In the past, we’ve used this report to focus solely on billion-dollar markets, but this year we’ve decided to take a fresh approach, one that provides a snapshot of how direct selling feels on the ground right now: cautious in some regions, quietly resilient in others and—in select pockets around the world—newly energized. Against a backdrop of inflation hangovers, geopolitical tension, regulatory scrutiny and economic uncertainty, direct selling continues to do what it has always done—adapt locally while thinking globally. What follows is a regional look at where the channel stands today; what pressures are shaping it; and where opportunity still lives.