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The world has seen massive supply chain interruptions over the past few years, and Euromonitor says industries may be facing more challenges.
Euromonitor recently released a video outlining four threats to the global supply chain and what they will mean in the short and long term.
Industrial insights manager at Euromonitor Justinas Liuimia said the manufacturing sector has made recoveries from the pandemic as factors like investment, production capacity and supply flow bounce back.
“There are still many risk factors that are beyond the control of companies and this will continue to put pressure on global supply chains,” Liuimia said.
Q&A
While custom beauty might be a fun new product type, Mintel says consumers are also using it to address needs that may not be easily addressed by traditional products.
CosmeticsDesign spoke with Simon Pitman, global senior analyst for Mintel Beauty and Personal Care, about what consumer demand and interest look like in customer beauty and personal care.
What does the customer demand for custom beauty look like broadly right now?
Mintel’s Beauty With A Brain trend underlines how many consumers are increasingly aware of greater choice in beauty and personal care products, while also being informed about ingredient advances that are bringing about more targeted and effective formulations.
MakeUp NYC brought the trends in color cosmetics formulation, packaging and design to the Javits Center.
Leading executives from Sephora, Shiseido and Orveon will join forces to brainstorm the future of beauty tech – discussing opportunities and challenges today and revealing their five-year vision.
This week, CosmeticsDesign is hosting an exclusive and free-to-attend webinar on the future of beauty tech. This Wednesday 21 at 4pm Central European Time (CET), Beauty 4.0 – Tech, Tools and Future Trends will bring together key thought leaders to pick apart existing innovation in beauty tech horizon opportunities for brands, retailers and others in the supply chain.
From the metaverse, to digital-smart stores and gamified beauty offerings, there will be plenty of brainstorming and strategy sharing as we tackle the big question: what will the future of beauty tech look like?
Big beauty brand thinking – Sephora, Shiseido and Orveon
Alia Gogi, president of Sephora Asia, is set to talk more about what the retail major’s latest ‘store of the future’ will look like in Singapore and Shanghai, and what such a development might mean to its wider global network and beauty tech beyond.
L’Oréal announced the acquisition of physician-dispensed brand Skinbetter Science, which will become part of the multinational’s Active Cosmetics Division.
Skinbetter Science was founded in 2016 by three pharmaceutical professionals, according to the press release. The brand is primarily dispensed in medical offices like dermatology, plastic surgery and medical aesthetics practices.
According to the L’Oréal press release, the brand focuses on innovation in active ingredients for anti-aging, moisturizing, cleansing, exfoliating, skin peeling and sun protection.
“Skinbetter Science is a perfect complement to the Active Cosmetics Division’s brand portfolio,” Myriam Cohen-Welgryn, Worldwide President of L’Oréal’s Active Cosmetics Division, said in the release. “It will contribute greatly to the L’Oréal Active Cosmetics Division’s long-standing mission to pioneer health and beauty with advanced science-based skincare innovations.”
