The multi-level marketing (MLM) sector has undergone considerable transformation in recent years, driven by global shifts in retail, regulatory changes, evolving consumer sentiment, and a rapid adoption of digital technologies, especially accelerated by the COVID-19 pandemic.

The popularity of MLM companies, their market strategies, and their very business models have seen significant fluctuations and strategic repositioning.

Industry Overview and Recent Trends:
Globally, the direct selling and MLM sector has seen sharp contrasts.

In markets such as India, the direct selling industry reported a turnover of approximately $2.6 billion USD in 2022–23, growing at an 8.3% CAGR since 2019–20 and reaching around 8.6 million active direct sellers .

Major companies, including Amway, Herbalife, and Oriflame, now push for clearer regulations to distinguish legitimate direct selling from pyramid schemes, highlighting both growth and a maturing push for industry legitimacy .

In contrast, North America and Western Europe, historically strong MLM markets, are witnessing contractions among several traditional giants; regulatory risk and consumer skepticism regarding recruitment-based structures have sharply increased .

Digital transformation has played a critical role.

Since the start of the pandemic, many companies have pivoted from classic in-person sales models (e.g., "home party plans" or street vending) to omnichannel, app-based, and livestream sales.

This trend is evident in East Asia, where the visibility of student recruiter groups and in-person MLM events plummeted post-2019, having instead embraced e-commerce and digital engagement .

Performance of Major MLM Companies (Recent Years):
- Herbalife experienced a 64% decline in share price year-to-date as of the latest reports.

This profound market contraction reflects both regulatory pressures and shifting consumer interest .

- Nu Skin (Nuskin) saw a 31% drop in share price, USANA Health Sciences fell 49%, and Medifast dropped 45% over similar periods, signifying broad challenges in maintaining previous levels of profitability and market confidence .
- Primerica reported a 13% share price decrease, another indicator of sectoral headwinds, even for diversified financial-oriented MLMs .

Companies Shrinking, Closing, or Shifting Away from MLM Structures:
- Avon, a long-established icon in the direct sales/MLM world, split off its struggling North American business (eventually owned by LG) and sold its remaining global business to Natura in 2020.

Subsequently, Natura lost over 60% of its stock value in one year.

The Avon brand has reduced its dependency on MLM structures, instead favoring direct-to-consumer e-commerce or professional representative sales models, especially post-acquisition .

- Tupperware, historically reliant on in-person "party plan" MLM sales, has pivoted away from recruitment-based selling, entering mass retail through partnerships with large department stores such as Target in the US.

Over the last five years, Tupperware's stock fell by more than 90%, and in 2022 company financial reports warned of possible bankruptcy.

Tupperware’s pivot to mass retail and away from MLM recruitment is a matter of public record .
-

In Hong Kong, Cable Broadband, a telecommunications/direct sales entity, dissolved its entire direct marketing team in 2023, pivoting to digital and telephonic sales and explicitly ending in-person recruitment-based selling .
- Throughout East Asia (including Taiwan and Hong Kong), the recruitment-based direct sales teams have either undergone restructuring or disappeared, as documented in local media and industry commentary.

Much of the market has shifted to e-commerce, social selling, and influencer-driven models, with traditional MLM models considered increasingly "extinct" in these regions .

Summary Table of Notable Company Movements:

Growing/Resilient (recently or regionally):
- Amway (stronger in fast-growing markets like India; facing stagnation/decline in mature markets).

- Herbalife (short-term pandemic-era gains, followed by steep drop-off in financial indicators).

- Oriflame (advocating for regulatory clarity; growth varies by region).

Shrinking/Under Pressure:
- Herbalife, Nu Skin, USANA, Medifast, Primerica (all report sharp share price declines; struggling to maintain recruitment and revenue in key markets).
- Natura (owner of Avon) – major loss of stock value post-acquisition.

Shifting Models:
- Avon (North American business sold; global business restructured for e-commerce and direct-to-consumer rather than classic MLM).

- Tupperware (switching from party/MLM sales to mass retail, facing existential risk).
- Multiple Asian and global direct sales firms (moving toward digital/social selling with minimal or no recruitment requirement).

Closed/Exiting MLM:
- Cable Broadband (Hong Kong), dissolved its direct sales team and exited in-person recruitment-based selling in 2023.

- Numerous traditional direct selling teams in Taiwan, Hong Kong, and neighboring regions, no longer operate as recruitment-based MLMs after 2019–2022 transitions.

Drivers of Decline and Market Evolution:
Regulatory intervention and consumer sentiment are principal causes for contraction and model shifts.

In India, new rules (2021 Consumer Protection (Direct Selling) Rules) formally separate legitimate direct selling from pyramid/money-circulation schemes, driving companies to clarify and often alter their business structures .

In other regions, reputational harm from regulatory scrutiny, lawsuits, and growing skepticism about the legitimacy and sustainability of recruitment-based business models contribute to these shifts .

Digital transformation, catalyzed by COVID-19, dramatically reduced the viability of traditional MLM events like home parties or public recruiting, replacing them with livestreams, social media sales, and influencer marketing .

Companies unable or unwilling to adapt have struggled, closed, or exited key markets .

Conclusion:
The MLM model, once typified by recruitment-heavy, in-person sales, is being redefined—or in some cases rendered obsolete—in response to digital adoption, regulatory scrutiny, and evolving consumer expectations.

Multiple prominent companies have abandoned or dramatically minimized their recruitment models, switched to direct-to-consumer strategies, or, in some cases, approached insolvency or closure.

While some markets like India continue to see growth under direct selling regulations, North America, Western Europe, and much of East Asia report contractions, restructurings, and a notable shift to digital-first, product-based sales without classic MLM recruitment components.

The multi-level marketing (MLM) sector has undergone considerable transformation in recent years, driven by global shifts in retail, regulatory changes, evolving consumer sentiment, and a rapid adoption of digital technologies, especially accelerated by the COVID-19 pandemic.

Title:

Content: Intelligence Market Report

Customer Relationship Management Market Analysis 2021-2027, Size, Share, Segmentation, Trends and Forecasts by Component by Type and Application

Global Customer Relationship Management Market Size study, by Solution (Customer Service, Customer Experience Management and Others), by Deployment (On-Premise and Cloud), by Enterprise Size (Large, Medium and Small), by End Use (BFSI, Retail and Others), and Regional Forecasts 2021-2027

London, UK -- (SBWIRE) -- 01/17/2022 -- Global Customer Relationship Management Market is valued approximately USD 42 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2021-2027. Customer relationship management is a technology for managing businesses or firm's relationships and communications with customers and potential clients. It stores customer and prospect contact information, identify sales opportunities, record service issues, and manage marketing campaigns in a centralized manner. The system helps companies stay connected to customers, streamline processes, identify and categorize leads, offer better customer support, increase referrals from existing customers and improve overall profitability. The rising demand for CRM from various end-use industries such as BFSI, retail etc. because of the aforementioned features are driving the Customer Relationship Management market. The rise in adoption of digital channel for customer engagement after pandemic has helped in propelling the market further. According to UNCTAD, businesses and consumers adopted for digital trade in an accelerated manner, raising e-commerce's share in retail trade from 14% in 2019 to about 17% in 2020 globally. World Bank study reported growth in digital transaction numbers and volumes of 13 percent and 11 percent, respectively in 2020 as compared to previous year. The acceleration in digital retail and BFSI sector will enable the growth of Customer relationship management market since customer retention and personalized services will be the priority of every business after COVID-19. The issue associated with security and privacy of customer's as well as company's private data may act as a restraint for its growth. However, recent developments in cloud-based CRM offerings such as SaaS, PaaS and IaaS acts as an opportunity for Customer Relationship Management Market in subsequent decade.

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The Customer Relationship Management studies abilities take a look at assesses the market fee, volume, manufacturing, elements, opportunities, competition, and current strategic tasks rapid. It contains a demand prediction, an in-depth explanation of assumptions and techniques, just like historic records and projections. The statement examines the market's financial climate needing to decide close by and international market opposition. The assessment emphasizes the corporation's functionality for a rise over the expected market forecast from 2021-2027.

Key Players Covered in Customer Relationship Management market report are:
Salesforce.com, Inc.
Microsoft Corporation
SAP SE
Oracle Corporation
ADOBE INC.
SugarCRM Inc.
Zoho Corporation Pvt. Ltd
Copper CRM, Inc.
Insightly, Inc
Creatio

Market Segmentation
The Customer Relationship Management market is damaged up into schooling: type, software application, and stop-use making market period, climate, growth, and development easy to evaluate. Graphs, charts, and information are adapted to reveal the segmentation. The market assessment furthermore includes product sub-segments, product definition, manufacturing ability, stuff requirements, distribution cycle, and monetary facts, and relies totally on the diffusion of organizational dreams, that include production potential, product sub-segments, product definition, distribution cycle, raw cloth necessities, and financial data.

The Customer Relationship Management enterprise takes a look at consists of a thorough study of the purpose market's software program location. This takes a glance at the market upgrades which have formerly received momentum and are expected to reap this inside the motive. An organization evaluation, definition, product specs, penetration, and adulthood evaluation are all included in the market examination. The market's length and increase fee are also studied for the forecast period 2027-2027.

Customer Relationship Management Market Segmentation:
By Solution:
Customer Service
Customer Experience Management
CRM Analytics
Marketing Automation
Salesforce Automation
Social Media Monitoring
Others

By Deployment:
On-premise
Cloud

By Enterprise Size:
Large Enterprises
Small & Medium Enterprise

By End-Use:
BFSI
Retail
Healthcare
IT & Telecom
Discrete Manufacturing
Government & Education
Others

For More Information or Query, Visit @ https://www.intelligencemarketreport.com/send-an-enquiry/40043

Regional Analysis
The file's Customer Relationship Management area evaluation and interpretation are popping an increasing number of reliant on nearby research. The market income of the critical corporations inside the enterprise are taken into consideration by using secondary and number one property, so, this appearance covers a large form of competencies. The examination examines the area's financial, cultural, social, technical, and political troubles, but as different factors that affect local development. The global and close by the globalization of assorted period exchanges are referred to for the duration of this segmented forecast period 2021-2027.

Regional Analysis Covered in this report:
North America [United States, Canada]
Europe [Germany, France, U.K., Italy, Russia]
Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
Latin America [Mexico, Brazil, Argentina]
Middle East & Africa [Turkey, Saudi Arabia, UAE]

Competitive Outlook
Using secondary and number one belongings, this look analyses the primary abilities of the organisation's important organizations and assesses their market income. The pinnacle-to-backside techniques of huge businesses are tested during this market take a look at them. This portion of the record incorporates touch statistics for vast carriers within the Customer Relationship Management agency. The studies additionally observe market competition as some of the key gamers likewise as a market obligation and channel fundamentals.

Table of Content – Major Key Points
Executive Summary, Market Snapshot, Key Trends, Estimation Methodology, Research Assumption
Global Market Definition and Scope, Currency Conversion Rates
Global Competitor Landscape by Players
Global Market Dynamics, Drivers, Challenges, Opportunities
Global Market Industry Analysis, Porter's 5 Force Model, PEST Analysis, Investment Adoption Model
Global Market Analysis, by Type, by Application, by region
Competitive Intelligence, Top Market Strategies, Company Profiles
Research Process, Attributes & Assumption

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The popularity of MLM companies, their market strategies, and their very business models have seen significant fluctuations and strategic repositioning.

Title:

Content: 'Direct Selling' - Avon, Tupperware - Is Extinct

Nov. 18, 2022 11:25 AM ETHLF, MED, NTCO, NUS, PRI, TUP, USNA3 Comments
Robert FitzPatrick
394 Followers

Summary

  • Direct Selling became obsolete generations ago. So how is it that millions today get recruited for "income opportunity" in "direct selling" and billions are traded on "direct selling" stocks?
  • Avon and Tupperware are cited by "multi-level marketing," or MLM, promoters as "proof" that MLM, e.g., Amway, Herbalife, is "direct selling."
  • Usable data on actual income and churn rates of MLM "direct sellers," market saturation, and retail sales to actual customers are not provided.
  • In fact, Avon and Tupperware for years have been walking dinosaurs, still trying to do "person-to-person" sales to end-users with commodity products, while MLMs hype "unlimited" income.
  • The shrunken and devolved state of Avon and Tupperware today reveals that direct selling is extinct. MLM is not, and never was, direct selling.

It is generally accepted that "direct selling" was killed off generations ago by mass merchandising, big box stores, mail-order and then the internet, among other societal changes. The "Fuller Brush man" is long gone. No one's at home. No one wants or needs or has time for a "personal" salesperson. Everything's in stores or online. And, even when "direct selling" still lived, no one ever went into that tough line of work thinking they would get rich from it.

Yet, each year, millions are recruited, and pay thousands, for the "opportunity" to work as "direct sellers," with promises and expectations of "unlimited" income. The number involved today is many, many times greater than ever worked in that "extinct" field decades ago. Billions are being traded on Wall Street for shares of "direct selling" companies. How can this be?

In my book, Ponzinomics, the Untold Story of Multi-Level Marketing, I document the death of "direct selling" and the 1945 invention of "multi-level marketing," or MLM. I describe how "MLM" falsely assumed direct selling's revered old identity. I trace MLM from its Adam, a little California-based company called "Nutrilite," to today's "industry" led by Amway, Herbalife (HLF) down 64% YTD, Nuskin (NUS) down 31%, USANA Health Sciences (USNA) down 49%, Primerica, Inc. (PRI) down 13%, and Medifast (MED) down 45%. MLM's financial solicitations for consumers to become "direct sellers" have reached into – and led to losses for – virtually every household in America.

In the newly invented "MLM," the main source of revenue shifted from end-user customers to the salespeople themselves who are incentivized to "be their own customer" by buying their own products. Obviously, no one makes money purchasing their own inventory, but MLM offered a unique reason to do so – "unlimited" income potential.

No More Need to Knock on Doors

All MLM "direct sellers" can potentially gain "unlimited" income by recruiting an "endless" chain of other "direct sellers." No need to pound the pavement and get rudely rejected at front doors any more. Each "direct seller" on the chain has to meet a quota to "qualify" for future rewards from their recruits who, in turn, are their "own customers" and recruiters too, ad infinitum. The chain can grow without continuous personal effort. The qualifying quota can usually be met by just making a personal monthly purchase of inventory. "Commissions" on all these transactions, all the way down to the "last ones in," flow up the chain. In the MLM pay plan, most of the total commissions go to the top 1%. So, all new "direct sellers" try mightily to recruit (and buy) their way to those top ranks. Of course, only a tiny few can ever be at the top.

Some people argued this is a pyramid recruiting scheme, inherently unfair and deceptive, and a counterfeit of direct selling. In the design and the pay plan, bottom ranks – the vast majority – will inevitably lose. They said constantly adding salespeople in any area destroys profitable retail selling potential, if any exists to start with. They cited data on 90-99% loss rates and huge churn rates among new "recruits" and asked, where are the retail "customers"?

While offering no data on retail customers or salespeople losses or market saturation, MLM promoters offered "proof" that MLM is direct selling by pointing to two long-established and respected direct selling companies in their ranks, Avon and Tupperware (TUP). Both companies were members of the Direct Selling Association, DSA, and both were "direct selling" icons, Avon for its "ladies" and Tupperware for its "parties." To any pyramid scheme accusations, MLM promoters indignantly countered: "Are you calling Avon and Tupperware pyramid schemes?"

Walking Dinosaurs

The truth for both companies is very different from the MLM-spin. Avon and Tupperware used to have differentiated products and real consumer demand. Their salespeople made money from their own retail sales. But moving into the 21st Century, Avon and Tupperware became walking dinosaurs, vestiges of the extinct era of "direct selling." They were still trying to base their businesses on their historical brands and on person-to-person retail sales to real customers, as direct selling companies always used to do.

Despite MLM's citing Avon and Tupperware, and thereby bestowing legitimacy on the "MLM" members of the Direct Selling Association, deep differences between those icons of the old era and MLM burst into public view in 2013-14. The two companies publicly quit the Direct Selling Association, charging ethics violations and DSA-member connections to pyramid schemes.

Avon's Long Good-Bye

Avon had been a true direct seller for decades before MLM was invented. But as the door-to-door model faded, Avon began a long decline. In 2000, Avon began shifting its focus to "incentivizing" salespeople to recruit more salespeople and getting them to buy inventory, MLM-style. In 2009, during the Great Recession, Avon ran its most expensive ad in history, on television during the Super Bowl. The ad never mentioned any Avon products! It only solicited "salespeople." Still, global revenue dropped continuously over the next 10 years. Avon stock value fell from over $30 to just over $3.

Finally, Avon split off its faltering North American business and sold it to the Korean company, LG Household & Health Care. Avon claimed to have 250,000 sales representatives in North America. The remaining global business was later sold to the Brazilian MLM, Natura (NTCO) down 50% YTD, which also owns the retailer, Body Shop. Though Avon global was much larger, Avon shareholders traded 3 shares of Avon for just one in Natura.

The Korean-owned segment of Avon in North America is now classic MLM, selling the proverbial MLM "income opportunity" along with "health" supplements, make-up, jewelry, clothing, scented candles, even toothpaste.

On the Canadian Avon website, Avon promotes the "income opportunity," urging prospects in large bold black type: "Think big. Sell Avon part-time, full-time, you decide how much! It’s your business, your way!"

A disclosure (legally required in Canada, but not in the USA) appears midway down a long webpage in tiny, barely visible gray lettering: "The 2020 earnings of a typical Avon Leadership Representative was between $0 and $2,620 in commissions and bonuses." That's $0 to $50 a week, before subtracting all costs! And the "disclosure" does not break out how much of that tiny return comes from personal sales or the "downline."

Avon quietly rejoined the Direct Selling Association. The Brazilian company, Natura, which took over Avon's global business in 2020, has lost over 60% of its stock value in the last year.

Tupperware on the Brink

Tupperware was one of the first "party plan" companies, which are technically a small subset of MLM. They employ an "endless" recruiting chain, but are more rooted in retail sales transacted at "parties." Tupperware used to have a popular brand with innovative, differentiated products. But, as true direct selling began to disappear, Tupperware went into decline. It added MLM-type "health and beauty" commodities to bolster recruiting appeal but then deleted them. This year, it began also selling its products in Target department stores. Its kitchen-related goods are generally not distinct from other brands. A 10-months "Income disclosure" for Canada (not published in the USA) showed that half the "party planners" were classified "inactive," earning less than $30 for the period on average. 94% of the "active" ones reportedly received about $12 a week on average, before expenses.

In the last 5 years, the stock value of Tupperware has dropped over 90%. Its latest financials warned investors the company may violate loan agreements, setting off speculation Tupperware might declare bankruptcy.

The shrunken and devolved state of Avon and Tupperware, the most famous brand-icons of "direct selling," makes citing them as a defense of "multi-level marketing" as extinct as their old business model.

This article was written by

394 Followers
Robert L. FitzPatrick is the author of the new book, Ponzinomics, the Untold Story of Multi-Level Marketing (2020),the first comprehensive history and analysis of the "MLM" phenomenon, addressing its political influence, propaganda techniques and use of cult persuasion. FitzPatrick is an expert in examining and revealing deception and fraud in Ponzi schemes, pyramid schemes and bogus home-based businesses. He served as expert or consultant in more than 30 court cases involving pyramid schemes and multi-level marketing. He is co-author of False Profits (1997), an examination of the values and beliefs that support the delusions of pyramid schemes. He was featured on NBC Dateline, ABC World News, and CBS 60 Minutes, the documentary film, Betting on Zero and the podcast, The Dream.He has been quoted in many newspapers around the world, including the New York Times and Wall Street Journal. His booklet, Pyramid Nation, has been translated to Chinese and used by government regulators in writing China's first laws on pyramid schemes. His booklet, "The 10 Big Lies of Multi-Level Marketing", has been translated into four languages and posted on numerous websites. His White Paper, "The Main Street Bubble", which details the extensive influence-buying of the direct selling industry was featured in a CNBC Documentary, Selling the American Dream. In 2005, he delivered a seminar to in Colombo, Sri Lanka to central banking representatives from that country as well as India, Bangladesh, Bhutan, Maldives and Nepal. Robert FitzPatrick has developed informational resources for consumers, journalists, academics and regulators including a multi-media PowerPoint presentation and a statistical analysis of the losses suffered by participants in pyramid selling schemes. He also published a widely read booklet on the landmark federal case brought against the Amway Corporation. He is a expert network member of GLG Research, and Coleman Research Group, as well as other networks of experts who are referred to clients for consultation, speaking and report writing. In this capacity, he has provided expert consultation to financial many analysts who sought information about multi-level marketing companies and pyramid and Ponzi schemes. Robert FitzPatrick co-founded and serves as president of Pyramid Scheme Alert, the first international organization to expose and prevent pyramid scheme fraud. He personally responds to hundreds of consumer and news media inquiries each year. He has served as consultant and expert witness for Attorney General or State Attorney offices in four states, the US Dept. of Justice, and in numerous cases involving distributor fraud and pyramid schemes. Robert FitzPatrick is not an investor in multi-level marketing companies. He has never owned and never plans to own stocks of multi-level marketing companies. He has never been compensated based on any stock's performance. He does not offer investment advice and he is not an attorney.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: This article is for educational purposes only. It discusses fundamentals of the "direct selling" business model and the evolution of "multi-level marketing."

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Industry Overview and Recent Trends:
Globally, the direct selling and MLM sector has seen sharp contrasts.

In markets such as India, the direct selling industry reported a turnover of approximately $2.6 billion USD in 2022–23, growing at an 8.3% CAGR since 2019–20 and reaching around 8.6 million active direct sellers .

Title:

Content:     The Economic Times daily newspaper is available online now.

    Direct selling industry grew 12% in 2022-23, crosses Rs 21,000 crore in turnover: IDSA

    Synopsis

    Indian Direct Selling Association and Kantar's report revealed a 12% industry growth to Rs 21,282 crore turnover. The sector aims to strengthen with government support, distinguishing from fraudulent schemes through regulatory amendments.

    India’s direct selling industry grew over 12% year-on-year in 2022-23, clocking an overall industry turnover of Rs 21,282 crore, an annual survey report released by the Indian Direct Selling Association (IDSA) and compiled by market researcher Kantar said on Wednesday.

    The report noted that the sector grew 8.3% by CAGR in the four-year period between 2019-20 and 2022-23.

    According to the report, wellness and nutraceutical products contributed 73.5%, while cosmetics and personal care accounted for 11.3% of the industry’s overall turnover. The number of active direct sellers touched around 86 lakh from 84 lakh in 2021–22, the survey said.

    Vivek Katoch, chairperson of IDSA, said in a statement: “The direct selling industry is poised to strengthen further in the years to come on the back of a promising regulatory framework by the government.”

    India ranked 11th in the global direct selling ranking in 2022, up from 15th in 2019.

    Direct selling companies sell to consumers through direct-seller members and not through retailers. Amway, Oriflame, Herbalife and other direct selling companies have been pushing for tighter regulation and clarity from the government, to differentiate them from multi-level-marketing ponzi companies.

    Mid last year, the consumer affairs ministry modified the Consumer Protection (Direct Selling) Rules, 2021, through a notification, to distinguish between fraudulent pyramid and money-circulation schemes and legitimate, direct-selling players. IDSA executives have said further clarity is needed in the definition of 'network of sellers'.

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    Stories you might be interested in

Major companies, including Amway, Herbalife, and Oriflame, now push for clearer regulations to distinguish legitimate direct selling from pyramid schemes, highlighting both growth and a maturing push for industry legitimacy .

In contrast, North America and Western Europe, historically strong MLM markets, are witnessing contractions among several traditional giants; regulatory risk and consumer skepticism regarding recruitment-based structures have sharply increased .

Digital transformation has played a critical role.

Title:

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Copyright © 2018 All Rights Reserved.
Copyright (C) 2017, JSC Risk Management Consulting Co., Ltd. All Rights Reserved. Supported by ChemNet ChinaChemNet Toocle Copyright Notice Domestic Enterprise Compliance Survey Report, which analyzes the current compliance issues of Taiwanese enterprises.
The report found that “complex multinational compliance requirements, onerous regulatory change tracking and management, control of compliance risks from third parties, and response to emerging laws and regulations ” pose challenges to compliance management.
It is recommended that enterprises should effectively identify compliance risks to optimize the compliance process, actively establish the resilience of corporate governance, and link the laws and policies of compliance governance, so as to further enable enterprises to have the ability to take advantage of the development of compliance.
Chen Qingxiang, president of the China Corporate Governance Association, said that one of the goals of internal control is to “comply with relevant laws and regulations ” and promote the sound operation of the company through a sound internal control system.
In financial institutions, there is a "compliance" unit, and it has been in place for many years.
It was not until 2016 that the New York branch of a Taiwanese bank was heavily fined US $180 million (about NT $5.7 billion) for violating anti-money laundering laws and regulations, and the compliance system was emphasized again.
In recent years, the Guangming case (antitrust law), the UMC case (trade secret law), the hacking case (Ares security management law), the Facebook personal information disclosure case (personal data protection law), etc., are reminding all industries should pay more attention to risk management and compliance system.
At a time when sustainable development (ESG) is the focus of global attention, it is important to strengthen compliance at all levels of corporate environmental, social and corporate governance through compliance management systems.
This is also the place where the industry trust and the China Corporate Governance Association hope to remind enterprises to pay more attention through the seminar and can continue to help enterprises improve in the future.
Lin Yen-liang, Senior Executive Vice President of CIC Risk Management Consulting Co., Ltd., explained that the so-called "compliance management" is not only the issue of legal compliance, but also includes internal and external norms, standards or obligations such as licenses or licenses, contractual obligations, industry standards and corporate bylaws involved in the business process.
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In addition, emerging corporate governance issues, such as ESG sustainable governance arguments have received attention, enterprises should adjust their steps to meet the expectations of all parties, and in addition, the compliance challenges faced by Taiwanese companies are burdensome, emerging, cross-border regulatory changes, and enterprises should regularly carry out inventories in response to changing laws to ensure that the update of laws does not affect the resilience of their operations.
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According to Li Jiewen, senior vice president of CIRC Risk Management Consulting Co., Ltd., the impact of climate change on human life has brought significant changes to business operations. This trend will affect the re-direction of compliance issues, such as corporate governance and supply chain regulations. In addition, governments around the world have proposed carbon neutral commitments in 2019. Achieving Net Zero by 2050 will bring about the emergence of new compliance issues, and whether companies can flexibly adapt to the changes that follow, only by integrating into ESG sustainable governance to assess new risk scenarios and once again combing internal processes can they meet unknown compliance challenges.
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The inclusion of ESG into the corporate governance category involves the environment and various stakeholders, and involves a wide range of aspects, so the relevant departments of the company (such as human resources) should be mobilized, and external resources (such as professional consultants) should be utilized.
Furthermore, as laws become more stringent about disclosure, companies should set goals, plan for, and properly disclose information.
"The word must be believed and the deed must be done", in order to realize ESG's true prohibition.
Establish the ability to be proactive in compliance with corporate laws and regulations
Dr. Lin Hin-wu, vice president of the Taiwan Economic Research Institute, shared that the main purpose of implementing the legal compliance system for enterprises should be to prevent and detect enterprises and employees from entering the gray area of illegal behavior.
In recent years, governments have increasingly enforced international legal issues such as competition law, personal data (such as GDPR), export controls and anti-corruption in the face of dramatic changes in global markets.
Once domestic companies or employees step into the gray area of violation of these international laws and regulations, they will not only pay high litigation costs, but may also have high fines, prison disasters, and pay the price of corporate image and reputation.
Taiwan ’ s increasingly globalized enterprises need to conduct regular risk assessments of international legal trends, establish and implement compliance systems, so that the company ’ s board of directors, managers and colleagues can have the DNA of international law compliance, avoid stepping into the gray area of violation of laws and regulations, and avoid all possible legal costs.
ESG Finance
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Since the start of the pandemic, many companies have pivoted from classic in-person sales models (e.g., "home party plans" or street vending) to omnichannel, app-based, and livestream sales.

This trend is evident in East Asia, where the visibility of student recruiter groups and in-person MLM events plummeted post-2019, having instead embraced e-commerce and digital engagement .

Performance of Major MLM Companies (Recent Years):
- Herbalife experienced a 64% decline in share price year-to-date as of the latest reports.

This profound market contraction reflects both regulatory pressures and shifting consumer interest .

- Nu Skin (Nuskin) saw a 31% drop in share price, USANA Health Sciences fell 49%, and Medifast dropped 45% over similar periods, signifying broad challenges in maintaining previous levels of profitability and market confidence .
- Primerica reported a 13% share price decrease, another indicator of sectoral headwinds, even for diversified financial-oriented MLMs .

Companies Shrinking, Closing, or Shifting Away from MLM Structures:
- Avon, a long-established icon in the direct sales/MLM world, split off its struggling North American business (eventually owned by LG) and sold its remaining global business to Natura in 2020.

Subsequently, Natura lost over 60% of its stock value in one year.

The Avon brand has reduced its dependency on MLM structures, instead favoring direct-to-consumer e-commerce or professional representative sales models, especially post-acquisition .

- Tupperware, historically reliant on in-person "party plan" MLM sales, has pivoted away from recruitment-based selling, entering mass retail through partnerships with large department stores such as Target in the US.

Over the last five years, Tupperware's stock fell by more than 90%, and in 2022 company financial reports warned of possible bankruptcy.

Tupperware’s pivot to mass retail and away from MLM recruitment is a matter of public record .
-

In Hong Kong, Cable Broadband, a telecommunications/direct sales entity, dissolved its entire direct marketing team in 2023, pivoting to digital and telephonic sales and explicitly ending in-person recruitment-based selling .
- Throughout East Asia (including Taiwan and Hong Kong), the recruitment-based direct sales teams have either undergone restructuring or disappeared, as documented in local media and industry commentary.

Title:

Content: Economy
Wired to disband Direct Selling Team Involved 64 People
[Ming Pao News] A local media report said that Cable Broadband (1097) yesterday dissolved the direct marketing team in the telecommunications business, involving about 60 employees.
In response, the company confirmed that in response to the business transformation, the Group has decided not to adopt the direct sales model in order to achieve greater cost-effectiveness.
Centralized online telemarketing
According to "Hong Kong 01" obtained the company's internal email, Cable Broadband Chief Executive Officer Du Zhike yesterday announced to the department heads that the direct marketing team within the telecommunications business will be dissolved, and that this year will be a challenging year for the media and telecommunications business, and colleagues in the department and the group are moving forward in a new direction.
In response to an inquiry by this newspaper, Wired Broadband said that in view of the current business environment of the telecommunications industry, the changes in consumer spending patterns and technological progress, the Group has decided not to adopt the direct sales model (commonly known as "Street Boom"), and will fully concentrate its telecommunications business sales in the form of online and telephone marketing, so as to achieve higher cost effectiveness.
Transformation and expansion of media platforms in recent years
The company added that the affected direct sales team has 64 employees, and the group will compensate the affected employees in accordance with the labor laws.
To tie in with the new sales model, the Group will increase the manpower of the Telephone Sales and Customer Service Department to enhance the efficiency of the sales telecommunications business and enhance the quality of customer service.
In recent years, the Group has been active in strategic transformation and restructuring, focusing resources and increasing efficiency to expand its business. In addition to its telecommunications business, it will gradually develop a full media platform including TV, App and social media channels, and strengthen content management to cope with market changes and enhance the competitiveness of the company.
According to the data, the number of broadband and telephone customers of the company decreased by 14% and 15% year-on-year to 172,000 and 60,000 respectively as at the end of June last year (see table). Profit before depreciation and amortization of other intangible assets of the telecommunications business fell by 25% to $53 million.
In addition to the dissolution of the direct marketing team of the telecommunications business, Cable Broadband also reformed its television broadcasting business last year.
Related Words: Duke Wired Broadband
Previous / Next News

Much of the market has shifted to e-commerce, social selling, and influencer-driven models, with traditional MLM models considered increasingly "extinct" in these regions .

Summary Table of Notable Company Movements:

Growing/Resilient (recently or regionally):
- Amway (stronger in fast-growing markets like India; facing stagnation/decline in mature markets).

Title:

Content: In a significant legal development, the Supreme Court of India has taken a noteworthy step against Patanjali Ayurveda Ltd., a prominent player in the Indian consumer goods market, for allegedly disseminating misleading advertisements. The issuance of a contempt notice by the apex court highlights the paramount importance of truthfulness and accuracy in advertising, indicating a resolute stance against deceptive marketing practices. The controversy surrounding Patanjali's advertisements has surfaced against the backdrop of India's fiercely competitive consumer market, characterized by companies vying for consumer attention through diverse marketing strategies. Over recent years, Patanjali has risen as a significant contender in the FMCG sector (Fast-Moving Consumer Goods), leveraging its emphasis on Ayurveda and natural ingredients. Nonetheless, concerns have been raised regarding the veracity of some of its promotional assertions.

Contempt Notice

During the hearing of a writ petition brought by the Indian Medical Association (IMA) against Patanjali, the court initially contemplated imposing a blanket ban on all Patanjali's product advertisements. However, considering Patanjali's extensive product range and the potential impact on business interests, the court limited the restrictions to advertisements related to diseases and ailments under the Drugs and Magic Remedies (Objectionable Advertisements) Act 1954, for the time being.

The Supreme Court served a contempt notice to Patanjali and its director Acharya Balkrishna for allegedly violating a commitment made to the court, which prohibited them from releasing any advertisements regarding their drugs and from making statements against any medical system. This decision followed the presentation of evidence by the IMA in court, including a Patanjali advertisement in 'The Hindu' newspaper and a press conference where the company claimed to have completely cured sugar and asthma through yoga. The court found Patanjali in violation of the previous court order, which prohibited the company from disseminating misleading advertisements and making false claims. In its ruling dated November 21, 2023, the Court criticized Patanjali for persisting in publishing deceptive claims and advertisements against modern medical systems and sternly warned of imposing a fine of ₹1 crore if such practices continued.

As of March 2024, Patanjali had issued an unconditional apology to the Supreme Court for airing "misleading" advertisements. This action comes after the court summoned Patanjali's co-founder Baba Ramdev and managing director Acharya Balkrishna to personally appear before it on April 2, 2024, to explain their failure to respond to the contempt notice issued against them and the company regarding deceptive advertisements about medicinal cures. The court on April 2, 2024, disapproved the affidavits provided by Patanjali and gave the company a last opportunity to file a better response to the contempt proceedings within one week.

Implications

The Supreme Court's intervention arises from petitions alleging Patanjali's involvement in misleading advertising, wherein exaggerated claims regarding the efficacy and benefits of its products were purportedly made. Such advertisements not only deceive consumers but also potentially erode public trust in advertising standards and product authenticity. The court's decision to initiate contempt proceedings underscores its commitment to safeguarding consumer rights and fostering fair competition in the marketplace.

Misleading advertisements bear extensive ramifications, impacting not only consumer choices but also public health and safety. Particularly concerning are Patanjali's products, often encompassing healthcare and wellness items, where false or exaggerated claims could lead consumers to rely on products that may not deliver the promised benefits, posing risks to public health, especially regarding medical conditions or wellness treatments.

The legal action against Patanjali mirrors a broader global trend of holding corporations accountable for their marketing practices. Regulatory bodies and judicial authorities worldwide are increasingly scrutinizing advertisements for accuracy and transparency, imposing penalties on companies found guilty of deceptive advertising. In India, the Consumer Protection Act of 2019 empowers consumers to seek redressal against misleading advertisements, emphasizing the importance of ethical advertising practices.

The contempt notice issued to Patanjali serves as a wake-up call for companies to exercise prudence and responsibility in their marketing communications. It emphasises the need of strong regulatory supervision and enforcement tools to prevent misleading advertising practices and protect consumer interests. Furthermore, it sends a clear message to other companies that misleading advertising will not be condoned and may result in severe consequences.

Conclusion

The Supreme Court's intervention reaffirms its role as a guardian of justice and fairness in society. By holding corporations accountable for their actions, including their advertising practices, the court upholds the principles of accountability and transparency in corporate governance. It further reinforces the notion companies have a duty not just to their shareholders, but also to the larger community, which includes customers and society as a whole.

In conclusion, the Supreme Court's issuance of a contempt notice to Patanjali for misleading advertisements underscores the significance of ethical advertising practices and consumer protection. It sends a robust message to companies that deceptive marketing will not be tolerated and may result in serious legal repercussions. This case serves as a reminder of the necessity of candour, openness, and integrity in advertising, which are critical components for establishing trust and credibility in the marketplace.

By adhering to ethical advertising standards, companies can not only avoid legal entanglements but also contribute to a more enlightened and empowered consumer base, fostering a healthier and more competitive market environment. As the legal proceedings unfold, it remains to be seen how Patanjali and other companies will respond to the court's scrutiny, thus shaping the future landscape of advertising regulation and consumer protection in India.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

- Herbalife (short-term pandemic-era gains, followed by steep drop-off in financial indicators).

- Oriflame (advocating for regulatory clarity; growth varies by region).

Shrinking/Under Pressure:
- Herbalife, Nu Skin, USANA, Medifast, Primerica (all report sharp share price declines; struggling to maintain recruitment and revenue in key markets).
- Natura (owner of Avon) – major loss of stock value post-acquisition.

Shifting Models:
- Avon (North American business sold; global business restructured for e-commerce and direct-to-consumer rather than classic MLM).

- Tupperware (switching from party/MLM sales to mass retail, facing existential risk).
- Multiple Asian and global direct sales firms (moving toward digital/social selling with minimal or no recruitment requirement).

Closed/Exiting MLM:
- Cable Broadband (Hong Kong), dissolved its direct sales team and exited in-person recruitment-based selling in 2023.

- Numerous traditional direct selling teams in Taiwan, Hong Kong, and neighboring regions, no longer operate as recruitment-based MLMs after 2019–2022 transitions.

Drivers of Decline and Market Evolution:
Regulatory intervention and consumer sentiment are principal causes for contraction and model shifts.

In India, new rules (2021 Consumer Protection (Direct Selling) Rules) formally separate legitimate direct selling from pyramid/money-circulation schemes, driving companies to clarify and often alter their business structures .

In other regions, reputational harm from regulatory scrutiny, lawsuits, and growing skepticism about the legitimacy and sustainability of recruitment-based business models contribute to these shifts .

Digital transformation, catalyzed by COVID-19, dramatically reduced the viability of traditional MLM events like home parties or public recruiting, replacing them with livestreams, social media sales, and influencer marketing .

Companies unable or unwilling to adapt have struggled, closed, or exited key markets .

Title:

Content: English Edition
| E-Paper
Search
+

    Many FMCG companies take recent online launches offline

    Synopsis

    With ecommerce doubling its contribution over the past two years, several mainstream companies either launched online-only brands or acquired stakes in existing D2C companies.

    Several top consumer goods makers, including Hindustan Unilever, Dabur and Emami, are taking their direct-to-consumer (D2C) brands launched online in the last two years during the pandemic into brick-and-mortar stores after their brands built reasonable heft, and sales from supermarkets recovered.

    With ecommerce doubling its contribution over the past two years, several mainstream companies either launched online-only brands or acquired stakes in existing D2C companies. This helped them compete with nearly 600 online-only brands, especially in the premium segment, as well as learn from their nimbler rivals in the digital space.

    "We will take the equity of Dabur by bringing digital exclusive brands to brick-and-mortar stores. The idea is to connect with younger consumers and then shift them back to traditional trade to build a larger business," chief executive officer Mohit Malhotra told ICICI Securities analysts, adding that consumers are more experimental in ecommerce versus traditional trade.

    "The question is whether new brands will lose their sheen in brick-and-mortar stores against 100-year-old brands. They will struggle in brick and mortar if they offer similar premium versus old brands."

    Dabur has taken its baby-care range, mustard oil, ghee, pickles and apple cider vinegar offline to large chains. For fast-moving consumer goods companies, traditional retailers, including kirana stores, account for 85% of their overall business followed by modern trade at nearly 10%, while ecommerce contributes 5-6% of sales.

    Emami managing director Harsha V Agarwal said the company is extending a few D2C products to large retail chains, and when they have good potential, will be launched in general trade as well. "Ecommerce is a channel where it is easy to test the market, but we will take products which have potential where it's convenient for consumers to buy," he said.

    Several mainstream companies have acquired online-first brands in the past three years. For instance, Palmolive bought a stake in Bombay Shaving Company, Emami purchased a majority stake in The Man Company, while acquired stake in Just Herbs and Beardo and recently acquired a stake in Mother Sparsh. Last year, set up a premium business unit, an incubator to dial up innovation within its product portfolio and compete with new-age brands.

    In January year, HUL managing director Sanjiv Mehta said a significant part of D2C brands' growth is driven by existing shoppers shifting to online channels instead of incremental growth. "You may find some time that certain trends are captured by some company before us and so be it," Mehta said. "Not all the trends would be captured first always by us and we could be second and still be better."

    According to a report by HDFC Securities, the potential impact of D2C on domestic revenue of mainstream companies could be more than 30% for large firms such as HUL, Dabur, Godrej Consumer and Emami, and more than 20% for Nestle, Marico and Colgate.

    Companies remain unperturbed. managing director Sunil D'Souza said a lot of D2C brands start well, grow at triple digits rate and then come offline. "Businesses need to be present on both offline and online channels to play the game. But offline is a difficult game," he said at an ICICI Securities analyst meeting.

    At present, only 5% of the 600 companies in the D2C segment have achieved the ₹100 crore revenue milestone while 20% have revenue between ₹20-90 crore, and the rest of them below ₹20 crore each, which may see consolidation going forward, according to India D2C Summit 2022. Zydus Wellness non-executive chairman Sharvil Patel recently told analysts the market opportunity is expanding with the D2C brands driving good traction.

    "These products can become 20-25% of the market in the long term. Apart from any potential acquisitions, we are also looking to strengthen our capabilities here," he said.

    ( Originally published on Apr 17, 2022 )
    (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

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Conclusion:
The MLM model, once typified by recruitment-heavy, in-person sales, is being redefined—or in some cases rendered obsolete—in response to digital adoption, regulatory scrutiny, and evolving consumer expectations.

Multiple prominent companies have abandoned or dramatically minimized their recruitment models, switched to direct-to-consumer strategies, or, in some cases, approached insolvency or closure.

While some markets like India continue to see growth under direct selling regulations, North America, Western Europe, and much of East Asia report contractions, restructurings, and a notable shift to digital-first, product-based sales without classic MLM recruitment components.

Title:

Content: Rising need for Wealth Management Services is expected to Fuel the Wealth Management Market

Global Wealth Management market size was valued at USD 1641.88 billion in 2021, and it is expected to reach a value of USD 1823.21 billion by 2028, at a CAGR of 7.5% over the forecast period (2022–2028).

Ahmedabad,, INDIA

Westford USA, Jan. 16, 2023 (GLOBE NEWSWIRE) -- SkyQuest's analysis of the Wealth Management market provides valuable insights. The industry is currently in a growth phase, with sales increasing at a rate of 7.5% per year. However, there is potential for further growth, particularly in the premium segment of the market. One of the key drivers is that the global virtualization security market is experiencing significant growth due to technological advancements in wealth management products and services. Furthermore, the growing emphasis of wealth management service providers on hybrid advisory is expected to open up lucrative opportunities for market growth during the forecast period. However, the lack of pricing transparency and high competition in fees for wealth management products and services are likely to stifle market growth.

Another growth is the increased use of advanced technologies such as bots, IoT, AI, and big data analytics has contributed to the growth of the wealth management market. Furthermore, as digitalization increases, wealth management providers are looking to quickly invest in engagement by providing digital and vocal style assistants. Furthermore, chatbots, which are software applications that are used to conduct an online chat conversation, are widely used by wealth management firms because they provide a more personalized and user-friendly experience than mobile applications.

Get a sample copy of this report:

https://skyquestt.com/sample-request/wealth-management-market

SkyQuest recommends players invest in big data analytics capabilities in order to generate insights that can be used to improve and refine service offerings and thus increase revenue

According to SkyQuest analysis, we found that the manufacturers in the global Wealth Management market will benefit from potential opportunities for expansion in the coming years as global demand for Wealth Management services rises. In order to gain revenue benefits, key players in the Wealth Management market are concentrating on expanding and improving their service portfolio by understanding the customer buying behavior and spending towards various wealth management services. Big data solutions are being implemented to provide insights into client segments, product penetration, and the effectiveness of training programs. These innovations are being used to assess existing and potential clients' desire to purchase various services and products offered by a wealth management firm, their lifetime value, investment pattern, and risk tolerance. They also help wealth management firms track business performance, improve client acquisition and retention rates, boost sales, and provide real-time investment advice. For example, CargoMetrics, a Boston-based investment firm, used the Automatic Identification System (AIS) to collect data on commodity movement, such as cargo location and cargo size, in order to develop advanced analytics for stock trading, currencies, as well as equity index funds. This tool was also sold to other hedge funds and wealth managers.

Supporting this, we advise companies to focus on Innovation which is a critical component that will likely drive the market over the forecast period. The increasing use of data technology is changing the business and enabling wealth managers to provide better solutions to their customers. This includes using efficient access to customer wealth management by providing services such as planning, advising on, and managing various kinds of assets, and developing user-friendly online reservation apps.

According to our industry analyst, the global market is moderately fragmented, with a large number of international and domestic players present. Key Wealth Management companies are expected to focus on expansion strategies in order to gain regional market share, raise awareness, and enter developing markets. The growing consumer demand for reliable and consistent solutions is driving the demand for standardized and personalized advice. As a result, market participants are concentrating on providing computer-driven analysis in order to provide standardized advisory services.

Top Trends in Global Wealth Management Market

  1. Wealth managers are increasingly investing in emerging technologies to improve customer experiences, such as Robo-advisors, artificial intelligence (AI), robotic process automation, and digital identification (ID). FinTechs (financial technology) have significantly impacted the wealth management industry. FinTechs are a broad category of new technology that is used to enhance and automate the delivery of financial services.
  2. Investments in cybersecurity and human-centered design are essential for creating a superior digital client experience as wealth management (WM) organizations accelerate their digital transformation efforts (CX). Sustainable investing, another enduring trend, is gaining popularity and producing more complex customer demands. ESG rating and individualized client engagement will depend more and more on data and analytics skills. Competition is growing historically fierce as established financial services firms focus on their wealth management sector and emerging digital players make industry breakthroughs. Client experience is the new front line of conflict.

Browse the summary of the report and Complete Table of Contents (ToC):

https://skyquestt.com/report/wealth-management-market

Targeting Customers from Generations Y and Z

Demographic shifts and global wealth expansion are generating new customer segments. By 2028, an estimated 250 million Generation Y and Z customers (those born between 1981 and 2012) will earn more than $100,000 per year.

From 2021 to 2028, SkyQuest predicts a $90 trillion rise in cash reserves from all investors worldwide, with $40 trillion emerging from individual people with assets between $100,000 and $1 million. The United States and Asia-Pacific will be the driving forces.

Wealth Management Using Artificial Intelligence

Wealth management firms are incorporating artificial intelligence, machine learning, and data advanced analytics and provide hybrid services. Artificial intelligence refers to intelligent machines that operate and react in the same way that humans do. Through its virtual chat interface between the business and its clients, AI assists in providing real-time insights into complex client questions.

Based on a study conducted by SkyQuest Team, 34% of wealth management firms already have implemented AI, and nearly 99% plan to do so within the next three years. Wells Fargo and Bank of America have already implemented AI services to better serve their customers. Wells Fargo has launched an AI-powered application on Facebook Messenger to personally respond to customer inquiries. Morgan Stanley, a wealth management market leader, also has the most extraordinary AI intergenerational advisory infrastructure. Similarly, according to a study from a 2020 survey, 80% of wealth management firms are either deploying client or advisor-facing AI-powered technology. The survey also reveals that by 2024, three-quarters of firms will shift from directing to operationalizing AI.

The full results of SkyQuest's survey of Wealth Management are available in the report consumer preferences for Wealth Management section.

Scaling Up New High-Tech, High-Touch Delivery Models

SkyQuest's analysis of the market reveals that it is flooded with numerous local and regional players. Companies are competing to gain the best service network to lead the market. Wealth managers will need to provide a more comprehensible value proposition for younger clients with less liquid assets than older generations if they want to produce outsized growth in the future. For businesses to expand the ratio of clients per adviser to over 300, it will be necessary to develop a delivery strategy that actively leverages digital tools and channels and saves human encounters for crucial or challenging episodes. The luxury goods sector was rejuvenated by a similar trend of expanding brand appeal and reach.

Greater returns at scale will continue to be driven by these currents. According to a study by SkyQuest, digitally intensive models have around a 35% better return on the scale than conventional models.

Even though the market is crowded, there is still room for expansion. The market is expected to grow in popularity, particularly in North America and Asia-Pacific Region. North America dominated the market in 2021. The region's HNWI population is steadily increasing. These HNWIs are increasingly interested in advanced financial advisory services. Some of the major market players are also based in North America. Another factor boosting regional market growth is the increasing digitalization of the financial sector in several North American countries. Over the forecast period, Asia Pacific is expected to be the fastest-growing regional market.

Speak to Analyst for your custom requirements:

https://skyquestt.com/speak-with-analyst/wealth-management-market

Major Players in Global Wealth Management Market

  • Bank of America Corporation
  • BNP Paribas
  • Charles Schwab & Co., Inc.
  • Citigroup Inc.
  • CREDIT SUISSE GROUP AG
  • Goldman Sachs
  • JPMorgan Chase & Co.
  • Julius Baer Group
  • Morgan Stanley
  • UBS

Related Reports in SkyQuest’s Library:

Global Intelligent App Market

Global Vocational Education And Training Market

Global Medical Practice Software Market

Global Document Analytics Market

Global Artificial Intelligence In Security Market

About Us:

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

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Lionel Messi is widely considered the number one football player in the world due to a combination of extraordinary skill, historic achievements, and a unique influence on the sport.

Throughout his career, Messi has shown remarkable dedication, overcoming early health challenges to become football’s most decorated player with 44 major trophies—more than anyone in history.

These include 10 Spanish La Liga titles, four UEFA Champions League crowns, four domestic and international cups, and the highest honors with Argentina: the Copa America and the 2022 FIFA World Cup.

He has also won an unprecedented eight Ballon d’Or awards for best player in the world and holds records for most goals in Barcelona’s history (672) and with the Argentina national team .

Messi’s playing style is defined by his exceptional dribbling, close ball control, quick changes of direction, and unrivaled vision and passing skills.

His ability to score and assist is unmatched, evidenced by setting records for most goals in a calendar year (91 in 2012) and for most assists in major competitions.

He is not just prolific in scoring but transforms teams: he turned Inter Miami from a struggling club to cup champions in his debut season.

When compared to other legends like Cristiano Ronaldo, Pelé, and Maradona, Messi stands out for his consistency, humility, and impact across club and international football, consistently delivering historic performances against top competition.

His journey from a small boy facing adversity to world champion has inspired millions to pursue their dreams with passion and confidence, making him an ideal example for young players who aspire to succeed through hard work and joy for the sport.

Lionel Messi is widely considered the number one football player in the world due to a combination of extraordinary skill, historic achievements, and a unique influence on the sport.

Title:

Content: What Was Lionel Messi Known For?

News

What Was Lionel Messi Known For?

Lionel Messi, the Argentine football superstar, is widely regarded as one of the greatest players in the history of the sport. Known for his exceptional skills, agility, and goal-scoring ability, Messi has left an indelible mark on the world of football. From his early days at FC Barcelona to his international success with the Argentine national team, Messi’s career has been nothing short of extraordinary.

Early Career and Rise to Prominence
Born on June 24, 1987, in Rosario, Argentina, Messi showed immense talent from a young age. He joined the Barcelona youth academy, La Masia, at the age of 13, where he honed his skills and developed his unique playing style. Messi made his first-team debut for Barcelona in 2004, at the age of 17, and quickly became a key player for the club.

Playing Style and Skills
Messi is known for his exceptional dribbling ability, close ball control, and lightning-fast speed. His low center of gravity allows him to change direction quickly, leaving defenders in his wake. His vision and passing accuracy are also remarkable, enabling him to create scoring opportunities for his teammates. However, it is his goal-scoring prowess that truly sets him apart. Messi has an incredible ability to find the back of the net, often with stunning precision and creativity.

Records and Achievements
Throughout his career, Messi has shattered numerous records and achieved countless milestones. He has won numerous individual awards, including the prestigious FIFA Ballon d’Or, which he has claimed a record-breaking seven times. Messi has also led Barcelona to numerous domestic and international titles, including ten La Liga titles and four UEFA Champions League titles.

FAQ

Q: What is Messi’s playing position?
A: Messi primarily plays as a forward or attacking midfielder, but his versatility allows him to excel in various positions on the field.

Q: Has Messi ever won the FIFA World Cup?
A: Despite his immense success at the club level, Messi has yet to win the FIFA World Cup with the Argentine national team. However, he has led Argentina to the finals in 2014 and has won several other international tournaments, including the Copa America.

Q: How many goals has Messi scored in his career?
A: As of 2021, Messi has scored over 700 goals in official matches for both club and country.

In conclusion, Lionel Messi is known for his exceptional skills, agility, and goal-scoring ability. His playing style, records, and achievements have solidified his status as one of the greatest footballers of all time. Whether it is his mesmerizing dribbles or his ability to find the back of the net, Messi’s impact on the sport will be remembered for generations to come.

Throughout his career, Messi has shown remarkable dedication, overcoming early health challenges to become football’s most decorated player with 44 major trophies—more than anyone in history.

Title:

Content: List of all 44 major trophies won by Lionel Messi since 2004

Lionel Messi

Mon, 21 Aug 2023 Source: www.ghanaweb.com

Lionel Messi won his latest career trophy when he captained Inter Miami to cup glory over the weekend.

Messi officially has 44 titles in close to two decades, making him the most decorated footballer in history. His first trophy was back in 2004.

The Leagues Cup was his first trophy on American soil and comes just over a month since his arrival in South Florida.

Last year, the Argentine captain got his hands on the World Cup after several tries as his side defeated France in a tense final.

List of trophies Messi has won since 2004

a. 10 La Liga titles

b. Seven Copa Del Reys

c. Eight Spanish Super Cups

d. Three FIFA Club World Cups

e. Three UEFA Super Cups

f. The FIFA World Cup

g. The Finalissima

h. The Copa America

i. Olympic Gold

j. U20 World Cup

k. Two Ligue 1 titles and

l. One Trophée de Champions.

m. our Champions League wins

Goal.com report on Inter Miami final triumph

Inter Miami have added the first piece of silverware to their trophy cabinet. Just a few short weeks ago, that seemed almost unfathomable. The worst team in MLS taking down every opponent in their path on their way to a trophy? Come on!

A few short weeks ago, though, they didn't have Lionel Messi. They sure do now.

Messi was, unsurprisingly, the star of the show once again as Miami took down Nashville SC at Geodis Park, scoring a stunning goal to kickstart a match that finished 1-1 through 90 minutes. The goal was quintessential Messi: minimal space, a curling shot and no chance for the opposing goalkeeper.

A scrappy goal kept Nashville in the contest, but, even as the match went to penalties, there was no stopping Messi and co. It was a historically good shootout, too, as all 22 players took turns from the spot. Messi, of course, scored his as Miami's first taker, but it wasn't until Nashville SC goalkeeper Elliot Panicco saw his shot saved by Drake Callendar that Miami could celebrate their trophy.

Messi was once again the key to it all. There were few signature moments in the match, and Callendar will certainly go down as the hero, but Messi has done it again. New team, same result: trophy in hand.

SARA
Source: www.ghanaweb.com

These include 10 Spanish La Liga titles, four UEFA Champions League crowns, four domestic and international cups, and the highest honors with Argentina: the Copa America and the 2022 FIFA World Cup.

Title:

Content: Barcelona (dpa)
The official website of the Spanish football club Barcelona reviewed the achievements of Argentine magician Lionel Messi, and his records during his busy career with the team
The club announced the collapse of contract renewal talks with the player due to "financial and structural obstacles".
Barcelona wrote that the legend Messi holds all the major records in the history of FC Barcelona, having the most games with the team, scoring the most goals, winning the most victories and, most of all, winning the most titles in the club ’ s 121-year history.
Messi has not only broken records in the club ’ s history, he has also not broken local records, but he has a huge number of world and European records.
Barcelona stressed in his website that Messi is not an ordinary footballer, but he is the best in the history of the round witch ever, which was proved by many facts, which the club talked about at length.
Barcelona revealed that Messi is the most crowned "Ballon d'Or", awarded to the best player in the world, after receiving it six times in 2009 and 2010.
2011, 2012, 2015 and 2019
Messi is the only player in history, who collected during one season between the Golden Ball awards, awarded annually by the French magazine « France Football » to the best player in the world, and the best player in the world, provided by the International Federation of Football « FIFA » annually, and the scorer of the season in the Spanish league, and the golden shoes as the best scorers of the season in European leagues, in the 2009-2010 season.
Messi was the youngest player to win three gold balls, aged 24 years, 6 months and 17 days when he won the award for the third time in his career on 9 January 2012.
Messi holds the record as the most Golden Boot winner, having won it six times, and another record is for scoring the most goals in various official competitions during one season.
When he scored 73 goals in all competitions in the 2011-12 season, 50 goals in La Liga, 14 goals in the Champions League, 3 goals in the King's Cup, 1 in the Spanish Super, 1 in the European Super, and 2 in the Club World Cup.
According to the Barcelona website, Messi scored the most goals during the year, when he scored 91 official goals in 2012, and scored the highest number of international goals in the same year with 25 goals, 13 goals in the Champions League with Barcelona, and 12 goals with Argentina, to share the record with the late English striker Vivian Woodward, who scored the same number of international goals in 1909.
Messi achieved a record that remained steadfast for many years, after becoming the most scoring player with one team in various international and domestic championships, after reaching 672 goals with Barcelona in all competitions, surpassing the record held by the Brazilian legend Pele, who scored 643 goals with his Brazilian team Santos between 1956 and 1974.
Messi also set a second record, having the longest scoring streak in La Liga, after scoring 33 goals in 21 consecutive games in the competition, from stage 11 to stage 34 in the 2012-13 season.
Messi scored the most goals in a single season in a European league, after scoring 50 goals for Barcelona in La Liga.
From 2011 to 2012, Messi scored the biggest number of competitors in the Champions League, after scoring in 36 different opponents, surpassing his arch-rival Cristiano Ronaldo, the star of Real Madrid, former English Manchester United and the current Italian Juventus, who scored in 35 different competitions.
Messi is the most crowned player with domestic and international titles with a La Liga team, having won 35 titles with Barcelona, three times ahead of his closest former Barcelona teammate Andreas Iniesta.
Messi has won 10 La Liga titles, 8 Spanish Super Cups, 7 Copa del Rey titles, 4 Champions League titles, 3 Club World Cups and 3 European Super Cups.
Messi won the most number of Spanish league goalscorer awards, after winning them in
Eight seasons, the last of which was last season, also tops the list of historical goals of the tournament, having scored 474 goals in 520 games played in the competition with Barcelona.
Messi is the holder of the highest number of goals scored by a player in the Spanish league in various official competitions, with 672 goals, and is also the most scoring player in the Spanish league in international tournaments with 128 goals, 120 goals in the Champions League, 3 goals in the European Super League, and 5 goals in the Club World Cup.
Messi holds another record in La Liga, where he is the most winning player in the tournament, having achieved 383 victories, while he played the largest number of games of the competition with Barcelona, with 778 games, 11 games ahead of his closest pursuers retired teammate Xavi Hernandez.
Of course, Messi tops the list of Barcelona scorers in the Champions League, with a balance
120 goals, surpassing by an overwhelming margin his closest pursuers, retired Brazilian star Rivaldo and Uruguayan striker Luis Suarez, current Atletico Madrid player, who scored 25 goals in the continental championship.

He has also won an unprecedented eight Ballon d’Or awards for best player in the world and holds records for most goals in Barcelona’s history (672) and with the Argentina national team .

Messi’s playing style is defined by his exceptional dribbling, close ball control, quick changes of direction, and unrivaled vision and passing skills.

His ability to score and assist is unmatched, evidenced by setting records for most goals in a calendar year (91 in 2012) and for most assists in major competitions.

Title:

Content: Lionel Messi, Argentina

The number one player on this list is obvious: the world’s biggest star, the game’s best talent for over 15 years now, and top three among the all-time greats. Messi’s dazzling skill for Barcelona and Paris Saint-Germain has earned four Champions Leagues, 11 domestic league titles across Spain and France, and a record seven Ballon D’Or trophies — soccer’s most famous player of the year award.

Last year, he finally lifted silverware with Argentina, delivering the country’s record-tying 15th Copa América. It was the nation’s first continental crown since 1993, and Messi was runner-up in 2007, 2015 and 2016. The last two came after a runner-up finish at the 2014 World Cup.

At age 35, Messi doesn’t have the speed he used to, but he has as much skill and guile as ever. And he has a stacked squad of Argentina teammates that complement him and bring their own firepower: Lautaro Martínez (Inter Milan), Ángel Di María (Juventus), Rodrigo De Paul (Atlético Madrid), and a crown-jewel young prospect in Julián Álvarez (Manchester City).

They’re fired up, they’re hungry, and they’re on a 35-game winning streak dating back to 2019. If Argentina win it all, the triumph will be celebrated across the globe, and Messi will be enshrined above Pelé and Diego Maradona as the greatest of all time.

» READ MORE: Lionel Messi's Argentina beat Andre Blake's Jamaica in a World Cup warmup game

Cristiano Ronaldo, Portugal

He’s Messi’s longtime foil, among fans worldwide and for years in Spain. When Ronaldo was at Real Madrid and Messi was at Barcelona, the world stopped for two hours.

The debate was also fueled by their national team feats. Ronaldo has five European Cups to Messi’s four, and for five years he had the national team trophy that Messi didn’t: the 2016 European Championship.

As with any great sports rivalry, fans of one of the players often disdain the other. But Ronaldo, it must be said, is rather more disdainable. Yes, he’s got an outrageous career goals total, with 701 club goals in 949 games and 117 national team goals in 191 caps. And he’s got a body that seems to have been sculpted by the Greek gods, not just the soccer gods.

He’s also got an ego to match, and it rubs a lot of people the wrong way. He isn’t afraid to throw a public tantrum, as he did just a few days ago about his lack of playing time at Manchester United. And he stood accused for over a decade of committing a rape in 2009 in Las Vegas. A lawsuit about it was dismissed this past June.

Ronaldo is 37 now. This will be his last World Cup. Will he go out with a swan song, or with another combustion?

» READ MORE: Cristiano Ronaldo played against the Union with Real Madrid in 2011

Kylian Mbappé, France

France’s 2018 World Cup title launched a then-19-year-old Mbappé to superstardom. He’s still there, as the flagship player for his country and its biggest club, Paris Saint-Germain. In fact, he’s such a big deal that French president Emmanuel Macron reportedly asked Mbappé to turn down a move to Real Madrid this summer.

We’ll never know if it truly helped, because PSG -- which is owned by Qatari royals -- had the money to keep Mbappé. The club also gave Mbappé a lot of power off the field, and he has used it to build his business interests.

Now comes a new challenge: lifting his country to a second straight World Cup. There hasn’t been a repeat men’s champion since Pelé's Brazil in 1958 and 1962. France has the talent to do it, but also has locker-room friction that Mbappé has been part of. And history brings an omen: Les Bleus crashed out in 2002 after winning it all in 1998.

Sadio Mané, Senegal

Only three African teams in men’s World Cup history have reached the quarterfinals: Cameroon in 1990, Senegal in 2002, and Ghana in 2010. This year’s Senegal squad has the talent to match them, and potentially go a step farther.

Nine months after winning the Africa Cup of Nations, the Lions of Teranga arrive in Qatar full of talent and optimism. Chelsea goalkeeper Édouard Mendy and centerback Kalidou Koulibaly are defensive rocks, while Bayern Munich’s Mané leads the attack.

Mané suffered a right fibula injury playing for Bayern on Nov. 8. He was named to the World Cup team, but he’s racing the clock to be fit. Whether he makes it is one of the tournament’s biggest on-field questions this week.

Bukayo Saka, England

England has its best chance in decades to win its first World Cup since 1966, and Saka is a big reason why. The 21-year-old from London is an electric winger for the Three Lions and Arsenal, and has one of both teams’ most engaging personalities.

Gavi, Spain

Just 18 years old, the Barcelona midfielder has jumped up the line of the world’s top young prospects. This year, he won two of Europe’s top awards for players under age 21: France Football’s Kopa Trophy (the same publication runs the Ballon D’Or), and the Golden Boy trophy organized by newspapers across the continent.

Gavi is already a regular player for his club and has 12 senior Spain caps. This World Cup could be his global breakout.

Jamal Musiala, Germany

Another of this World Cup’s big-time youngsters will face Gavi in the group stage. Musiala, 19, has rocketed to prominence with Bayern Munich and Germany this year. In just the half-season so far with Bayern, he has 12 goals and 10 assists in 22 games.

Not much is expected in Qatar of a German squad whose mix of ages isn’t quite right. But if Musiala takes off, he could take Die Mannschaft on a big run.

Kevin De Bruyne, Belgium

If you watch the English Premier League, you know that De Bruyne is the midfield maestro for powerhouse Manchester City. There are few more technically-gifted players on the planet, especially in his part of the field.

Four years ago, he helped the Red Devils to fourth place, the nation’s best World Cup finish. This year’s team has lots of talent, but De Bruyne is one of 11 players among the squad of 26 who’s age 30 or older. That’s a warning sign that a repeat run might not happen.

Vinícius Jr.

We’ve saved the best national team for last, or at least the world’s most famous one. No team has more World Cups than Brazil’s five, and the Seleçao are a big betting favorite to make it six this year. They have immense talent at every position, from defense up to the front line.

If you were expecting to see Neymar’s name here, that’s understandable. He’s Brazil’s biggest star of all, But Vinícius is a player you want to know about. He’s been ticketed for stardom since his childhood days in Rio de Janeiro, and he has lived up to the hype at Real Madrid.

Now age 22, he has 10 goals and 5 assists in 22 games this season, after scoring the winner in last season’s Champions League final. Many of his plays have gone straight onto highlight reels, accompanied by great dancing celebrations.

He is not just prolific in scoring but transforms teams: he turned Inter Miami from a struggling club to cup champions in his debut season.

Title:

Content: Lionel Messi, the incredible world record that he has just equaled

Lionel Messi.

Lionel Messi.

He won the Leagues Cup with Inter Miami.

Thanks to the League Cup that he achieved this Saturday with the Inter Miami, Lionel Messi won his 44th title and equaled Daniel Alves as the footballer with the most trophies in history.

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The Argentine genius only had his former Brazilian teammate at Barcelona ahead of him in this classification, who is now being judged in Spain for sexual assault.
(Lionel Messi: the great goal that led Inter Miami to the tiebreaker in the Leagues Cup)(Video: Lionel Messi, great detail with the former Inter Miami captain, how great!)

what you have won

But in less than a month at Inter Miami, Messi has radically transformed the dynamics of a losing team (bottom side in the MLS Eastern Conference with eleven games in a row without winning) and has led him to a miraculous career that culminated this Saturday with the victory in the Leagues Cup against Nashville (1-1, 9-10 on penalties).

There is some conflicting information about how many titles Alves actually has and some statistics consider him to have won 43.

However, the FIFAin a 2021 post on X (the old social network known as Twitter), recognized 44 titles in the right-back’s career.

Messi’s impressive track record includes the Qatar 2022 World Cup and the 2021 Copa América with Argentina, as well as four Champions League with Barcelona.
(Gerard Piqué, proud: Clara Chía, the ‘Sexy Symbol’ of fashion in Spain)

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When compared to other legends like Cristiano Ronaldo, Pelé, and Maradona, Messi stands out for his consistency, humility, and impact across club and international football, consistently delivering historic performances against top competition.

Title:

Content: Some are hard to break.
Messi ’ s best records on his 37th birthday
2024-06-24 | 06: 20
Alsumaria News – Sport
Lionel Messi ’ s record has reached a staggering 37, with more to be added during his current appearance at the 2024 Copa América in the United States.
This coincides with the celebration of the Argentine football legend's 37th year on Monday, June 24, 2024.
In Argentina's first match against Canada (2 – 0), Messi became the most played player in the history of the tournament (35 games).
He aspires to become the tournament ’ s historic scorer, surpassing compatriot Tocho Mendez and Brazilian Zizinho (17 goals), who has so far scored 13 goals.
Lionel Messi ’ s record was set by the Argentinian flea at the start of his professional football career in Barcelona in 2004, which lasted until 2021, where he won all the individual and collective awards, most notably the historical hexagon in 2009 and the second historical treble in 2015.
He then moved to Paris Saint-Germain due to economic problems in Barcelona, and played in France until 2023, and after winning the World Cup in Qatar 2022, he decided to end his career in the ranks of Inter Miami.
* Lionel Messi 's most notable records:
Official Titles:
He holds the highest number of official titles in history (44).
Golden Ball: The most awarded Golden Ball (8).
The Golden Shoe: The Most Winning Golden Shoe (6)
Goals in a calendar year: He entered the Guinness Book of World Records with 91 goals in 2012.
International matches:
The player with the most matches with the Albesiliste (183).
International Goals:
Most goals scored with Argentina (108).
Argentina World Cup goalscorer: 13 goals.
Registration for four World Cups: 2006, 2014, 2018, and 2022.
Argentina's youngest goalscorer at the World Cup: 18 years, 357 days.
South America's top scorer for the World Cup:
31 goals.
Number of World Cups: 5.
Number of matches in the World Cup: 26.
Most minutes in the World Cup: 2,314 minutes.
Number of times as captain in the World Cup: 19 games.
Crucial goals and passes at the World Cup: 13 goals and 8 passes (most)
World Cup Ballon d'Or: Won twice (2014 and 2022).
Player of the Match Award in the World Cup: 14 times.
Registration in different stages of the World Cup in the same version.
Lionel Messi ’ s World Cup record: scoring at different ages.
The longest time between the first and last goal of the World Cup: 16 years, 6 months and 2 days.
First scoring in the highest number of World Cup matches: 8.
Most scoring captain in the World Cup final: 2 goals.
Copa America: 35 games.
Number of crucial passes in the Copa America: 18.
Highest number of La Liga titles for foreigners: 10.
Top scorer for the same team:
672 goals for Barcelona.
Spanish league goalscorer: 474 goals.
History of Spain: 26 goals.
Most goals in a season of La Liga: 50 goals (2011 – 12).
Most assists in a season of La Liga: 21 (2019 / 20).
Crucial passes in La Liga: 193.
Spanish football: 36 times.
Successive goals in La Liga matches: scored in 21 consecutive matches (2012 / 13 season).
Pechichi Award as Lagha goalscorer: 8 times.
Top scorer in the Champions League with the same club: 120 goals with Barcelona.
Goals in the largest number of clubs in the Champions League: 40 teams.
Fastest scoring 100 goals in the Champions League: 123 games.
Lionel Messi ’ s record makes him an unforgettable legend in the world of football.
These numbers are not just statistics, they are a testament to the dedication, talent and superior ability to shine through the toughest situations and biggest tournaments.
With his many achievements, Messi remains a symbol of creativity and sporting excellence, and continues to inspire future generations of footballers around the world.
As he continues to play in tournaments, we can expect more historic moments and records to add to his impressive record.
Alsumaria Tv https: / / www.alsumaria.tv / authors
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His journey from a small boy facing adversity to world champion has inspired millions to pursue their dreams with passion and confidence, making him an ideal example for young players who aspire to succeed through hard work and joy for the sport.