New buyers at Global Sources event double

News this week: NASDAQ-listed Global Sources reported that new buyers at its Private Sourcing Events (PSEs) more than doubled in the first half of 2010. The company reported over 200 sourcing teams held one-to-one sourcing meetings with over 1,000 suppliers pre-selected by Global Sources at key manufacturing hubs in China and at the company’s China Sourcing Fairs during the first half of 2011.

The PSEs in the first half covered industries including baby and children’s products, mobile phone accessories, apparel and fabrics, and gifts and packaging among others. New buyers highlighted by the company included AEON, E.Leclerc, Forever 21, Fujitsu, J.C. Penney and Lidl.

Global Sources’ chairman and CEO, Merle A. Hinrichs, stated in the company’s press release, “As emerging markets continue to show strong growth, we are seeing an increase in the number of buyers from Russia, Latin America and India. Our one-to-one meeting format provides the ideal environment for buyers from these regions to outline their specific market needs and confirm suppliers’ capabilities.”

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