Companies optimistic about growth in European and Asian markets
By: SSN Staff
While the volatile economy, inflation, and geopolitical conflict in Europe have proven to be significant challenges for many direct selling companies’ top-line sales of late, the final months of 2022 have seen several direct sellers expand their markets, research hubs, and operations on an international scale.
Amway Expands Research and Development Operations
Amway announced recently plans to expand its research and development reach on an international scale. In a Dec. 8 release, the Ada, Michigan-based company revealed its plans to open a Business Innovation Hub in the Central Business District of Singapore.
Promoted as a springboard for its next stage of strategic growth in Asia, the new hub will allow Amway to accelerate and support product innovation in the country where it has provided health and wellness products and entrepreneurial opportunity for over 20 years. Amway cites the evolving wellness needs in the Asian as well as global markets as its motivation to proceed with this strategic expansion.
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