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October 2024 Global Sources Hong Kong Shows Conclude, Innovation Drives New Trends in Global Trade, Multiple Shows Combine to Boost Global Trade Development

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HONG KONG, Nov. 6, 2024 /PRNewswire/ — The October 2024 Global Sources Hong Kong Shows at AsiaWorld-Expo have concluded recently. The three-phase show program, spanning multiple sectors including Consumer Electronics, Electronic Components, Smart Home, Lifestyle, Sports & Outdoor, and Baby & Children, attracted nearly 5,000 premium Asian suppliers and showcased over 500,000 innovative products, setting a new record for exhibitor participation. The show recorded more than 120,000 attendees, with a marked increase in the presence of professional buyers from Eastern Europe, the Middle East, and Southeast Asia.

Since their inception, the Global Sources Hong Kong Shows have become an important trade sourcing platform in Asia, leveraging the advantages of industry-specific exhibitions. This edition showcased the latest technological achievements and product innovations through diverse activities and professional networking sessions. It integrated unique digital services with physical exhibitions to offer a comprehensive O2O (Online-to-Offline) experience for exhibitors and buyers.

Before the event, marketing efforts highlighted show features and popular products to attract buyer interest. During the event, opportunities for face-to-face communication and business negotiations were created. After the event, online displays continue to allow buyers to review and discuss products on show. These initiatives enhance the overall experience for exhibitors and buyers alike, promote business transactions, and have received positive feedback, reinforcing the leading position of the Global Sources Hong Kong Shows in the industry.

The shows were conducted in three phases, each with distinct themes and rich content. The first phase focused on consumer electronics and electronic components, themed around ‘Innovation, eSports Thrills, AI Integration, and Sustainability.’ It covered esports and gaming hardware peripherals, computer peripherals, automotive electronics, outdoor electronics, audio-visual and commercial electronics, electronic components, semi-finished batteries and power supply equipment, connectors and product application solutions, and upstream semiconductor products. The second phase, centered on ‘Innovation, AI+, Sustainability, and Companionship,’ combined four professional trade shows: Mobile Electronics; Smart Home, Security & Appliances; Lifestyle and Home & Kitchen, covering smart home appliances, pet supplies, wearable electronics and more.

The third show phase, featuring the Sports & Outdoor and Baby & Children’s Products shows, presented a comprehensive range of merchandise, including equipment for camping, fitness, water sports and outdoor activities, sportswear and accessories, as well as products and services for maternity and childcare needs.

Exhibition Highlights: eSports, Smart Electronics, Pet Products, and Tech Fitness Lead New Trends

During Phase 1, the Gaming and eSports Hall became a focal point, featuring numerous IP-licensed products that demonstrated the new trend of integrating esports peripherals with IPs. The licensed merchandise for Black Myth: Wukong drew particular attention. The show also featured eSports themed rooms and interactive experience zones, inviting China’s top esports teams and professional cosplayers, while founders of esports associations and teams shared industry trends.

In Phase 2, the debut of the Paws Boutique in the Lifestyle show became a new highlight. Various smart pet products were showcased, with the canine models proving a popular attraction. The debut of numerous smart pet products highlighted the new development trends in the pet industry during the smart era. Meanwhile, the smart wearables sector triggered another sourcing wave, demonstrating the deep integration of technology and lifestyle. Smart watches and smart rings gained market attention with their advanced functions and fashionable designs. HTC’s return to the show with VIVE Focus Vision generated widespread interest with its high-performance XR experience.

In Phase 3, the latest AR fitness equipment, which won a 2023 Red Dot Award, integrated digital technology, artificial intelligence, gym training, strength training, and smart home fitness functions, providing buyers with an immersive fitness experience. The ‘Sports Carnival’ activities onsite included pickleball, with HKPickle.Union and professional coaches leading training, alongside professional yoga instructors from high-end gym PURE Fitness providing on-site guidance.

Global Sources Innovation Awards

During the shows, Global Sources held its Innovation Awards ceremony to recognize electronic products demonstrating excellence in design, innovation, and quality, promoting technological advancement and market development. These inaugural awards received over 400 nominations, demonstrating exhibitors’ commitment to innovation and showcasing their industry leadership and innovative capabilities. The awards covered multiple categories, including consumer electronics, smart wearables, esports equipment, and smart home security, with 40 exhibitors ultimately receiving awards.

The awards featured a distinguished panel of judges from various sectors, including the Hong Kong Electronics & Technologies Association, Hong Kong Wireless Technology Industry Association, Hong Kong Retail Technology Industry Association, GS1 Hong Kong, and Hong Kong technology media. Their expertise and experience provided authoritative evaluation standards. Award-winning companies not only received high recognition from the industry but also gained opportunities to further enhance their brand image and market competitiveness through the Global Sources platform.

International Exhibitors

The show’s international character was prominent, attracting enthusiastic participation from companies based in Korea, Vietnam, Germany, the UK, India, and other countries, bringing diverse products across the electronic technology, home living, pet accessories, outdoor fitness, and baby products sectors. Participating companies not only showcased their countries’ latest technological achievements and innovative products but also actively sought international cooperation and exchange opportunities.

Exhibitor Feedback

With the conclusion of the Global Sources Hong Kong Shows, exhibitors have universally given high praise to the event. The shows once again demonstrated their vital role as a bridge in international trade and reflected the positive outlook of exhibitors for future business development.

Zhang Huan, Chairman of Shenzhen Limcent Technology(Shenzhen) Co., Ltd, said that the company has been operating its brand for over 20 years, and this year marks their fifth participation in the Global Sources Hong Kong Shows. He stated that the exhibition attracted a substantial crowd, and as a high-quality platform, Global Sources significantly enhanced the company’s customer conversion rate and attracted merchants from around the globe, leading to numerous actual transactions. Zhang Huan also mentioned that the company is actively expanding into the online market, and Global Sources has provided a global perspective, aiding in international market expansion, for which he expressed gratitude.

Synergy Innovations Group Limited, a company with 18 years of experience in the GPS watch industry, achieved remarkable results at the latest Global Sources Hong Kong shows. Sales Manager Alice Luo said that the company frequently participates in Global Sources shows, and this time was particularly successful, signing orders with both new and old customers. She said that previous customers continue to cooperate due to their trust in the Global Sources brand, while new customers, who discover the company through the app and the exhibition, highly appreciate the company’s products and services. Luo emphasized the importance of a long-term partnership with Global Sources.

Dennis Liu, General Manager of Shenzhen HIPPO Digital Co., Ltd, which specializes in wireless microphones, stated that through Global Sources’ exhibitions, the company has established cooperative relationships with over 50 brands in the past three years. He emphasized that the company’s continuing participation is because the Global Sources platform is the best channel for expanding overseas markets, and the O2O model of Global Sources is very supportive, with a reasonable booth layout and high-quality buyers.

Representatives from Guangzhou Kingslong Bag & Case Co., Ltd, which focuses on the production of laptop backpacks, stated that the company has consecutively participated in several editions of the Global Sources Hong Kong Shows, with significant results. In the European, American, and Middle Eastern markets, through these exhibitions, the company has not only gained many business opportunities but also established numerous partnerships, thereby winning widespread recognition for its products in the international market.

Buyer Feedback

Buyers expressed high satisfaction. They regarded the Global Sources Hong Kong Shows as an excellent sourcing platform, offering a wide variety of quality-assured products. The professional organization and diverse range of activities significantly enhanced the exhibition experience and efficiency.

Professional buyer Ziad Yaacoub, who does business in Europe, the Middle East, Australia, and Japan, has been attending Global Sources Hong Kong Shows for 20 years. He stated that the show provides valuable opportunities to interact with different manufacturers, and to learn about new designs and product features. This helps him to improve his products, while also serving as an important window through which to observe industry trends.

Shamsi, a professional buyer from Dubai, stated that Dubai’s market has an extremely high demand for new products. The extensive new product information provided at Global Sources Hong Kong Shows is crucial for them in identifying suitable suppliers and products.

American buyer Mike Reno, who focuses on developing and importing customized electronic products, explained that his preference for attending this exhibition is due to several factors: the higher quality of participating factories, the more logical layout of the exhibition, wider aisles, and the more convenient communication and visitor experience.

Indonesian buyer Hendry stated: “We primarily focus on computer accessories and gaming products. I have been attending the Global Sources Hong Kong Shows for several consecutive years because it’s my preferred platform for sourcing electronic products – it’s both helpful and convenient.”

Paulo, a buyer in electronic components sales, said: “Here we can find new suppliers and it’s a good opportunity to meet suppliers and to make a better relationship with them.”

Timothy Callens, a buyer focusing on gaming peripherals, keyboards, mice and headsets, also shared his experience: ” I come every year, I mean both of the shows every year. So, it’s just a norm for me by now. Having them all together in one spot, easy to search. It’s better to get face to face with the suppliers.”

These positive feedback demonstrate that the Global Sources Hong Kong Shows met the needs of buyers, facilitated efficient cooperation between suppliers and buyers, and promoted the prosperity of global trade. By providing a high-quality exchange platform, the Global Sources Hong Kong Shows strengthen industry connections and contribute to innovation and progress in global trade.

Outlook for the Future

John Kao, Vice President of Global Sources Hong Kong and Overseas Shows, stated that the Global Sources Hong Kong Shows will continue to play a vital role in global trade, by actively partnering with more high-quality enterprises. They aim to vigorously promote innovation and development across various industries through establishing long-term, stable partnerships. The shows serve as an excellent platform for suppliers to showcase innovative products while providing buyers with timely updates on market trends and sourcing options, building a bridge for communication and cooperation between buyers and sellers, helping both parties discover more business opportunities in global trade.

About Global Sources

Global Sources is an internationally recognized B2B sourcing platform that has been driving global trade for over 50 years. The Company connects authentic buyers and verified suppliers worldwide with tailored solutions and trusted market intelligence through trade shows, digital platforms, magazines and events. Global Sources’ unique online-to-offline (O2O) services have successfully provided efficient and convenient commercial services to over 14 million registered international buyers and users.

For Media Inquiry:

Market Hubs Holdings Limited

Lierence Li

Debbie So

+852 3998-4900

+852 3998-4900

lierence@markethubsgroup.com

debbie@markethubsgroup.com

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SOURCE Global Sources

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Avantor® Appoints Dame Louise Makin, DBE, Ph.D., to its Board of Directors

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RADNOR, Pa., Nov. 6, 2024 /PRNewswire/ — Avantor, Inc. (NYSE: AVTR), a leading global provider of mission-critical products and services to customers in the life sciences and advanced technology industries, announced that the Avantor Board of Directors has appointed Dame Louise Makin, DBE, Ph.D., as a director with an initial term expiring at Avantor’s 2025 Annual Meeting of Stockholders. The appointment of Dame Louise as an independent director fills a vacant board seat.

Dame Louise brings a wealth of leadership and industry experience to the Avantor Board. She served as Chief Executive Officer of BTG plc, an international specialist healthcare company, for 15 years and led their transformation through organic growth and acquisitions. The company was acquired by Boston Scientific in 2019. Earlier in her career, she held several leadership positions at Baxter Healthcare, most recently as President of Biopharmaceuticals Europe.

“Dame Louise has a proven track record of success in the life sciences industry, and we are excited to welcome her to the Avantor Board of Directors,” said Jonathan Peacock, Chairman of the Avantor Board. “Her addition further demonstrates Avantor’s commitment to ensuring we have a diverse Board, with the right mix of skillsets and experience to drive innovation across our portfolio, advance our mission, and create long-term shareholder value.”

“It is an honor to join the Avantor Board of Directors, and I look forward to working closely with the board and executive team to further strengthen the company’s position as a leader in the life sciences and advanced technologies industries,” said Dame Louise. “Avantor’s global reach, innovative products, and services uniquely position it to drive advancements at every stage of the scientific journey and deliver differentiated value to its many stakeholders.”

“Dame Louise is an excellent addition to our Board. I welcome her insights and expertise as we continue to execute our strategic plan to drive long-term growth and value creation,” said Michael Stubblefield, Avantor President and Chief Executive Officer.

Dame Louise currently serves as non-executive chair of the Halma plc Board of Directors and has served as a Non-Executive Director on the Boards of Premier Foods plc, Intertek Group plc, Woodford Patient Capital Trust, Atotech Ltd., and Theramex Ltd. She was also a Trustee of The Outward Bound Trust for 10 years and Chair of the 1851 Trust for five years.

Dame Louise is an Honorary Fellow of St John’s College, Cambridge. She holds both a master’s degree in natural sciences and a Ph.D. in material sciences from the University of Cambridge and earned an MBA from The Open University in Milton Keynes, England. She became a Dame Commander of the Order of the British Empire in 2014.

About Avantor
Avantor® is a leading life science tools company and global provider of mission-critical products and services to the life sciences and advanced technology industries. We work side-by-side with customers at every step of the scientific journey to enable breakthroughs in medicine, healthcare, and technology. Our portfolio is used in virtually every stage of the most important research, development and production activities at more than 300,000 customer locations in 180 countries. For more information, visit avantorsciences.com and find us on LinkedInX (Twitter) and Facebook.

Global Media Contact
Eric Van Zanten
Head of External Communications
Avantor
610-529-6219
Eric.VanZanten@avantorsciences.com

Investor Relations Contact
Christina Jones
Vice President, Investor Relations
Avantor
805-617-5297
Christina.Jones@avantorsciences.com

 

View original content:https://www.prnewswire.com/news-releases/avantor-appoints-dame-louise-makin-dbe-phd-to-its-board-of-directors-302297011.html

SOURCE Avantor and Financial News

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Phoenix IB Advises Spray Products in Successful $40 Million Refinancing

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PHILADELPHIA, Nov. 6, 2024 /PRNewswire/ — Phoenix IB®, a part of J.S. Held, a leading middle market special situations investment bank and independent licensed broker-dealer under federal and state securities law (CRD#: 132710/SEC#: 8-66628), acted as the exclusive investment banker to its long-term client, Spray Products Corporation, in arranging, structuring, and negotiating a $40 million loan package with Legacy Corporate Lending. 

J.S. Held subsidiary Phoenix IB closes refinancing with Legacy Corporate Lending.

“Phoenix IB is delighted with the credit package we were able to arrange for Spray Products,” noted Michael Jacoby, a Senior Managing Director at Phoenix IB. “Not surprisingly, there was a lot of interest from a variety of lenders, both regulated and non-regulated. The Legacy team spent the time to understand the Company and its business plan, and tailored a solution that fit Spray’s needs and will provide the necessary support for years to come.”

Spray Products is a leading custom contract manufacturer of aerosol and liquid consumer products. Proceeds from the financing will be utilized to refinance the Company’s existing credit facilities and fund additional working capital to finance its continued growth and capital expenditures. Peter Bastian, Executive Vice President of Spray Products LLC, shares, “We could not be more pleased with the closing of our new financing with Legacy Corporate Lending and the guidance we received throughout the transaction from Phoenix IB. The Phoenix team was able to successfully communicate our story, and through our new facility with Legacy, we are confident we have partnered with a firm that shares our values and is excited to support Spray’s next phase of growth.” 

Legacy Corporate Lending LLC, in alliance with Bain Capital Credit, L.P., specializes in providing revolving credit facilities and term loans to businesses across diverse industries. The firm aims to facilitate access to capital for companies seeking alternatives to traditional bank lending or the syndicated lending market.

“We were extremely impressed with the refinancing process that Phoenix IB led for Spray Products,” said Clark Griffith, CEO of Legacy Corporate Lending, LLC. “The professionalism and fairness shown by Steven Warsaw, Michael Jacoby, and the team was refreshing to experience and appreciated in this competitive market. Our process was easy to navigate given the quality of the information, their responsiveness to questions, and the approach they took in understanding the best borrower/lender fit.”

Doug Greer, Spray Products Chief Financial Officer, adds, “Michael Jacoby, Steven Warsaw, and their team spent considerable time to understand the intricacies of our business and worked closely with us to develop a financing structure that meets our needs for the next several years. We believe that we will continue to see the benefits of their collaboration with our business well beyond our engagement.”

Across a broad spectrum of client types, from start-ups in an early stage with exciting growth potential to a mature company amid a corporate turnaround, Phoenix IB capital raising services are designed to provide tailored financing solutions across the capital structure, particularly for clients faced with complex growth or funding situations. “At Phoenix IB, every transaction we close reflects our precision, perseverance, and partnership with our clients,” shares Phoenix IB Managing Director Steven C. Warsaw. Mr. Warsaw continues, “The robust interest in financing Spray Products created a highly competitive process, and we are very pleased to have selected the loan package provided by Legacy, which we feel is best positioned to provide needed flexibility as Spray facilitates its next chapter of growth.”

About Phoenix IB

Phoenix IB is a boutique, special situations-oriented investment bank providing seamless investment banking solutions, including M&A advisory, complex restructurings, and capital placements. Phoenix IB is a US registered broker-dealer and member of FINRA and SIPC.

As a part of J.S. Held, Phoenix works alongside more than 1500 professionals globally and assists clients – corporations, insurers, law firms, governments, and institutional investors.

J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high-stakes events demanding urgent attention, staunch integrity, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.

J.S. Held professionals serve organizations across six continents, including 81% of the Global 200 Law Firms, 70% of the Forbes Top 20 Insurance Companies (85% of the NAIC Top 50 Property & Casualty Insurers), and 65% of the Fortune 100 Companies.

J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.

Media Contact

Kristi L. Stathis, J.S. Held, +1 773 294 4360, Kristi.Stathis@jsheld.com, JSHeld.com

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SOURCE Phoenix IB, a part of J.S. Held

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Grovara’s Safe B2B CPG Global Trading Platform Expands Product Offering Into Eyewear, Will Add 10-Plus Complementary Verticals By End Of 2025

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PHILADELPHIA, Nov. 6, 2024 /PRNewswire/ — Grovara, the safe, all-in-one platform streamlining global trade for the Business-to-Business (B2B) Consumer Packaged Goods (CPG) industry, is expanding the offerings on its online marketplace beyond food and beverage beginning with the rapidly growing eyewear market.

The global eyewear market is projected to grow by more than 18% through 2029, presenting a tremendous growth opportunity via higher margins and increasing online sales. Grovara is now selling Popticals, collapsible sunglasses for active lifestyles featuring Italian craftsmanship and superior lens technology. In the coming weeks there are plans to add additional eyewear brands, which can now tap Grovara’s technology to simplify their typical sales transaction from three weeks to three clicks. 

“The potential for Grovara’s platform is infinite, and expanding into the eyewear vertical is a great step forward as we ramp up and evolve our SaaS technology offering,” says Grovara CEO Peter Groverman. “Whether you’re selling a kombucha or carousel of sunglasses, the transaction process is the same and Grovara’s platform handles the full process.”

Popticals deliver an unequaled combination of quality, performance, and convenience. The brand boasts an innovative nylon-based lens technology, plus a patented micro-rail system that allows its glasses to collapse down for uniquely easy storage.

“We are excited to join Grovara’s growing platform and bring our unique product within the premium sunglasses market to a global audience,” says Gary DiSalvo, Owner and CEO of Popticals. “This partnership allows us to share our commitment to quality and innovation with more people. Additionally, it aligns with Grovara’s mission of making high-quality, complementary products easily accessible to businesses around the world.”

Over the last decade, Grovara has become a leader in the natural food and beverage sector by growing the global profile of some of the most well-known brands in the world – like GT’s Kombucha, True Citrus, and Honey Stinger — and helping them break into new markets. Grovara’s expansion into other complementary verticals will include 10 new product categories over the next 12 months, including beauty, pets, home goods, and alcohol.

Grovara’s CPG expansion is powered by its partnership with Accelerate360, an omni-commerce sales, media, and distribution company that propels promising brands by supercharging affinity and availability. Accelerate360 recently launched 50 models of premium reader eyeglasses on Grovara with many more categories and brands on the way.

“We are excited to partner with Grovara as they establish new product categories and provide expanded opportunities for entrepreneurs and challenger brands” says Accelerate360’s Sam Roberts, VP of eCommerce – Pure Play & Omni-Channel Retail.

Those CPG brands interested in joining Grovara’s platform can reach out for a demo of its SaaS technology here.

Contact:
J.A. Petrucci
215-203-2227
385927@email4pr.com

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SOURCE Grovara

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