Amway has announced sales of $8.6 billion USD for the year ending Dec. 31, 2017.
The company achieved sales gain in several key markets, including South Korea, Thailand and India. Total sales in the second half of 2017 grew by 3 percent, compared to same period of the previous year, led by China and the United States. The company forecasts year-over-year sales growth in 2018.
“We have weathered a challenging period for our business in China that, combined with less than favorable exchange rates, have impacted our sales for a few years,”
Amway President Doug DeVos said.
“That downward trajectory has leveled off and now, with our China business rebounding faster than expected, we are forecasting sales growth in 2018.
Several factors further support the company’s 2018 forecast, including steady growth in bellwether markets like South Korea and Thailand, expanding investments in digital platforms and distributor tools, and new product launches that are exceeding expectations.”
The company’s significant investment in digital platforms is considered a key sales driver in 2018 and beyond.
“Technology is evolving at a rapid pace and we are evolving and investing right along with it,”
said Steve Van Andel, Amway’s Chairman of the Board.
“The next-generation entrepreneur wants to run his or her