Herbalife reported a 3% rise in sales for its full year, recording $4.9 billion in revenue. The increase was achieved even with sharp declines in China attributable to that country’s regulatory crackdown on multi level marketing companies.
Provo, UT-based MLM NuSkin saw year-over-year revenues fall by 10% as a result of the continued regulatory pressure in China. The COVID-19 disease outbreak is expected to depress results even further in the coming year.
The Natural Products Association credits a grass roots pressure campaign with forestalling the advance of two troublesome Illinois State measures. One affects weight management supplements and the other CBD businesses.
The Natural Products Association has attempted to get out ahead of a potential issue for the industry by asking federal authorities to monitor dietary supplement companies claiming to treat coronavirus infections.