Sergey
SELDIA is keeping busy as ongoing regulation cycles continue in Europe
By: David Bland
“The Commission is focusing on digital fairness and clarifying further environmental
claims and green product claims. There are proposals on due diligence and the circular
economy that just came out or are about to come out. This is going to impact all companies
operating in Europe, direct selling companies included.” — Laure Alexandre, Executive Director,
SELDIA.
The direct selling companies of the European Union (EU) are preparing for adjustments and adapting to new rules as the implementation of a major consumer protection directive coincides with the significant disruptions resulting from the economic downturn, the war in Ukraine, and continued fallout from the COVID-19 pandemic.
As the EU’s member states continue the process of transposing, adopting and applying the new directives from 2020’s landmark Enforcement and Modernization Directive, known as the Omnibus Directive, the European Direct Selling Association (SELDIA) is busy working with member organizations and government representatives to ensure a smooth transition and to provide guidance for direct sellers.
By: Jennifer Mills
Noah Phillips, a Republication commissioner on the Federal Trade Commission (FTC), has announced his plans to step down in the fall.
According to reports by POLITICO, his departure only adds to an already tense environment at the commission, as skepticism of the agency has escalated in the past year with new Chair Lina Khan, a progressive Democrat, setting her eyes on tech giants and pursuing antitrust legislation to thwart corporate consolidation within the U.S.
Phillips is one of just two Republicans sitting on the commission, and the timing of his leaving may fall before midterm elections. If this is the case, it could swell the existing division between political parties as they battle over his replacement, though precedent would likely still see a Republican in his seat. (A sitting President normally looks to the opposing party for minority commissioner selection).
Phillips shared his intentions by memo with FTC staff Aug. 8, according to the news article, and stated his main reason for exiting the agency was “about prioritizing his family” though he further acknowledged “his sense that other commissioners weren’t open to discussion or compromise.”
Bloo Kanoo
Did you know?
1. Brands and retailers spend over $1 Trillion globally per year in Marketing
2. Global e-commerce cart abandon rates are over 80%
3. Mobile e-commerce cart abandon rates are over 90%
4. E-commerce accounts for less than 20% of total global retail sales
5. Online Conversion Rates average 1-5% compared to in person rates nearing 40%
6. Nearly 90% of distributors work fewer than 30 hours
7. Micro influences have 60% higher engagement than macro influencers