The global industry’s growth rate had been 6.1% in 2014, 7.6% in 2015, and 1.9% in 2016. Global sales volume decreased by 4.3% as compared to 2018 and this was happening for the first time in the last four years. Nu Skin sells its products through a global network of sales leaders in Asia, the Americas, Europe, Africa and the Pacific. MARKETS. Dollars) for 2019. What’s more, worldwide retail sales have shown a year on year increase of 1.4%, and the compound annual growth of the direct selling industry as a whole is 1.6%. Founded in 1978 as the leading international, nongovernmental, voluntary organization representing the global direct-selling industry in more than 170 countries, WFDSA has been publishing annual reports to inform its members and the general public about the latest trends shaping the industry. Get the latest State of Sales research, based on a survey of leaders, reps, and ops teams around the world. World wide salesforce in millions of people. he World Federation of Direct Selling Associations (WFDSA) has announced global direct sales of US$192.9 billion for the year ending December 31, 2018. WFDSA. Direct Selling can be seen as the future of Indian economy. Global smartphone sales declined by 5.7% in the third quarter of 2020 compared to the same period in 2019. Retail sales of the global direct selling industry in China from 2013 to 2019 (in million U.S. dollars) [Graph]. State of Sales Report New research shows how nearly 6,000 sales professionals are selling in a global crisis. He said the industry hit sales of RM17.8 billion as of September 2020, surpassing the RM17 billion recorded last year and RM15.9 billion in 2018. The global sales force is 200 million strong and it is present in over 100 countries. The minister said the direct selling industry in Malaysia recorded an encouraging growth to become a large industry that contributed to the country's domestic economy. Please see below graph for previous years. Compared to the global salesforce of 87.7 million, that’s right at 54 percent of the total. In 2018, the United Sates and China had tied for the #1 position in sales in the world. StemSation International, Inc., a pioneer in the emerging category of dietary supplements called Stem Cell Nutrition, announces that it is expanding into Mexico and has just completed the incorporation process for a new wholly-owned subsidiary in Mexico named StemSation Mexico S.A. de C.V. The company has also paid out more than US$16.7 billion in sales compensation since 1984. WFDSA reports global estimated retail sales of $180.5 billion (Constant U.S. In Statista. 31, 2020 Financial Results Fiscal Year Ended Mar. As the above graph shows, the global industry has shown a sustained growth over time, with a three-year compound annual growth rate of 1.7% for the 2015-2018 period. “We saw growth in sales and salesforce in all regions of the world,” said Alessandro Carlucci, WFDSA Chairman and CEO of Brazilian direct selling company Natura Cosméticos. 11/20/2020 Early BIRKENSTOCK Black Friday Deals (2020) Compared by The Consumer Post Roku TV Black Friday Deals (2020): Best Early TCL, Sharp & More Roku TV Sales Collated by Save Bubble The Indian direct selling industry has recorded sales of USD 2.47 billion in 2019, reporting a growth of 12.1 per cent, a report by World Federation of Direct Selling Associations (WFDSA) said. Fiscal Year Ended Mar. Source : WFDSA Report 2015-2018 figures from World Federation of Direct Selling Association www.WFDSA.org. It is a way through which independent distributors expand their business and build a network of direct sellers. The World Federation of Direct Selling Associations (WFDSA) earlier this month released business results for 2018. Network marketing, on the other hand, is one of the components of direct selling. NEW DELHI: The Indian direct selling industry has recorded sales of USD 2.47 billion in 2019, reporting a growth of 12.1 per cent, a report by World Federation of Direct Selling Associations said. According to the WFDSA Global Statistical Report for 2010, the salesforce in the direct selling industry for the Asia/Pacific region stood at about 47.3 million people. The DSA announcement occurred in conjunction with a World Federation of Direct Selling Associations (WFDSA) report on global direct sales trends. This statement is not made on the fact of being a visionary only. He said Malaysia was ranked seventh globally and fourth in Asia-Pacific in terms of sales value in the World Federation of Direct Selling Associations’ (WFDSA) 2019 global direct selling sales report. Another important finding in the WFDSA report was that global direct sales were generated by 118.4 million distributors. WFDSA Global Statistics. 31, 2020 The forward-looking statements, including forecast of financial results, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Posted on 21 July 2020. However, one should read this with caution due to the nature of Chinese figures as explained below under “Markets”. Global retail sales of the direct selling market 2012-2019 Sales share of the direct selling industry worldwide 2019, by product category Top direct selling markets worldwide 2019 According to WFDSA: Global estimated retail sales for 2018 were a record $192.9 billion, an increase of 1.2% over 2017. Not only that, all regions around the world showed an increase in sales in comparison to 2018. The Indian direct selling industry has recorded sales of $2.47 billion in 2019, reporting a growth of 12.1 percent, a report by World Federation of Direct Selling Associations (WFDSA) said. Since the pandemic, 58% of sales reps think their job has changed forever. Global Direct Selling Report . This has helped the direct selling industry improve its ranking to the 15th from the earlier 19th a year before, said The Global Direct Selling - 2019 Retail Sales report by Washington-based WFDSA. Based on WFDSA’s (World Federation of Direct Selling Associations) reports (*), direct selling industry’s sales volume increased by 1.9% in 2016. What drives business resilience and sales growth during a crisis? (July 31, 2020). According to WFDSA: Global estimated retail sales for 2018 were a record $192.9 billion, an increase of 1.2% over 2017. For the year ending December 31, 2019, the global direct sales numbers were a whopping USD 180.5 billion! While growth is almost always a positive thing, this last year’s rate was considerably lower than those achieved in 2014 and 2015 (6.1% and 7.6%, respectively). 17th May 2020: Ministry of Home Affairs- Guidelines on the measures to be taken by Central, State Governments & UTs for containment of COVID-19 in the country up to 31st May 2020 27th April 2020: West Bengal Government- Sale of non-essential items allowed through home delivery mode. The global smartphone sale stood at 366 million units in the past quarter. Indian Direct selling Industry. Overall global mobile phone sales to end users totaled 401 million units, a decline of 8.7% year-over-year, a new report by Gartner states. World wide sales in billions of US Dollars . Last year the global sales force of 118.4 million people generated estimated retail sales of USD 192.9 billion, a new record, the WFDSA said. Compound annual growth rate for the period from 2015 through 2018 was 1.7%, showing sustained growth over time. With the Asian and Latin American markets showing growth, many direct selling companies are focusing their 2020 strategies on international expansion. As the above graph shows, the global industry has shown a sustained growth over time, with a three-year compound annual growth rate of 1.7% for the 2015-2018 period. Last year the global sales force of 118.4 million people generated estimated retail sales of USD 192.9 billion, a new record, the WFDSA said. That is good… but not that good. In 2018, the retail sales of the global direct selling industry in Japan amounted to around 15.6 billion Japanese yen, a slight increase from around 15.3 billion yen in the previous year. Nu Skin has sold over US$10 billion in global sales of its ageLOC products since 2008. WFDSA Report July 20, 2020 by admin1 Indian direct selling industry ranks 15th globally, US tops: WFDSA Report The Indian direct selling industry, is ranked 15th globally, in terms of overall sale in 2019, as per ‘The Global Direct Selling – 2019 Retail Sales’ report by Washington-based World Federation of Direct Selling Associations (WFDSA). The global force of independent direct selling representatives reached 118.4 million, up 1.6% over 2017. The WFDSA (World Federation of Direct Selling Associations) has reported recently that the direct selling industry’s sales volume was $189.6 billion in 2017, representing an increase of 1.6% compared to previous year. While that percentage alone is impressive, if looking at the chart, that’s far from the whole story. Asian and Latin American markets showing growth, many direct selling industry in China from 2013 to 2019 in... 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