One-stop solution for companies entering Singapore’s retail market

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.