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Wealth Management Institute: SGD 15 Million Investment to Strengthen Philanthropic Capabilities through the Asia Centre for Changemakers


SINGAPORE – Media OutReach Newswire – 16 September 2024 – The Wealth Management Institute (WMI) introduced the Changemaker Impact Endeavour Fellowship “CHIEF” Programme at the opening of the Global-Asia Family Office (GFO) Summit. This innovative fellowship, the first-of-its-kind in Asia, aims to empower funders, social entrepreneurs and nonprofit leaders to become more impactful changemakers.

Ms. Foo Mee Har at the opening of the Global-Asia Family Office (GFO) Summit.
Ms. Foo Mee Har at the opening of the Global-Asia Family Office (GFO) Summit.

As Asia Pacific anticipates a USD 5.8 trillion transfer of wealth by 2030[1]—a phenomenon known as the Great Wealth Transfer—a new generation of younger and more diverse philanthropists is emerging. These changemakers are seeking innovative approaches to tackle complex regional and global challenges. Consequently, strategic philanthropy is expected to grow, underscoring the need for new skills and capabilities for the sector.

Aligned with Singapore’s vision of becoming a leading philanthropy hub, the Asia Centre for Changemakers (ACC) was established at WMI this year with SGD 15 million in funding pledged by Temasek Trust and Philanthropy Asia Alliance to bolster philanthropic capabilities. The launch of the CHIEF programme is the latest addition to ACC’s suite of philanthropy-focused initiatives, aiming to train 1,000 wealth owners, social innovators and philanthropy professionals by 2028.

Ms. Foo Mee Har, CEO of WMI, stated, “ACC is dedicated to redefining philanthropy in Asia by equipping leaders with the skills and strategic insights needed to drive meaningful impact. We aim to build a robust ecosystem of changemakers capable of addressing the region’s most pressing challenges. Our vision is for the CHIEF programme to serve as a catalyst for fostering a lifelong community of like-minded individuals who will collaborate to develop transformative solutions for Asia.”

Through a comprehensive seven-month programme, CHIEF participants will reimagine the purpose of capital, explore the impact landscape, assess the viability and scalability of impact projects, and delve into how various financial models may be suited to different contexts.

The programme is developed in collaboration with the London School of Economics (LSE) Marshall Institute, known for its 100x Impact Accelerator that offers grants and support to a new generation of social unicorns. Stephan Chambers, Director of the Marshall Institute at LSE, remarked, “We are thrilled to partner with WMI in co-designing the innovative CHIEF Programme. By integrating our pedagogy, research, and convening power, we expect to inspire and nurture a new generation of changemakers who will bring forth solutions with greater, more sustainable impact in their communities.”

In addition to LSE’s world-class curriculum, participants will also learn directly from global pioneers such as Jed Emerson, the creator of Total Portfolio Management[2], and Bruno Roche, founder of the Economics of Mutuality[3]. The CHIEF Programme will also include learning journeys to the UK and Asia, offering practical on-ground exposure to transformative social innovations and culminating in a roadmap for the participants’ personal impact ambition.

To foster collaboration and exchange of ideas between wealth owners and social innovators, the ACC will award scholarships to exceptional social innovators in Asia to participate in the CHIEF programme. This initiative aims to bridge diverse perspectives, enabling both wealth owners and social innovators to co-create solutions that address complex challenges. It is part of ACC’s broader commitment to building capabilities in philanthropy.

The ACC is a learning lab for impact capital, equipping impact investors, entrepreneurs, and advisors to purposefully channel their resources and passion for a better tomorrow. Since its launch, the ACC has trained 250 participants through its philanthropy courses, including the Certified Impact Philanthropy Professional (CIPP) programme. This certification, the first of its kind in Asia, has been mapped to industry skillsets and is designed to equip wealth advisors and family office professionals with the expertise needed to confidently strategize, advise, and implement impact initiatives.

For more information about CHIEF, visit https://wmi.edu.sg/asia-centre-for-changemakers/chief-programme/


[1] McKinsey, Asia–Pacific’s family office boom: Opportunity knocks, September 2024

[2] Total Portfolio Management is a framework that seeks to optimise diversified financial returns while maximising impact as appropriate for any given investment asset, including philanthropy.

[3] Economics of Mutuality is an approach demonstrating that when a company invests in its communities, people and environmental ecosystem, the value created is superior, including financial performance.

Hashtag: #wealthmanagementinstitute




The issuer is solely responsible for the content of this announcement.

About WMI

Established in 2003, the Wealth Management Institute (WMI) is committed to building capabilities for investing in a better tomorrow. Founded by GIC and Temasek, our vision is to be Asia’s Centre of Excellence for wealth and asset management education and research. WMI has been appointed as Singapore’s Lead Training Provider for Private Banking by the Institute of Banking and Finance Singapore (IBF) and supported by the Monetary Authority of Singapore (MAS).

WMI provides a comprehensive suite of practice-based certification and diploma programmes and collaborates with leading universities for master’s qualifications. With over 20,000 annual enrolments, WMI provides training in asset management, wealth management, compliance, risk management, family office, as well as the development of the next generation across more than 130 programmes.

WMI helms the Global-Asia Family Office Circle, a network platform that fosters a trusted environment to build capabilities and community in the family office sector.

WMI’s Asia Centre for Changemakers (ACC) is dedicated to building capacity and nurturing a pipeline of active and informed philanthropic changemakers with a focus on Asia. The ACC houses the Impact Philanthropy Partnership, a joint initiative with the Private Banking Industry Group (PBIG) and supported by the Monetary Authority of Singapore (MAS).

For more information, visit

Allianz Asia Pacific’s Agency Force Embarks on Allianz Pinnacle Excellence Program with INSEAD

  • As part Allianz’s Pinnacle Excellence Program, Allianz Asia Pacific has partnered with INSEAD to professionalise and equip its Life and Health agency force to deliver the best solutions and meet the evolving demands of its customers
  • This program underpins Allianz’s commitment to driving sustainable growth through quality recruitment and attracting the right talent to the organisation

SINGAPORE – Media OutReach Newswire – 16 September 2024 – Building on its launch last year, the Allianz Pinnacle Excellence Program continues its transformative journey in collaboration with INSEAD, one of the world’s top business schools. This initiative empowers Allianz’s agency force by delivering a world-class certification program – setting a new industry benchmark for excellence.

Allianz Asia Pacific’s Agency Force Embarks on Allianz Pinnacle Excellence Program with INSEAD

The selection process for the program was highly competitive, with over 200 top-performing agents from seven markets across Asia chosen based on rigorous performance criteria. The cohort comprises a diverse mix of new and seasoned agency leaders and agents, with the program co-designed and tailored to meet the unique needs of each segment within the agency force.

Structured around four core modules – Communications, Customer Psychology, Leadership, and Entrepreneurial Mindset & Strategies, the program ensures participants can directly apply their learnings through Action Learning Projects, which are critical for program completion and professional growth. Graduates are encouraged to share best practices with their teams, compounding the impact of their training.

The six-month program will commence with a two-day, in-person session at the INSEAD Asia Campus in Singapore and conclude with a graduation ceremony at the same location in February 2025.

Mohit Bahoria, Regional Chief Agency, Digital Distribution and Marketing Officer, said, “The Pinnacle Excellence Program exemplifies Allianz’s commitment to equipping our agents with future-ready expertise, preparing them to excel in an evolving insurance landscape. Through this initiative, we are not only strengthening our distribution network but also ensuring that our customers receive best-in-class service.”

James Costantini, Senior Affiliate Professor of Strategy, INSEAD, and Program Director of the Allianz Pinnacle Excellence Program, added, “The program’s learning journey is carefully designed to support top agents reach towards their pinnacle by placing emphasis on integrating academic insights and leading practitioners’ experiences to shape practices through application of learnings. In the first module, we focus on the science of what drives influence and communications’ impact, understanding of how this is critical for agents, and how to bring into practice.”

Hashtag: #Allianz

The issuer is solely responsible for the content of this announcement.

About Allianz in Asia

Asia is one of the core growth regions for Allianz, characterized by a rich diversity of cultures, languages and customs. Allianz has been present in the region since 1910, when it first provided fire and marine insurance in the coastal cities of China. Today, Allianz is active in 15 markets* in the region, offering its core businesses of property and casualty insurance, life, protection, and health solutions, as well as asset management. With its more than 32,000 staff, Allianz serves the needs of over 18 million customers in the region across multiple distribution channels and digital platforms.

*Allianz Asia Pacific Operating Entities only (10): China, India, Indonesia, Laos, Malaysia, Philippines, Singapore, Sri Lanka, Taiwan, Thailand

Including other Allianz Global Lines (15): Above including Brunei, Hong Kong, Pakistan, South Korea, Japan

About Allianz

The Allianz Group is one of the world’s leading insurers and asset managers with around 125 million* private and corporate customers in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 741 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.8 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2023, over 157,000 employees achieved total business volume of 161.7 billion euros and an operating profit of 14.7 billion euros for the group.

* Including non-consolidated entities with Allianz customers.

**As of June 30, 2024.

Asian Safety & Security Online Exhibition 2024 Grand Opening


TAIPEI, TAIWAN – Media OutReach Newswire – 16 September 2024 – The Asian Safety & Security Online Exhibition 2024 (ASSOE 2024) is a hybrid event that integrates virtual and physical elements, targeting Asian suppliers, importers, and exporters. The exhibition will run from September 16, 2024, to December 31, 2024, offering an excellent opportunity for exhibitors to showcase their brands. This transnational trade event, jointly organized by AsianNet and TradeAsia (www.e-tradeasia.com), has been held since 2022, yielding satisfactory results in both quality and quantity. In 2024, we will expand the scale of the event. The four-month extension period will align with the schedules of the NSC Safety Congress & Expo, SECURITY ESSEN, and FISP 2024 International Fair of Safety and Protection, creating collective momentum. This alignment will make it convenient for international buyers to visit and compare options in a single purchasing experience.

Asian Safety & Security Online Exhibition 2024 Grand Opening

TradeAsia, the organizer of ASSOE 2024, has extended invitations to dozens of leading Taiwanese suppliers in the safety and security sector. Esteemed brands including A-BELT-LIN INDUSTRIAL, PAN TAIWAN ENTERPRISE, DORIS INDUSTRIAL, MODERN AUTO, JI JUSTNESS INDUSTRIAL, CLEVER INTELLIGENCE UNITY, ABA LOCKS INTERNATIONAL, PERFECT MEDICAL INDUSTRY, LITEFILM TECH, ET&T TECHNOLOGY, FORMOSA GLOVE INDUSTRIAL, YAU YOUNG AUTO PARTS and HARCO ENTERPRISE are set to exhibit their latest innovations.

Capitalizing on its strong partnerships with industry leaders, ASSOE 2024 will showcase an extensive selection of cutting-edge safety and security products. The exhibition will highlight diverse product categories such as access control system & products, alarm & sensor, CCTV products, auto safety & security products, firefighting & protection, lock & safe, personal protection & self-defense, police & military supply, roadway safety supply, security service, water safety products, workplace safety products, building apparatus, smart electronics, camera & camera accessories. With thousands of the latest products, accessories, and solutions on display, the exhibition promises a rich and highly professional experience for all attendees.

ASSOE 2024 Online Exhibition:
https://www.etradeasia.com/online-show/35/Asian-Safety-Security-Online-Exhibition-2024.html

In response to the continued impact of COVID-19 on international travel, ASSOE 2024 offers a suite of online exhibition solutions designed to bridge gaps and expand market reach. These solutions include dedicated exhibitor pages, electronic catalogs, and virtual exhibition halls, all seamlessly integrated with TradeAsia. This allows international buyers—regardless of geographic distance—to easily explore products and connect with exhibitors in real time. Buyers can visit specific manufacturer pages, leave inquiries, and initiate procurement discussions without the constraints of travel.

Since its founding in 1997, TradeAsia (www.e-tradeasia.com) has been a leading B2B international trade platform, facilitating connections between buyers and sellers across the globe. With millions of global members, over 600,000 suppliers, and a vast catalog of products, TradeAsia has become a key trade promotion channel in Asia. Thousands of professional buyers rely on the platform daily to discover new products and establish business partnerships.

TradeAsia collaborates with hundreds of trading entities worldwide, facilitating marketing and promotional exposure across various platforms. Suppliers featured on TradeAsia benefit from increased visibility through these global partnerships, enhancing their international marketing reach. Additionally, ASSOE 2024 will broadcast promotional messages worldwide, further amplifying your exposure during this period.

Hashtag: #TradeAsia #ASSOE2024

The issuer is solely responsible for the content of this announcement.

Heicoders Academy and First Page Digital Announce New Jointly-Held Performance-Driven Digital Marketing With AI Course


SINGAPORE – Media OutReach Newswire – 16 September 2024 – Heicoders Academy (Heicoders), a renowned leader in tech education, and First Page Digital, Singapore’s top-rated digital marketing agency, today announced the launch of their collaborative “Performance-Driven Digital Marketing With AI” course.

Top Tech Academy Joins Forces With Leading Digital Marketing Agency
Top Tech Academy Joins Forces With Leading Digital Marketing Agency

With advertisers in Singapore spending SG$2.34 billion on digital ad spend in 2023, making up 59.7% of total ad spend nation-wide, the digital marketing industry is more competitive than ever.

This part-time programme is designed to equip individuals with the skills and knowledge needed to excel in the dynamic field of digital marketing, with a particular focus on leveraging the power of AI.

Empowering Individuals with Digital Marketing Skills for the Future

The programme is tailored to be suitable for everyone ranging from beginners with no digital marketing experience to mid-career switchers to working professionals.

It will help lower barriers of entry to those interested in pursuing a career in digital marketing through providing a strong foundational knowledge in consumer behaviour, market trends, and the effective utilisation of online channels and tools. The curriculum has been meticulously vetted and approved by First Page Digital, ensuring its relevance, applicability, and grounding in real-world marketing challenges.

The programme also includes a unique opportunity for graduates: an internship with First Page Digital with opportunities for full time employment conversions, providing invaluable hands-on experience at a leading digital marketing agency in Singapore. Graduates will also be awarded with Heicoders’ Digital Marketing Nanodegree, an industry-recognised certification.

Enabling Digital Marketers to Excel at the Challenges of Today

The “Performance-Driven Digital Marketing With AI” course is subsidised up to 70%, with the remaining course fee eligible for offset through SkillsFuture credits. Participants can also apply for the Heicoders Scholarship for 40% off course fees.

For more information and to register, please visit https://heicodersacademy.com/dm100-performance-driven-digital-marketing-with-ai-course/
Hashtag: #FirstPageDigital








The issuer is solely responsible for the content of this announcement.

About Heicoders Academy

Heicoders Academy is a tech education provider dedicated to making coding and tech certification accessible to all. Their courses, ranging from beginner to advanced levels, are taught by industry professionals, ensuring practical learning experiences. This approach emphasises theoretical understanding as well as the development of practical skills, equipping students with a mindset geared towards effective application in real-world situations.

About First Page Digital
First Page Digital, Singapore’s premier digital marketing and SEO agency, is your catalyst for unprecedented growth in the dynamic online landscape. Driven by data and fuelled by passion, we create tailored strategies that transform brands into digital leaders. Our team’s expertise spans SEO, PPC, social media marketing, content marketing, and web development, harnessing the power of cutting-edge tools to craft compelling digital narratives. With First Page Digital, your brand doesn’t just compete—it conquers. Experience the power of true digital innovation and ride the wave of growth to the industry forefront. Trust First Page Digital: shaping the digital future, one business at a time.

Shrewsbury International School Hong Kong Launches Sector Leading Bilingual Pathway

Hanqing Bilingual Pathway Information Session on 25.09 at 10:00AM


HONG KONG SAR – Media OutReach Newswire – 16 September 2024 – Shrewsbury International School Hong Kong recently announced the opening of a Chinese and English bilingual programme for Early Years students from January 2025, with Year 1 to follow in August.

Hanqing Bilingual Pathway
Hanqing Bilingual Pathway

Offering an ambitious, bespoke and culturally rich programme, the Hanqing Bilingual Pathway (HQP) will expand the linguistic and cultural learning experiences of selected students and support the advanced development of literacy skills in both Chinese and English. Led by an outstanding team of native linguists, it will offer an even balance of daily interaction in both Chinese and English. HQP students will have full access to the facilities on campus and also benefit from specialist Music, Physical Education and Aquatics instruction as well as sector leading school-selection guidance.

HQP Chinese Principal, Sophie Che, travels to Hong Kong from Shanghai, having worked in a number of prestigious bilingual school settings in mainland China. She brings a wealth of experience of bilingual education and educational programme development.

“Underpinned by the academic rigour of the Early Years and Foundation Stage framework and the English National Curriculum, HQP students will develop native or near-native level Chinese and international standard English. Their academic strengths will ensure advantaged placement at all of the leading schools in Hong Kong and beyond.” Sophie Che, HQP Chinese Principal, Shrewsbury International School Hong Kong

Running in tandem with the much admired British International Pathway (BIP), enrolment into the HQP offers particular advantage to those keen to leverage the many nuanced interconnections between Chinese language and culture with 50% of the curriculum delivered in English and 50% in Chinese, to include the undertaking of Chinese Mathematics. Provision forms part of a strategic commitment and will be shaped by a common set of Guiding Statements.

“The imminent launch of a tailored dual language programme speaks directly of an institutionalised commitment to refreshment, renewal and partnership with parents. Under the outstanding leadership of Sophie Che, the HQP will offer a sector leading range of opportunities and experiences. It will draw directly upon the many successes we have already enjoyed here in Hong Kong and the rich history available to us through connection with Shrewsbury School, founded by Royal Charter in 1552.” Ben Keeling, Founding Principal, Shrewsbury International School Hong Kong

To learn more about the advantages of a Shrewsbury education, parents are encouraged to reach out to the admissions team at their earliest convenience via admissions@shrewsbury.edu.hk.

Hanqing Bilingual Pathway Information Session:

Join us to learn more about the many unique benefits of our bespoke bilingual programme.

Children between the ages of 2 and 4 are welcome to join the event for a taster session, whilst parents engage in a Q&A session with HQP Chinese Principal, Sophie Che.

  • 25.09 at 10:00
  • Welcome from Shrewsbury Principal, Ben Keeling
  • SHK Insights, presented by HQP Chinese Principal, Sophie Che
  • Campus Tour
  • Taster Session and Q&A

Parents are welcomed to register at https://bit.ly/3MyAakf
Hashtag: #WeAreShrewsbury #SHKBilingualPathway #TogtherWeFlourish #HQP #HanqingBilingualPathway





Wechat: Shrewsbury_HKG

The issuer is solely responsible for the content of this announcement.

About Shrewsbury International School Hong Kong:

Shrewsbury International School Hong Kong draws directly upon the heritage of one of Britain’s most outstanding independent schools. Founded by Royal Charter in 1552, Shrewsbury School has an exceptional track record for broad study and academic excellence. We share aspiration, ideology and a commitment to the cultivation of confident, articulate and independent learners.

The only premium level provider of primary education in the region, our inspirational learning programme is founded upon the English National Curriculum and is designed to nurture creativity and confidence. Just 20 minutes from Central, we offer an exceptional range of experience to students aged between 3 and 11.

“Childhood experiences have been shown to have a profound impact upon our happiness, success and contentment. The quality of our adult life is often derived from the quality of our formative years and early schooling. Learning at Shrewsbury is centred upon the provision of a unique and aspirational set of experiences and opportunities to young people. Working in partnership with parents, we support the development of social and leadership skills, perseverance and determination.” Ben Keeling, Principal

Shrewsbury International School Hong Kong
10 Shek Kok Road, Tseung Kwan O
Facilities Purpose built facilities include: Auditorium, Aquatics Centre, Sports Hall, Gymnastics Centre, Recital Hall, Football Pitch, Science Laboratory, Art and Design Studios
Student Mix We host a vibrant international community made up of over 30 different nationalities
Large groups include: 15% UK – 15% US/Canada – 12% PRC – 10% Korea/India/Japan
Tuition Fees 2024/25: Nursery 162,200 (107,600 half day) – Reception 174,200 – Primary 201,200
All places must also be supported by a Capital contribution

Website:
Learn more about our strategic intention .
Find out what other people have to say about Shrewsbury .
Admissions Contact:

Salmon Wins Prestigious International Finance Awards


MANILA, PHILIPPINES – Media OutReach Newswire – 16 September 2024 – Salmon, the leading fintech company committed to expanding financial inclusion and innovation in Southeast Asia, proudly announces its recent wins at the prestigious International Finance Awards 2024. Salmon was recognized as the Best New Customer-Centric Fintech Company in the Philippines and the Best New Financial Inclusion Fintech Company in the Philippines.

These awards affirm Salmon’s commitment to delivering accessible, technology-driven financial solutions, designed with top-quality customer service and care. The award highlights Salmon’s innovative use of AI, data-centric solutions, and a relentless focus on expanding financial inclusion in the region.

The Salmon app also exemplifies its focus on setting industry standards for the quality of its customer service. With the small download size, Salmon App stands out for its simple, and intuitive interface and transparency. Customers can apply for loans, manage their credit tools, and seamlessly make transfers and payments. Salmon App offers a guided loan application process and 24/7 customer support. This customer experience contrasts greatly with the lengthy wait times and paperwork typically associated with legacy banks in the Philippines. As a result, Salmon app has an impressive 4.8 rating on the App and Google Play stores.

A standout achievement in Salmon’s push for greater financial inclusion is its proprietary use of technology that leverages thousands of data points and artificial intelligence, enabling effective credit decisions for Filipinos across the board both with and without formal credit histories. Salmon’s financial literacy initiatives have also played a significant role in the success of the Company. Through the “Salmon Pera Serye” the Company provides Filipinos with essential financial education, empowering them to make informed decisions about managing their money. With over 1 million views in just three months from the launch of the series, Salmon’s financial education efforts are already delivering an industry-transforming impact in the Philippines financial services industry.

Salmon’s Co-Founder, Pavel Fedorov, expressed his gratitude for the recognition from the International Finance Awards: “We are deeply honored to receive these prestigious awards. They reflect our dedication to creating financial products that are not only easy to use but also accessible to those who have been historically underserved by the legacy banking institutions. This recognition strengthens our resolve to continue innovating and breaking down barriers in financial access.”

On top of these achievements is the Salmon Time Deposit, offered by Rural Bank of Sta. Rosa (Laguna), which is part of Salmon Group Ltd. “The recent launch of the Salmon Time Deposit by the Rural Bank of Sta. Rosa (Laguna) is another step in bridging the gap between traditional banking and the needs of underserved Filipinos, providing more Filipinos with high-yielding saving opportunities that help secure their financial future. At the heart of everything we do is our mission to make financial services accessible and inclusive, and these recognitions affirm that we are on the right path. We are excited and look forward to delivering more products that continue to empower our communities,” says Raffy Montemayor, Co-Founder and Chairman of Salmon’s Bank.

Hashtag: #Salmon





The issuer is solely responsible for the content of this announcement.

About the Salmon Group Ltd

Salmon Group Ltd, founded in 2022 by fintech and banking veterans Pavel Fedorov, George Chesakov and Raffy Montemayor, owns and operates its subsidiaries in the Philippines, including Sunprime Finance Inc. and the Rural Bank of Sta. Rosa (Laguna), Inc., which was established in 1963. The Group is dedicated to expanding financial inclusion by providing customers with cutting-edge, customer-centric, AI and data-driven banking and financial services. It is on a mission to empower clients underserved by legacy banks across Southeast Asia and is supported by world-class shareholders including International Finance Corporation, the sovereign wealth fund of Abu Dhabi (ADQ) and other blue-chip international and Filipino investors.

AutoStore Introduces New Grid Capabilities, Including the Multi-Temperature Solution


SINGAPORE – Media OutReach Newswire – 16 September 2024 – Today, AutoStore™ introduces new Grid capabilities: the AutoStore™ Multi-Temperature Solution™, an expanded 18-Level Grid, a Motorized Service Vehicle, and enhancements to the cube control software. Building on AutoStore’s foundation of unmatched density, efficiency, and scalability, these innovations will help businesses maintain a competitive edge with their automated fulfillment solutions.

AutoStore™ unveils new Multi-Temperature Solution™ for frozen and chilled food, expanded 18-level grid, motorised service vehicle and software enhancements for a safer work environment and improved operational efficiency
AutoStore™ unveils new Multi-Temperature Solution™ for frozen and chilled food, expanded 18-level grid, motorised service vehicle and software enhancements for a safer work environment and improved operational efficiency

“AutoStore is shifting to a regular cadence of product announcements, focusing on innovation and execution to better serve our customers. This fall, our new products directly address the challenges our customers face, while providing them with new tools to improve operational efficiency”, said Mats Hovland Vikse, CEO of AutoStore.

“We continue to lead in automated fulfillment, innovating technology to tackle complex operational challenges. Today’s announcements will enhance efficiency, reliability, and speed. We’re particularly proud to introduce the Multi-Temperature Solution, which will be a game-changer for grocers and open new use cases for AutoStore”, said Parth Joshi, CPO at AutoStore.

AutoStore’s latest innovations include:

  • Multi-Temperature Solution. The Multi-Temperature Solution allows multiple temperature zones within a single AutoStore cube. It is designed for frozen and chilled environments with a temperature range of -25°C in the frozen section to +6°C in the cooled areas. The picking of frozen products occurs at the Ports in the chilled area to eliminate picking of items within extreme frozen temperatures, thus creating a better working environment for operators. This will allow customers to have a solution that can increase speed and efficiency with their frozen inventory. Two Multi-Temperature Solutions are already underway. The first is fully operational at Haugaland Storhusholdning, a Norwegian food distribution company, installed by StrongPoint. The second is for La Réserve des Saveurs and will be installed by Swisslog. The Multi-Temperature Solution will be available for order from Q1, 2025.
  • Expanded 18-Level Grid. The vertical reach of the AutoStore Grid is extended, increasing its height from 16 to 18 levels with 330 mm Bins, and 24 to 26 levels with 220 mm Bins. This expansion increases storage density by up to 12.5%. Additionally, adding two more levels allows fulfillment centers to reduce Grid floor space by up to 11%, without sacrificing accuracy, flexibility, or modularity. This capability is available for all customers implementing new Grid installations.
  • Motorized Service Vehicle. This safety tool provides an easier way to maneuver on top of the Grid when performing routine maintenance tasks. This ensures even greater system reliability for large customers while prioritizing worker safety. The Motorized Service Vehicle will be available for order from Q1, 2025.
  • Enhancements to our cube control software. With this fall announcement and quarterly updates going forward, AutoStore enhances its cube control software. Super users can now proactively address issues during breaks or off-hours, turning unplanned stops into planned interventions. Additionally, the Unify Analytics™ platform has been improved to provide even more comprehensive system oversight.

“It’s been one quarter since I joined AutoStore, and we’re now moving towards an exciting Product 2.0 strategy. Our goal is to solve more complex problems for our customers through robust technology and a strong feedback loop. With ~70,000 Robots in our fleet and growing, the future is bright. Hear more at our upcoming Capital Markets Day!”, says Parth Joshi.

On September 18, AutoStore will present the company’s strategy and growth agenda at Capital Markets Day in Manchester. Access the webcast here.

For more information about the product announcement, visit autostoresystem.com.
Hashtag: #supplychain #automation #warehouse #autostore #freezer #Multi-Temperature





The issuer is solely responsible for the content of this announcement.

About AutoStore

AutoStore™, founded in 1996, is a technology company that develops order-fulfillment solutions to help businesses achieve efficiency gains within the storage and retrieval of goods. The company offers both hardware and software capabilities and the AutoStore technology is interoperable with other third-party solutions.

AutoStore is global, with ~1,550 Systems in 57 countries. All sales are distributed, designed, installed, and serviced by a network of qualified system integrators referred to as “partners”.

AutoStore was founded in Nedre Vats, on the west coast of Norway. The company has offices in Norway, the U.S., the UK, Germany, France, Spain, Italy, Austria, South Korea, Japan, Australia, and Singapore, as well as assembly facilities in Poland and Thailand.

The Fifth Private Entrepreneur Grand Conference: New Quality Productive Forces Lead Private Enterprises to New Heights

SHENZHEN, CHINA – Media OutReach Newswire – 14 September 2024 – The fifth (2024) Private Entrepreneur Grand Conference (PEGC) convened on Sept 5 and 6 in Shenzhen, Guangdong province. Hosted by leading Chinese educational institution Bosum Institute of Management Science and the Bosum Association, this year’s conference brought together more than 8,000 private entrepreneurs from across China, with its livestream garnering over a million views.

Under the theme “Innovation Drives Development, New Quality Wins the Future”, the conference featured 13 keynote speeches and a roundtable discussion, shedding light on the innovative development paths for private enterprises in the era of new quality productive forces. Cutting-edge topics addressed at the event included enterprise growth strategies, AI application scenarios, enterprises going global, and brand development.

The roundtable discussion on “Innovation and Opportunities for Private Enterprises Under New Quality Productive Forces” saw industry experts and business leaders engaging in in-depth dialogues covering various aspects of new quality productive forces, including the interpretation, practical application, brand upgrading and enterprise growth, unveiling emerging trends and helping private enterprises navigate the contemporary business landscape.

In the opening speech, Zeng Renwei, Co-founder and Dean of Bosum Institute of Management Science, pointed out five key trends worth noting for private enterprises. These include the growing demand for affordable products due to demographic shifts and economic outlook, intensifying competition resulted by insufficient demand, increasing geopolitical influences on exports, industrial revolution driven by AI and emerging technologies, and the adoption of innovative management practices to boost efficiency and lower costs.

“PEGC 2024 aims to help entrepreneurs understand major trends, develop new quality productive forces, and leverage AI to enhance efficiency. These insights will enable them to gain competitive edges through innovations in management, products and marketing, while choosing favorable strategies to go global in the current landscape and finding new forces for bucking the trend,” Zeng said.

The fifth consecutive year cohosting the event, the Bosum Association serves as a comprehensive service platform of exchange, collaboration and mutual support for private entrepreneurs, and remains committed to fostering growth in China’s private sector.

Liu Zhongping, Director of the Bosum Association, noted in his speech that a new round of technological revolution is stimulating the internal driving force and innovative vitality across various business entities. New quality productive forces represent the new frontier of industrial layout for private entrepreneurs, and leveraging these forces to promote high-quality development is crucial for breakthrough growth.

New Paths for Private Enterprise Growth

As the ongoing technological revolution and industrial transformation continue to reshape the global economic landscape, Chinese private enterprises face a profoundly changing external environment. In response, industry experts shared their insights on navigating the new growth cycle at the conference.

In a keynote speech titled “New Quality Productive Forces and Corporate Strategy”, Ning Gaoning, former chairman of Sinochem Holdings, addressed the crucial role of enterprises in developing new quality productive forces and the need to reform traditional management practices.

“Enterprises must readjust their thinking and organizational processes, prioritizing technological innovation and product R&D upgrades, so as to perceive how elements of new quality productive forces affect their own enterprises and create new opportunities,” Ning stated.

According to Chinese macroeconomist Xiang Songzuo, China’s economy faces three fundamental transformations: from high-speed to high-quality, from growth-driven to asset-based, and from industrial to intelligent.

Addressing the new growth cycle, Xiang offered five key suggestions for private entrepreneurs: choosing the right business sector, adhering to long-term strategies, being rooted in “business for good” core values, developing proprietary technology and brand identity, and fostering innovative organizational cultures that promote shared success among employees.

Founder of Skyworth Group, Huang Hongsheng, expressed a similar view: “In the era of globalization, private enterprises should continuously strengthen their organization structure and focus on talent selection and cultivation, attracting those with innovative thinking, professional skills and a strong sense of responsibility. Meanwhile, they should provide ample training opportunities and growth prospects, to enhance the team members’ potential and comprehensive abilities.”

As for how enterprises should reconstruct omni-channel growth in the new business era, business architect Zhang Qi analyzed that the digital economy is reshaping consumption scenarios, creating new accesses for consumer traffic, connection methods, communication models and purchasing channels. While noting these changes, companies should remain focused on the value of their products, which lies in their uniqueness, scarcity, differentiation and economic moat.

Harnessing AI Power

Another key subject discussed at the conference is AI development, reflecting the unprecedented surge in large language models over the past year. This rapid technological advancement has swept through industries, profoundly altering production relations and structures.

In a speech titled “New Quality Productive Forces: AI & Technological Innovation”, Steven S. Hoffman, Chairman and CEO of global startup accelerator Founders Space, envisioned the extensive applications of AI technology in a digital future. “AI is made to serve us, to help us become more productive, more efficient and to help us generate new businesses and new value for our customers,” Hoffman emphasized AI’s accelerated learning capabilities and its role in supporting human society.

Addressing the challenges posed by the advent of AI models, Xiong Hui, Associate Vice-President of the Hong Kong University of Science and Technology (Guangzhou) and Head of the university’s Artificial Intelligence Thrust, focused on the imperative for individuals and enterprises to effectively leverage the tools to enhance competence and efficiency.

“If Chinese companies can put effort into digitization and datafication, they have the potential to establish exceptional vertical AI models. This marks a new era truly driven by innovation,” Xiong said.

Opportunities to Go Global

Qu Tian, founder of venture capital firm ATM Capital, shared insights on opportunities for Chinese companies to go global. He addressed that consumer spending in Latin American countries accounts for over 80% of the total GDP, with per capita annual spending nearing $7,000. With these statistics indicating a robust consumer market, Qu commented that Latin America could be a large and profitable market for companies seeking cross-border expansion.

He also advised that when Chinese companies expand abroad, they must tailor their business models to local markets, led by entrepreneurs who are best equipped to design strategies based on specific market conditions.

“It’s crucial for us to embrace changes, adapt the models to fit the markets, and harness China’s strengths in supply chain, technology and talent resources. Only by doing so, can companies gain a competitive edge to compete with local teams,” Qu says.

Mastering Brand Strategy

In today’s rapidly changing consumer market, brand strategy is crucial for seizing new opportunities. In the past decade, Chinese brands have grappled with three key dilemmas—diluted brand impact despite overwhelming traffic, superficial perception resulted by fragmented content, and expanded reach yet dwindled attention, as was addressed by Jiang Nanchun, Chairman of Focus Media.

“While varied advertisements are able to reach consumers, they often fail to truly touch them or influence consumer behavior. Brand advertising should not only reach but more importantly resonate with consumers,” Jiang stressed.

Gu Junhui, a brand positioning expert, emphasized the importance of lucid brand positioning in capturing consumer mindshare, in order to stand out in fierce market competition.

In the development of cubilose brand Xiaoxiandun, its Chairman and CEO Miao Shu noted the growing consumer preference for quality, well-being, scientific validation and individuality. “Enterprises need to continuously explore the evolving demands of consumers, and innovate their business models, products and services accordingly, to thrive across economic cycles,” Miao said.

Founder and Chairman of LKK Innovation Design Group, Jia Wei, advocated for a user-centric approach to product development, focusing on cognitive, experiential, and technological innovations to meet user demands, win user mindshare and foster sustainable growth.

Mindset Matters

Addressing how entrepreneurs can maintain a positive mindset amid economic volatility, Peng Kaiping, Director of Tsinghua University’s Institute for Global Industry and a pioneer in positive psychology in China, introduced the concept of “negative bias”, namely the tendency for people to pay more attention to negativity.

Peng stressed the importance of tapping into one’s inner positive thinking to enhance personal well-being and contentment: “Positive psychology scientifically explores the positive forces in human nature, such as building positive emotions, cultivating supportive environments, creating meaningful interpersonal relationships, stimulating a sense of purpose in work and enhancing the sense of achievement. With such theoretical guidance, entrepreneurs can spread positive energy and achieve sustainable development.”

As the fifth PEGC successfully drew to a close, its boost on discussions around new quality productive forces and enterprise strategic growth continues to exert influence across industries. This landmark event not only embodies a pivotal milestone in the development of China’s private enterprises but also provides a powerful driving force for the high-quality development of China’s private economy.

Looking ahead, Bosum remains committed to empowering and supporting the development of private enterprises in an era of new quality productive forces, highlighting pathways for them to enhance their competitiveness and seize emerging opportunities.

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Bosum Institute of Management Science:

Bosum Institute of Management Science is a leading educational institution with 18 years of experience specializing in business management training. After 18 years of steady and rapid development, leveraging the successful OMO business model, Bosum looks to expand internationally and reach out to global private entrepreneurs. With a successful record of helping 100,000 entrepreneur alumni across 200+ industries, Bosum has established its international influence through branches in 5 Asian hubs: Japan, Singapore, Malaysia, Indonesia and Vietnam. Collaborating with Sands Group, Bosum continues to fulfill its mission of helping more private entrepreneurs achieve accelerated growth and continuous success.