NHT Global Seeks Stable Growth and Sustainable Operation
DSA NewsletterSEP. 2018 NO.19Member CompaniesLegal UpdatesBusiness EthicsIndustry SnapshotsNatural Health Trends Corp., parent company of NHT Global, sells to the whole world through cross-border E-commerce with world famous nutritional supplements and personal care products. Founded in 2001 and headquartered in California, NHT Global launched an unprecedented personal care product with patented formula – Alura Lux – whose sales revenue soared to US$500,000 in 48 hours.
NHT Global already adopted a business model of "online shopping and offline services" at that time, rapidly expanding into 49 countries and regions such as Canada, Taiwan, Hong Kong, China, Singapore, Malaysia, Japan, Korea, Russia, Europe, Peru, among others, and receiving significant recognition from consumers.
On October 21, 2015, Mr. Chris Sharng, CEO of NHTC and NHT, was invited to the Bell Ceremony at NASDAQ in Time Square of New York City to celebrate the initial public offering of NHTC at NASDAQ. This marked a major milestone for the company. In addition, this company ranked in the top of Fortune Magazine's 100 Fastest Growing Companies List for two years in a row according to the latest announcement of the Fortune Maga-zine in 2017 with sustainable operation and stable growth.
Address: 10F, No.34, Sec.3, Bade Rd., Taipei City
4Life Launched "Wealth Creation Plan"
Beginning with September, 4Life Taiwan has launched the 333 Wealth Creation Program, which features value packages consisting of a combination of best-selling products cou-pled with one promotional and three sales commissions amounting to NT$13,000 on top of referral bonuses, and business development bonuses in the current bonus system. A distributor can easily generate a bonus income of over 3K or up to 10 times as much as 3K.
According to President Ivan Huang, the design of the 333 Wealth Creation Program intends to allow distributors to generate handsome bonus income in the shortest possible time through the simplest actions, and to maximize their wealth by greatly enhancing the momentum and speed of business development. The program received enthusiastic responses in the market as soon as it was launched and will surely trigger waves of popularity in the market.
Digitization X Business Ethics Education 3.0
As all kinds of emerging technologies are being leveraged in the market, how to use digital tools to enhance the education on the Code of Ethics to practitioners in the direct selling industry is one of the focused issues of the Direct Selling Association (DSA). In contrast to conventional pedagogy where the teacher gives a lecture behind a lectern and the students jot down their notes lowered heads (Education 1.0), followed by the introduction of technical elements such as computers, presentations, CD-ROMs, audiovisual teaching materials and the Internet in pedagogical settings (Education 2.0), active learning breaks away from temporal and spatial constraints with the assistance of all kinds of digital tools, ushering in an era of Education 3.0 with integrated virtual and physical learning.
Since the Code of Ethics Evaluation Roadshows for distributors was concluded in July, feedback from the trainees generally show that promotional programs for the Code of Ethics help enhance their identification with the industry and their level of trust. The trainees also suggested that such activities should be further promoted. The DSA will ride the digital wave of popularized mobile devices and create program content in a simplified and easy-to-digest version, which direct selling operators and practitioners may directly download from DSA's official website for use. Thus the constraints of territorial and physical space are eliminated. The Code of Ethics can be quickly disseminated in the entire direct selling industry through a handset and an Internet connection.
In addition, to promote ethical self-regulation of the industry under the Code of Ethics in more diverse and effective manners, the DSA will conduct activities to solicit application for the Direct-selling Business Ethics Planning Contest in the middle of September. It is hoped that novel ideas from all walks of life can be extensively solicited, and creative thoughts in different fields can be incorporated. In this way, gaps of communication with the public can be bridged, and the positive image of the DSA for its willingness to communicate can be fostered. Employees or distributors of member companies are welcome to participate by submitting their proposals. Relevant activity information will be posted in the DSA's official website and activity Facebook pages. Please pay continued attention to the latest information.
MOHW Released “Requirements for the Specification of Food Allergens”
DSA NewsletterSEP. 2018 NO.19Member CompaniesLegal UpdatesBusiness EthicsIndustry SnapshotsNatural Health Trends Corp., parent company of NHT Global, sells to the whole world through cross-border E-commerce with world famous nutritional supplements and personal care products. Founded in 2001 and headquartered in California, NHT Global launched an unprecedented personal care product with patented formula – Alura Lux – whose sales revenue soared to US$500,000 in 48 hours. NHT Global already adopted a business model of "online shopping and offline services" at that time, rapidly expanding into 49 countries and regions such as Canada, Taiwan, Hong Kong, China, Singapore, Malaysia, Japan, Korea, Russia, Europe, Peru, among others, and receiving significant recognition from consumers. On October 21, 2015, Mr. Chris Sharng, CEO of NHTC and NHT, was invited to the Bell Ceremony at NASDAQ in Time Square of New York City to celebrate the initial public offering of NHTC at NASDAQ. This marked a major milestone for the company. In addition, this company ranked in the top of Fortune Magazine's 100 Fastest Growing Companies List for two years in a row according to the latest announcement of the Fortune Maga-zine in 2017 with sustainable operation and stable growth. Address: 10F, No.34, Sec.3, Bade Rd., Taipei CityNHT Global Seeks Stable Growth and Sustainable OperationThe Ministry of Health and Welfare (MOHW) released the Requirements for the Specification of Food Allergens, which will go into effect on July 1, 2020. The mandatory specification items are changed from six items such as shrimps, crabs, mangoes, peanuts, milk and eggs, and products made of them into the following 11 items: (1) crustaceans and their products; (2) mangoes and their products; (3) peanuts and their products; (4) cow's milk, goat's milk and their products; (5) eggs and their products; (6) nuts and their products; (7) sesame and its products; (8) gluten-con-taining grains and their products; (9) soybeans and their products; (10) fish and their products; (11) the use of sulfites and the like with the end product containing more than 10 mg/kg of residual sulphur dioxide. However, the specification of the derivatives of some of the above products is not required in case of exceptional requirements. In addition to the original specification expression "this product contains OO," or "this Product contains OO and, therefore, is not suitable for consumption by people allergic to it," it is additionally required that the entire allergenic contents as contained shall be specified in the "item name." The Taiwan Food and Drug Administration cautioned that if operators fail to make the specification pursuant to the requirement or if there is any false specification, the operators will be ordered to recall the products, rectify within a stated period, and be subject to a fine of NT$30,000 to NT$3,000,000 or NT$40,000 to NT$4,000,000 pursuant to the Food Safety and Sanitation Administration Act.