduled to Attend Upcoming Private Sourcing Events

Eighty Private Sourcing Events are scheduled for 2008, with dozens of buyers including Best Buy, Carrefour, Circuit City and Lowe's confirmed 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 the company's 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 ), Global Sources monthly magazines and Global Sources Direct ( http://www.GlobalSourcesDirect.com ).

For more information about Global Sources' products and services to connect quality buyers and quality suppliers, visit http://corporate.globalsources.com .

  More Information
Video New on video
Next generation of online sourcing platform


Bookmark this page

About Global Sources  |  About Global Sources - Chinese  |  Investor Relations  |  Partner With Us  |  Help & FAQ  |  Site Map  |  Contact Global Sources
Our other sites:  Country Sourcing  |  Global Sources Direct  |  EE Times - Asia  |  EE Times - India
globalsources.com.cn - manufacturers  |  EE Times - China  |  esmchina  |  EE Times - Korea  |  EE Times - Taiwan  |  Chief Executive China online  |  EL Online  |  Electronic Design-China online  |  Blue Bamboo - 6xue.info  |  Blue Bamboo - chinadeco.com.cn
Browse by: Top Products  |  New Products  |  China Suppliers
   Terms of Use    Privacy Policy    Security Measures    IP Policy   More manufacturers