Supply Chain Crises: A Big Threat to Beauty Companies
In the face of above-mentioned supply chain crises, some cosmetics companies, just as heads of IBA said, are forced to think out of the box and make innovations. If you think that with so many combined crises in the supply chain, companies will pay high attention to their business rather than environmental production, then you're wrong. Things are the opposite. Sustainable packaging innovation is a way out for these companies. For example, some companies may not be able to obtain plastic resin during the pandemic, so they may turn to alternative packaging materials such as biomaterials—bamboo or paper. Of course, if some companies focus on PCR materials, they may also be affected by supply chain crises as PCR materials may not be available, or transported as schedule or at affordable prices. However, it can not be denied that the supply chain crises provide those companies a new idea in upgrading their products. In the long run, sustainable packaging innovation can greatly improve efficiency and reduce costs for beauty companies.
For now, as the outbreak is gradually contained and the vaccines are fully administered, the lockdowns are eased and production and work return to normal. An explosive, unleashed growth is coming to the cosmetics industry. However, the supply chain crises have not been completely solved, the global beauty companies, big or small, are still facing the impact of supply chain crises.
Beauty Sourcing is such a platform that is dedicated to offering global beauty supply chain solutions. Over ten years of explorations in cosmetics industry have brought the platform numerous resources of suppliers and manufacturers. Based on its online-to-offline business model, Beauty Sourcing is building up supply chain resources with premium manufacturers to provide tools and services to help beauty companies negotiate with crises. In particular, at Beauty Sourcing, we also offer RFQ services. Global buyers can submit their RFQ online. Then, we will recommend suitable suppliers for free quotation and price comparison. In addition, we also offer third-party quality inspection services. Overall, Beauty Sourcing will make a good start in your responses to supply chain crises.
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