However, one should read this with caution due to the nature of Chinese figures as explained below under “Markets”. 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. WFDSA Global Statistics. World wide sales in billions of US Dollars . WFDSA. This statement is not made on the fact of being a visionary only. 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. Nu Skin sells its products through a global network of sales leaders in Asia, the Americas, Europe, Africa and the Pacific. Direct Selling can be seen as the future of Indian economy. World wide salesforce in millions of people. Fiscal Year Ended Mar. 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%. The global smartphone sale stood at 366 million units in the past quarter. 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. State of Sales Report New research shows how nearly 6,000 sales professionals are selling in a global crisis. 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. The World Federation of Direct Selling Associations (WFDSA) earlier this month released business results for 2018. 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. Retail sales of the global direct selling industry in China from 2013 to 2019 (in million U.S. dollars) [Graph]. Compound annual growth rate for the period from 2015 through 2018 was 1.7%, showing sustained growth over time. For the year ending December 31, 2019, the global direct sales numbers were a whopping USD 180.5 billion! 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. Global sales volume decreased by 4.3% as compared to 2018 and this was happening for the first time in the last four years. 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. Source : WFDSA Report 2015-2018 figures from World Federation of Direct Selling Association www.WFDSA.org. 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). Compared to the global salesforce of 87.7 million, that’s right at 54 percent of the total. 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. In Statista. The company has also paid out more than US$16.7 billion in sales compensation since 1984. Not only that, all regions around the world showed an increase in sales in comparison to 2018. Global smartphone sales declined by 5.7% in the third quarter of 2020 compared to the same period in 2019. With the Asian and Latin American markets showing growth, many direct selling companies are focusing their 2020 strategies on international expansion. WFDSA reports global estimated retail sales of $180.5 billion (Constant U.S. 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 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. 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. 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. It is a way through which independent distributors expand their business and build a network of direct sellers. In 2018, the United Sates and China had tied for the #1 position in sales in the world. MARKETS. Global Direct Selling Report . 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. That is good… but not that good. Please see below graph for previous years. 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. “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. The global industry’s growth rate had been 6.1% in 2014, 7.6% in 2015, and 1.9% in 2016. 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 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. 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. The global force of independent direct selling representatives reached 118.4 million, up 1.6% over 2017. 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). The global sales force is 200 million strong and it is present in over 100 countries. According to WFDSA: Global estimated retail sales for 2018 were a record $192.9 billion, an increase of 1.2% over 2017. Nu Skin has sold over US$10 billion in global sales of its ageLOC products since 2008. Network marketing, on the other hand, is one of the components of direct selling. 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. 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. Indian Direct selling Industry. Another important finding in the WFDSA report was that global direct sales were generated by 118.4 million distributors. According to WFDSA: Global estimated retail sales for 2018 were a record $192.9 billion, an increase of 1.2% over 2017. 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. Posted on 21 July 2020. (July 31, 2020). While that percentage alone is impressive, if looking at the chart, that’s far from the whole story. 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. 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