Amway
March 1, 2021
Amway reported 2020 sales of 8.5 billion dollars, up 2 percent from the year before. Nutrition products accounted for more than half of sales after the company put a global emphasis on health and wellness.
The company said it will put more money into nutrition science, innovation, and manufacturing. It described the shift as a way to match a portfolio to changing health and wellness needs.
The result extends a run of annual sales reports from the privately held company, which is based in Ada, Michigan, and sells through independent business owners. Nutrition rising above half of sales is a material mix shift for a business long known for a broad home, beauty, and wellness line.