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Hong Kong Offers New Sourcing Opportunities over Summer

The 3rd edition of the Summer Sourcing Show for Gifts, Houseware and Toys opens today (July 4). Picture shows Chairman of the Hong Kong Association of Banks Mr Peter Wong (centre), Executive Director of the Hong Kong Trade Development Council Mr Fred Lam (right) and Chairman of the Fair Organising Committee Mr Jeffrey Lam (left) at the opening ceremony.
Mr Peter Wong highly appreciated the quality of Hong Kong-designed kitchenware.

The 3rd edition of the Summer Sourcing Show for Gifts, Houseware and Toys opens today (July 4) at the Hong Kong Convention and Exhibition Centre. The four-day fair is tailor-made for buyers who now need to source more regularly and frequently throughout the year due to shorter product cycles and stock control.

The fair was launched in 2004 to provide extra opportunities for promotion and sourcing in between the traditional buying seasons of April and October.

Organised by the Hong Kong Trade Development Council (TDC), the fair has attracted over 1,000 exhibitors from 18 countries and regions. Group pavilions include participants from the Chinese mainland, Korea, the Philippines, Taiwan, Thailand, Vietnam and the Hong Kong Exporters' Association.

A wide spectrum of merchandise including houseware, small electrical appliances, gifts & premiums, paper & packaging, kitchenware & gadgets as well as artificial flowers, bathroom accessories, toys & sporting goods and ladies items are featured at the fair.

Speaking at the opening ceremony, Chairman of the Hong Kong Association of Banks Mr Peter Wong said there was also an ongoing trend towards consolidation of buyers and retail channels.

He said: "In particular, large-scale retail chains and mass merchants are minimising inventory and shortening delivery lead time in an effort to reduce costs and business risks."

Encouraging Hong Kong companies to capitalise on this trend, Mr. Wong praised their ability to produce a variety of products ranging from basic, price-competitive goods to sophisticated, higher-value merchandise.

"Hong Kong companies are also known for their sensitivity to changing market needs, quality, quick response, efficiency and reliability."

Mr Wong added that the variety of products on display at the fair is most impressive. "This is one of the reasons why the Summer Sourcing Show has become a valuable addition to the international trade fair calendar. It offers buyers an extra platform in the middle of the year to source gifts, houseware and toys under one roof."

TDC's overseas office network organised more than 70 business missions. Over 3,500 VIP buyers from the US, Europe, Japan, South Africa and the Chinese mainland are invited to visit the fair.

Mr. Jeffrey Lam, Chairman of the Fair Organising Committee said a number of new measures were introduced to attract more buyers at the fair.

"In view of buyers' preference to travel with family members during the summer holidays, an array of family activities are on offer this year. These include complimentary accommodation at Hong Kong Disneyland, sunset boat cruises to the Jumbo seafood restaurant, and tours to the Big Buddha on Lantau Island. At the fairground, we have also arranged playgroup programmes for kids," he said.

To allow buyers to locate their target products more easily, the exhibitors are grouped into seven themed zones: Gift Ideas, Dining & Cooking, Style & Décor, Home Living, Fun & Play, the premium section Treasure Island as well as the newly created Ladies' World.

Treasure Island is an exclusive section created to showcase 12 outstanding Hong Kong companies whose products boast exceptional standards of style, quality and creativity.

Spicing up the fair are several seminars, allowing buyers to gather the most updated business intelligence. Two seminars are conducted by Hong Kong Toys Council and the Hong Kong Exporters' Association. Other seminars will focus on successful brand building as well as market and product trends.

The Hong Kong Licensing Show 2006 is taking place concurrently (July 4-6) with the Summer Sourcing Show.

References:
Summer Sourcing Show for Gifts, Houseware and Toys - http://summersourcingshow.com
Profile on Gifts & Premium Industry - http://www.tdctrade.com/profile/gift.htm
Profile on Houseware Industry - http://www.tdctrade.com/profile/houseware.htm
Profile on Toys Industry - http://www.tdctrade.com/profile/toy.htm
Hong Kong Licensing Show - http://www.hklicensingshow.com

For media enquiries, please contact TDC Corporate Communication Department at 2584 4510 / 2584 4049.

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Content provided by Hong Kong Trade Development Council