Wednesday, February 8, 2023
  • namastenewsline@gmail.com
Hello Namaste
Advertisement
  • Home
  • Articles
  • Business
  • Canada
  • Entertainment
  • Food
  • Global
  • Health
  • India
  • Lifestyle
  • Sports
  • Travel
Hello Namaste
No Result
View All Result
Home Business

Amway launches Singapore Business Innovation Hub

...to accelerate health and wellness innovation

December 13, 2022
in Business, Global
Amway launches Singapore Business Innovation Hub
Share on FacebookShare on Twitter

You might also like

Celebration of India’s 74th Republic Day in New York

Cobble Beach Celebrates 75 Years of Porsche

Wish you all a Happy Lunar New Year

Amway launches Singapore Business Innovation Hub to accelerate health and wellness innovation

Hub launched in partnership with the Economic Development Board to serve as a springboard for product innovation to meet consumers’ evolving wellness needs globally and also uniquely in Asia, backed by science and technology

Amway, an entrepreneur-led health and wellness company, has announced the opening of its Singapore Business Innovation Hub in the Central Business District in partnership with the Singapore Economic Development Board (EDB), signaling its strategic expansion in the region.

Amway has been providing access to its health and wellness brands and empowering individuals through entrepreneurship opportunities in Singapore for over 20 years, and has been present in Asia for nearly 50. The new hub will allow Amway to tap into Singapore’s rich talent base to accelerate and support product innovation for Amway globally – to meet both global and regional consumers’ evolving wellness needs, and act as a springboard for the company’s next stage of strategic growth in Asia.

As part of this expansion, Amway adds approximately 60 new jobs in the areas of Innovation & Science, Digital Technology, Data Science, Communications, Procurement, and Strategy & Corporate Development. These teams will focus on advancing scientific discovery and innovation; partnering with leading institutions to expand understandings of health and the human body, taking an “East meets West” approach to healthy aging and longevity, and leveraging technology to design products that meet people’s personalized wellness needs.

Amway’s Business Innovation Hub represents a significant and exciting investment in Singapore as it is aligned with our strengths as a global technology and innovation hub,” said Cindy Koh, Executive Vice President of the EDB. “We look forward to Amway’s set-up in Singapore to develop solutions for the region and beyond, and create good job opportunities for Singapore and Singaporeans.”

The launch of Amway’s Singapore Business Innovation Hub signals growing demand for tailored health and wellness solutions to cater to Asia’s rapidly evolving demographics and consumer expectations. Latest studies project that by 2025, Asia will be home to 456 million seniors aged 65 or older, representing 10 percent of its population and a 14% growth over 2021[1]. At the same time, recent research points to a tipping point in consumer expectations accelerated by the Covid-19 pandemic – with 80% of consumers indicating interest in health maintenance and lifestyle changes, and almost half of these willing to spend more out of pocket to receive better health outcomes and experiences[2]. The pandemic also increased consumers’ exposure to technology and digital tools, with 90% of consumers say preferring a single touchpoint to manage their healthcare, compared to only 70% two years ago[3].

“The Singapore Business Innovation Hub was created, and strategically placed, to accelerate innovative problem solving, drive our business forward and tap into cross-functional expertise to deliver products that cater to both regional and global consumers’ evolving wellness needs,” said Asha Gupta, Amway’s Regional President, Asia and Chief Strategy & Corporate Development Officer. “Amway is a magnet for entrepreneurs; and teams at the Hub will help our Amway Business Owners (ABOs) advance our global commitment to the growing health and wellness needs of consumers in this exciting region.”

Leveraging the newly launched innovation hub, Amway scientists, technologists, marketers, supply chain and agriculture experts will work alongside leading institutional partners to address consumers’ expectations of deeply personalized health, wellness and technology solutions, driven in part by accelerated digital adoption during the COVID-19 pandemic. The hub will also allow additional capacity building in the areas of digital product design, data science, live ecommerce, supply chain and logistics intelligence, and further support integration with Amway’s direct selling business model – to continue building on the company’s success in helping billions of people around the world achieve their entrepreneurial, health and wellness goals.

Amway’s Nutrilite brand, the world’s top-selling brand of vitamins and dietary supplements, accounted for 53 percent of the company’s overall sales in 2021[4] and continues to gain market share in Asia, reflecting its commitment to health and wellness, and success in the industry. Amway’s growing team in Singapore will be empowered to support innovation globally for Amway, and  leverage on cutting-edge technology and science to develop programs, strategic partnerships, and product solutions that fulfil consumer health and lifestyle goals including immunity, weight management and holistic wellness.

Amway Singapore operations launched in 2002. The company is a member of the Direct Selling Association of Singapore (DSAS), Consumers Association of Singapore (CASE) and the Health Supplements Industry Association of Singapore.

Tags: amwayentrepreneursHealthimmunityjobsnutriliteSingapore
Previous Post

Cancer cases, deaths have increased in India between 2020 and 2022

Next Post

Elon Musk loses world’s richest man’s title to Bernard Arnault

Related Posts

Celebration of India’s 74th Republic Day in New York
Global

Celebration of India’s 74th Republic Day in New York

Cobble Beach Celebrates 75 Years of Porsche
Business

Cobble Beach Celebrates 75 Years of Porsche

Wish you all a Happy Lunar New Year
Global

Wish you all a Happy Lunar New Year

Hot Wheels joins the  2023  #AutoShow
Business

Hot Wheels joins the 2023 #AutoShow

Invivo Air is ready for take-off!
Business

Invivo Air is ready for take-off!

Next Post
Elon Musk loses world’s richest man’s title to Bernard Arnault

Elon Musk loses world's richest man's title to Bernard Arnault

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

This Week At Playhouse Square | On Sale/On Stage

This Week At Playhouse Square | On Sale/On Stage

Kartik Aaryan-Alaya F starrer Freddy will release directly on THIS OTT platform

Kartik Aaryan-Alaya F starrer Freddy will release directly on THIS OTT platform

Official trailer released for Akshay Kumar starrer Prithviraj ahead of June 3rd premiere

Official trailer released for Akshay Kumar starrer Prithviraj ahead of June 3rd premiere

City of Brampton unveils Great Gulf Cricket Pitch at Teramoto Park

City of Brampton unveils Great Gulf Cricket Pitch at Teramoto Park

# # #

Categories

  • Articles
  • Business
  • Canada
  • Entertainment
  • Food
  • Global
  • Health
  • India
  • Lifestyle
  • Sports
  • Travel
  • Uncategorized

Don't miss it

One Minute Saree Launches at India Beach Fashion Week 2023!
Lifestyle

One Minute Saree Launches at India Beach Fashion Week 2023!

Lumière: The Art of Light Shines Bright in Trillium Park
Canada

Lumière: The Art of Light Shines Bright in Trillium Park

Canada’s Wonderland to hire 4,000 associates for 2023 season!
Canada

Canada’s Wonderland to hire 4,000 associates for 2023 season!

Hong Kong Sends its Biggest Welcome to the World!
Travel

Hong Kong Sends its Biggest Welcome to the World!

Yoga & Traditional medicines in international universities!
Health

Yoga & Traditional medicines in international universities!

Netflix to celebrate the ‘King of Romance’
Entertainment

Netflix to celebrate the ‘King of Romance’

Hello Namaste

New City, New Style!
We’re pleased to announce the launch of ‘Hello-Namaste!’ in a brand new format.
This new e-magazine will be available to all our loyal readers in the summer of 2022 as complete our 10-year journey. Come, join us in our exciting, expansion plans and read all the favourite features as we sprinkle more fresh ideas for our funky, futuristic audiences!
Stay tuned and Subscribe Now!

Categories

  • Articles
  • Business
  • Canada
  • Entertainment
  • Food
  • Global
  • Health
  • India
  • Lifestyle
  • Sports
  • Travel
  • Uncategorized

Browse by Tag

#tiff22 artists arts Asia ayurveda bollywood book Canada Canada News cars celebrate children cinema Covid culinary cultural culture dance destination diaspora entertainment festival film film festival food Global Health Hello-Namaste heritage hyderabad india Lifestyle movie music new york ontario summer technology Toronto tourism travel wedding World News yoga youth

Recent News

One Minute Saree Launches at India Beach Fashion Week 2023!

One Minute Saree Launches at India Beach Fashion Week 2023!

Lumière: The Art of Light Shines Bright in Trillium Park

Lumière: The Art of Light Shines Bright in Trillium Park

© 2022 Hello Namaste.

No Result
View All Result
  • Home
  • Articles
  • Business
  • Canada
  • Entertainment
  • Food
  • Global
  • Health
  • India
  • Lifestyle
  • Sports
  • Travel

© 2022 Hello Namaste.