Isagenix International Generates $1.6 Billion GDP Impact on U.S. Economy

Saturday, October 6, 2018 General News
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Isagenix International is making an impact not only on hundreds of thousands of customers worldwide but also on the U.S. economy, as shown in its latest economic impact report. In 2017, the company had a $1.6 billion gross domestic product impact on the U.S. economy.

GILBERT, Ariz., Oct. 5, 2018 /PRNewswire-PRWeb/ -- Isagenix International, a global health and wellness company providing

nutrition and lifestyle solutions, is making an impact not only on hundreds of thousands of customers worldwide but also on the U.S. economy, as shown in its latest economic impact report.

In 2017, Isagenix had a $1.6 billion gross domestic product (GDP) impact on the U.S. economy, supporting 14,155 jobs and producing $1.1 billion in labor income, according to the 2017 Economic and Health & Wellness Impact on the U.S. report. The study was conducted by Arizona State University's L. William Seidman Research Institute, which serves as a connection between business communities and the W. P. Carey School of Business at ASU.

In its home state of Arizona in 2017, Isagenix had a $297 million GDP impact, supporting 3,210 jobs and producing $216 million in labor income.

From a revenue perspective, the company had $958 million in global revenue in 2017, a $34 million increase over 2016 revenue ($924 million). Of the $958 million, $700 million was U.S. revenue, and $258 million was international markets revenue.

"By offering high-quality, delicious nutrition that helps people transform their lives, Isagenix provides meaningful work for hundreds of employees and tens of thousands of independent distributors, helping fuel the economy," said Isagenix Chief Executive Officer Travis Ogden. "We're pleased our company can make such a significant impact on the world around us."

Additional U.S. highlights of the latest Economic and Health & Wellness Impact on the U.S. report include:

  • In 2017, Isagenix purchased $372 million in goods and services from nongovernment U.S.-based vendors. These vendors include manufacturers, packaging suppliers, freight companies, farmers, and professional service providers. The total economic impact from these purchases is estimated at $745 million GDP, supporting 7,681 jobs and providing $467 million in labor income.
  • U.S. wages and benefits for 867 Isagenix employees (permanent, contract, and seasonal) in 2017 totaled $76 million, and employees paid an estimated $13.5 million in state and local taxes. The total impact of the Isagenix labor force on the U.S. economy, including multiplier effects related to employees' consumer spending, was $186 million.
  • In 2017, 78,760 independent distributors representing all 50 states as well as the District of Columbia earned commissions. These independent distributors paid an estimated $64 million in state and local taxes. The total economic impact of U.S.-based independent distributors was estimated at $637 million GDP, supporting 4,385 jobs and providing $489 million in labor income.
  • From 2012 to 2018, Isagenix and its customers, independent distributors, and employees raised more than $9 million for Make-A-Wish®, helping the nonprofit grant more than 938 wishes to deserving children with critical illnesses. The company contributed $6 million to charitable and disaster-relief causes.
  • From 2014-2017, there were nearly 347,000 entries in the IsaBody Challenge®, a 16-week total-body transformation challenge in which participants submit "before" and "after" photos, use Isagenix products to support their transformation goals, and submit personal essays describing their journeys to greater health and fitness. Participants who complete the program achieve a wide range of health and fitness goals, including weight loss, muscle gains, energy, and increased performance.

Arizona highlights from the report include:

  • In 2017, Isagenix purchased $149 million in goods and services from nongovernment Arizona vendors. The total economic impact from these purchases is estimated at $138 million GDP, supporting 1,502 jobs. In 2017, 3,942 independent distributors in Arizona earned commissions. The total economic impact of these independent distributors on the Arizona economy was estimated at $31 million.
  • Cash and product donations for 2017 in Arizona totaled $498,100. Isagenix provides donations, volunteers, free products, and meeting spaces to many Arizona charitable and civic organizations.
  • In 2017, there were 2,096 IsaBody completions and 11,388 pounds lost in Arizona.

Isagenix recently shared the report and additional information about the company at the 2018 Direct Selling Day on Capitol Hill, joining more than 150 direct selling distributors and executives representing 14 Direct Selling Association member companies and 28 states. Isagenix and several of its independent distributors met with various members of Congress, which allowed distributors to share personal accounts of how direct selling has positively impacted their lives.

For more details from the report, view Economic and Health & Wellness Impact on the U.S. and Isagenix: Impacting the State of Arizona.

To learn more about Isagenix, visit its Newsroom, like the company on Facebook, and follow it on Twitter and Instagram at @Isagenix.

About Isagenix International Established in 2002, Isagenix provides systems for weight loss, energy, performance, healthy aging, and wealth creation. With nearly 600,000 customers worldwide and more than 100 life-changing products, packs, and systems globally, the company is committed to producing Solutions to Transform Lives™. Since its inception in 2002, Isagenix has generated $6 billion in cumulative global sales through a network of independent distributors in the U.S., Canada, Puerto Rico, Hong Kong, Australia, New Zealand, Taiwan, Mexico, Singapore, Malaysia, Colombia, Indonesia, the United Kingdom, Ireland, the Netherlands, Belgium, and Spain. Isagenix is a privately owned company with headquarters in Gilbert, Arizona. For more information, visit Isagenix.com.

 

SOURCE Isagenix International, LLC.



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