07.01.22
Ada, MI
www.amway.com
Sales: $3.5 billion
Key Personnel: Milind Pant, CEO; Michael Nelson, chief administrative and supply chain officer; Claire Groen, chief people officer; Asha Gupta, regional president, Asia, and chief strategy and corporate development officer; Anouchah Sanei, chief innovation and science officer; Becky Smith, chief financial officer; John Parker, chief sales officer and regional president West; François Renard, chief marketing officer; Ashish Khan, chief technology and platform officer; Frances Yu, president, Amway China
Major Products: Beauty & Personal Care—Artistry, Artistry Studio, Satinique, G&H, Glister; Home Care—Amway Home and Legacy of Clean
New Products: Artistry Skin Nutrition, Artistry Signature Select Brightening Body Cream, Artistry Signature Select Purifying Body Cleanser, Amway Home Automatic Dish Tablets
Comments: Corporate sales rose 4% to $8.9 billion last year. Nutrilite, a line of vitamins and dietary supplements, accounted for 53% of corporate sales. With that in mind, last year Amway launched Artistry Skin Nutrition. The company maintains the “products work like supplements for skin.”
Billed as clean, traceable and vegan, the formulas promise to purify (cleansers), balance (toners), rebuild, moisturize and protect (eye and face moisturizers). To create Artistry Skin Nutrition, Amway scientists teamed up with University of Michigan researchers. The result, says Amway, can be seen in products like Prevent Complex, which boosts skin’s natural defense system by 350%, helping delay the visible signs of aging. The formula contains Nutrilite-grown acerola cherry, Australian daisy and blackberry extract. Repair Complex is said to restore skin’s youthful looking condition by 600% and reduce skin stressors by 90%. It contains spinach, turmeric and tea olive flower.
“Nutrition is our fastest-growing category and will lead us into our envisioned future. We aim to continue being an entrepreneur-led health and wellness company; and to manufacture in the US, the preferred country of origin for these products across the world,” the company stated in a memo sent to employees in March of last year.
In a note to employees and Amway business owners, CEO Milind Pant credited everything the company accomplished in 2021 to the “dedication, passion and agility of Amway employees and Amway business owners across the world.”
Still, that didn’t save some employees. In March 2021, Amway cut 6% of its workforce, or about 900 jobs. Most of the cuts came at the company’s headquarters.
www.amway.com
Sales: $3.5 billion
Key Personnel: Milind Pant, CEO; Michael Nelson, chief administrative and supply chain officer; Claire Groen, chief people officer; Asha Gupta, regional president, Asia, and chief strategy and corporate development officer; Anouchah Sanei, chief innovation and science officer; Becky Smith, chief financial officer; John Parker, chief sales officer and regional president West; François Renard, chief marketing officer; Ashish Khan, chief technology and platform officer; Frances Yu, president, Amway China
Major Products: Beauty & Personal Care—Artistry, Artistry Studio, Satinique, G&H, Glister; Home Care—Amway Home and Legacy of Clean
New Products: Artistry Skin Nutrition, Artistry Signature Select Brightening Body Cream, Artistry Signature Select Purifying Body Cleanser, Amway Home Automatic Dish Tablets
Comments: Corporate sales rose 4% to $8.9 billion last year. Nutrilite, a line of vitamins and dietary supplements, accounted for 53% of corporate sales. With that in mind, last year Amway launched Artistry Skin Nutrition. The company maintains the “products work like supplements for skin.”
Billed as clean, traceable and vegan, the formulas promise to purify (cleansers), balance (toners), rebuild, moisturize and protect (eye and face moisturizers). To create Artistry Skin Nutrition, Amway scientists teamed up with University of Michigan researchers. The result, says Amway, can be seen in products like Prevent Complex, which boosts skin’s natural defense system by 350%, helping delay the visible signs of aging. The formula contains Nutrilite-grown acerola cherry, Australian daisy and blackberry extract. Repair Complex is said to restore skin’s youthful looking condition by 600% and reduce skin stressors by 90%. It contains spinach, turmeric and tea olive flower.
“Nutrition is our fastest-growing category and will lead us into our envisioned future. We aim to continue being an entrepreneur-led health and wellness company; and to manufacture in the US, the preferred country of origin for these products across the world,” the company stated in a memo sent to employees in March of last year.
In a note to employees and Amway business owners, CEO Milind Pant credited everything the company accomplished in 2021 to the “dedication, passion and agility of Amway employees and Amway business owners across the world.”
Still, that didn’t save some employees. In March 2021, Amway cut 6% of its workforce, or about 900 jobs. Most of the cuts came at the company’s headquarters.