By Gloria Mellinger
Global Sources’ China Sourcing Fair is coming to the Miami Beach Convention Center in Miami, FL June 19-21. Now in its fourth year, the import/export fair provides flea market vendors the opportunity to source directly from a wide array of quality manufacturers from China, Hong Kong and Taiwan. The five product pavilions are Electronics, Gifts & Premiums, Home Products, Fashion Accessories, and Garments & Textiles.
Deals on new products
Last year, the Miami fair drew around 800 manufacturers and suppliers, as well as more than 6,000 attendees. Bill Janeri, general manager of Global Sources, forecasts 7,500 show visitors at the upcoming event. “Flea market vendors are looking for new sources of quality products and that next hot product that will ignite sales at their booths,” says Janeri. “China Sourcing Fair provides an opportunity for them to find deals on new products, and to meet and form relationships with potential suppliers. Many manufacturers are looking to expand into other markets, and are willing to start with smaller orders and grow with businesses. The flea market and import/export worlds are coming together. This is due in part to a global economy as well as to product availability and technology. Online sourcing has opened the door to a lot of suppliers that flea market vendors did not have access to before.”
Free “How to Source” sessions
The China Sourcing Fair is also offering free educational sessions on “How to Source from Asia.” The first session provides tips on how to evaluate manufacturers at the show. Another session, presented by Mike Bellamy, will offer strategies vendors can use to work with manufacturers in Asia on product quality control, logistics and supplier payments. Bellamy has been sourcing products from Asia for 17 years, and represents several large buying corporations. He is able to evaluate the pros and cons of different suppliers, and knows what to look for to get the best deals. There also will be a session on how to buy online. The conference schedule is available on the China Sourcing Fair website under the “Visitor Services” link.
Lucky Draw giveaway
Again this year, the China Sourcing Fair is hosting a Lucky Draw giveaway. “We will be giving away eight iPads during the three-day show,” Janeri shares. “We recognize that B2B trade shows can be exhausting, so we are including this Lucky Draw to add a little more fun.”
Product preferences survey
To better understand buyers’ sourcing behavior and their product preferences, Global Sources conducts an annual survey of professional buyers of consumer products in North America and Latin America. Of the 562 respondents to its February 2014 survey, more than half (55 percent) have been in business for over 10 years. “This indicates that these show visitors are well-established buyers and importers of consumer products for the Latin American market,” Janeri notes. The survey also revealed that 91 percent of respondents are buying more or plan to buy more products from Asia this year. Nearly three quarters (74 percent) of respondents are small companies with less than 50 employees. More than half of respondents (53 percent) have been importing products from Asia for more than five years.
Show registration is free for qualified buyers. To enter the show, all visitors must present a business card with their name and company name printed on it. No one under 18 years old will be admitted at any time during the event.
Global Sources, Inc.