Pingintau.id, -The GrowHub Innovations Company (“The GrowHub”) and Business Engineers Asia (Singapore) (“BEA”) signed an agreement today signaling a partnership that will improve efficiency and improve sales for companies doing businesses in Singapore.
Given the highly competitive nature of retail market and high costs associated with product placements, labour, warehousing, and marketing, it can be daunting for companies entering the retail scene. The high risk of failure and huge capital outlay can be prohibitive for small and medium enterprises. The collaboration between The GrowHub and BEA is a game changer for the retail industry. This partnership provides a one-stop wholistic solution for companies entering Singapore retail market at affordable monthly subscription costs.
Companies simply need to send their products to Singapore. The monthly subscription includes warehousing, delivery to retailers, market analysis, as well as both online and offline retail placements at the major retailers in Singapore. In addition, blockchain traceability showcases the products’ farm-to-fork origins, offer verifiable proof of claims, and provide direct marketing and advertising to consumers. Data analysis for sales numbers and demand is also available to these companies. To make it effortless, revenue from sales is directly transferred to clients’ accounts, removing the requirements for accounts collection. The whole process from warehousing, delivery, sales, marketing, data analysis, and revenue collection are covered through the subscription plans.
This one-stop solution enables companies to save thousands of dollars, avoid huge upfront capital outlays and manage risk effectively. “This is certainly going to accelerate the way how overseas SMEs and businesses operate going forward in Singapore,” shared The GrowHub’s CEO, Lester Chan. “In recent months, we have witnessed how our blockchain traceability platform has equipped companies to showcase verifiable proof of claims and the ability to connect directly to end consumers though Web 3.0. We are giving control back to these business owners in the way they operate.
” BEA’s CEO, Kanthiban added, “Market entry has always been ‘traditional’ & a challenge, in every demanding retail space, both online & offline. Getting a foothold, understanding expectations, regulations, purchasing patterns, getting data, etc. can be daunting & at times impossible. With BEA’s expertise in ‘Direct To Market’, catering to business expansion by minimizing risks & costs, finding the right product-market fit & building scalable growth, together with GrowHub’s blockchain traceability platform, we see foreign companies now having distinct advantage & greater success in their business expansion, especially in Singapore & using Singapore as their key thrust in their regional expansion plans.”
The GrowHub and BEA has plans over the next few months to roll out similar subscription plans in Asia Pacific including India, Australia, and Malaysia.
About The GrowHub Innovations Company
The GrowHub Innovations Company (www.thegrowhub.co) is Asia Pacific’s only Web 3-enabled technology plug-and-play ecosystem builder focusing on food traceability and carbon credits. The GrowHub has strong and exclusive relations with the government bodies in Western Australia – Food Innovation Precinct Western Australia (FIPWA) and Kyoto Prefecture. Currently, in eight markets across Asia Pacific, The GrowHub offers access to trusted premium products at affordable rates through the development of new agri-food and blockchain technologies emerging from the GrowHub Innovation Centre at FIPWA. With the capital, network, and expertise, The GrowHub uses technology to improve the experience of “farm-to-fork.” From crunching data to enable producers to improve yields, to leveraging statistics to enable better transportation of produce, to the information on the quality of food you pay for at the table, its blockchain technology allows for full food traceability across the supply chain – so that you can trust in the food you eat. To find out more about GrowHub please visit: https://thegrowhub.co/
Business Engineers Asia is a strategic ‘Lean Market Entry’ specialist in Singapore, supporting foreign organizations in their business expansion by minimizing risks and costs, finding the right product-market fit and building scalable growth. Their ‘Direct To Market’ model has successfully incubated many foreign SMEs into Singapore. With strategic partnership with some of the biggest e-commerce in Singapore like RedMart and NTUC Fairprice Online, BEA is able to guarantee its clients gain market entry in at least one channel at the very start. Now BEA is embarking on supporting market entry into India and Poland, in collaboration with various government stakeholders in the respective countries. More details about BEA at www.https://businessengineers.com.sg/.
This Press Release has also been published on VRITIMES
Contact
Alec Ngo +65 96512141 Alec.ngo@thegrowhub.co