By Dave Rauf
“The scope and duration of business disruption and the related financial impact from the coronavirus can’t be reasonably estimated at this time.”
—John Agwunobi, CEO, Herbalife
“No company is immune, but those that are more reliant on social media to execute business and have a higher degree of subscription sales in their business models are going to be relatively better off.”
—Doug Lane, principal, Lane Research
Direct sellers are bracing for a significant financial blow as the reality of the novel coronavirus sweeping the globe sets in. At press time for this issue, the pandemic is in full swing, with cases being reported in every state and rising daily.
The virus that causes the disease called COVID-19 has upended everyday life around the world, and rattled the global economy.