Inflationary pressures and currency fluctuations have impacted Nature Sunshine’s results, leading the multi-level marketing company to reformulate some products with cheaper ingredients and revamp manufacturing in an effort to control costs.
Renewed lockdowns in China has thrown another wrench into the global supply of botanical ingredients. But having graduated from the recent school of hard knocks, suppliers are managing to cope, experts said.
Struggling retail giant GNC has filed for Chapter 11 bankruptcy according to a news report. GNC is reportedly entering into the process with Chinese firm Harbin Pharmaceutical waiting in the wings as a potential buyer.
Network marketing giant Herbalife has announced an agreement in principle with US authorities over a bribery scandal in China. The reported pact, which includes a $123 million fine, was part of the company’s first quarter earnings report, which came...