Amway, a direct selling titan has plans to open a brand new Asian logistics hub in Busan in an effort to establish a product supply chain management system in the rapidly growing Asian region.The Korean division of Amway stated that there would be an open ceremony at the nation's key port city on May 22, and will be attended by Busan government bureaucrats and officials.
The Amway Asia Logistics Hub is Amway America's third distribution center, after its home office in Ada, Michigan and one other in Netherlands. It is projected to process an annual rate of 1 trillion won worth of cargo.
``Through local sourcing of the goods related to the `Amway Technology & Product Global Development Project,' the Amway headquarters plans to continuously pursue business expansion and growth via the Busan logistics hub. Amway Asia Logistics Hub's faithful fulfillment of its role as one of Amway Global's big three logistics centers and expansion of the business will have the effect of continuously contributing to the Korean government's `Buy Korea' policy and will also help promote the Korean industry by creating jobs and bringing various economic benefits to the Busan region.'' said Ken Davis, Amway Global's Vice President of Logistics.
Busan's new logistic center is expected to yield over 50,000 jobs per annum, and additionally, as it plans to acquire raw material locally, it will generate additional economic benefits worth 100 billion won over the next five years.
Amway stated that Busan was chosen due to its geographical position, as the city is situated in an ideal with full access to other Asian countries, which allows products that used to be shipped from Amway's U.S. headquarters to be processed through Busan instead, before being transported to their final destinations.
