openPR Logo
Press release

Supply Chain Crises: A Big Threat to Beauty Companies

12-02-2021 09:29 AM CET | Fashion, Lifestyle, Trends

Press release from: BeautySourcing.com

In a recent interview, heads of Independent Beauty Association (IBA) implied that at the end of August, about 40 vessels were waiting to enter the ports of Los Angeles and Long Beach. These ports are recognized as the top two busiest ones across North America. The number of such vessels increased to more than 70 by mid-September. The shutdowns of ports posed a grave threat to the delivery of goods on schedule. In addition to the shipping delays and port shutdowns, the pandemic has also disrupted the labor and warehousing. Actually, in the past 18 months and more, the lockdowns also led to shortage of labors in market and rising prices of raw materials. For example, natural disasters, coupled with COVID disruptions, caused the serious shortage of plastic resin.
All these challenges may make some beauty companies adopt erroneous decisions, for example, rampant inventory stocking. It seems to be a common thing in beauty industry that companies seek to forecast supply needs 4 months out in respond to the transportation delays. For example, orders placed at the beginning of August this year may be stocked in February 2022. Planning for such a long period of transit time will inevitably undermine the forecasting ability and stock management ability of a company.
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.

Bijou Wu
BeautySourcing.com
Marketing Manager
Tel: +1-646-653 2838
Email: Bijou.Wu@beautysourcing.com
Web: www.beautysourcing.com
Add: 62 West 47th Street,Suite 14A11 New York, NY 10036

BeautySourcing connects buyers worldwide with premium beauty suppliers via Online and trade show. The online showcase enables fast search while the offline displays allow buyers to take a closer look and touch the samples in person. Buyers can have higher trust and low risk doing business with the premium suppliers. sign up as a member for free!

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Supply Chain Crises: A Big Threat to Beauty Companies here

News-ID: 2478649 • Views: 223

More Releases from BeautySourcing.com

Join BeautySourcing to Set Your B2B Trade on "The Digital Express"
In recent years, cosmetic trade has experienced tremendous changes. Digital sourcing has become a popular way among global buyers. Especially the COVID-19 pandemic accelerates such shift. The increased pace of digital transformation over the past two years means a big shift in the way field sales representatives reach potential customers. In the past, B2B sales representatives took on an assigned sales territory and they met with their potential buyers face-to-face
New Suppliers on BeautySourcing Alliance for February 2022
If your new year's plan is to find some new suppliers to make your supply chain more dynamic, you are very lucky: we present a premium suppliers alliance to make a shortlist of qualified vendors from online to offline. Our suppliers come from nearly all beauty sectors, from packaging, skincare, hair care, makeup tools to nails, etc. This year, we will strive to add more new suppliers to our alliance
How BeautySourcing Helps You to Source Qualified Beauty Suppliers from China
Cosmetics are one of the fastest-growing and most promising industries in China. In terms of geographical distribution, East and South China are home to the vast majority of beauty manufacturers, accounting for 84.16% in total-among others, 1446 manufacturers in East China and 2389 in South China. With the development of Chinese cosmetic market and more sophisticated manufacturing process, China has become one of the top sourcing destinations. In 2020, China recorded 4.24 billion
Three Tips to Find Qualified Beauty Suppliers from China
As China is moving toward high-end manufacturing from low-end manufacturing, a growing number of Chinese cosmetic manufacturers have pursued a global presence over the past decade and more. They attend various international beauty trade shows and sell products made in China to the rest of the world through e-commerce platforms. According to the data statistics of Chinese companies participating in overseas beauty trade shows during 2012-2019, top exports in recent years come

All 5 Releases


More Releases for Beauty

Beauty Devices Market: Growing Applications of Beauty Devices in Healthcare to D …
Beauty devices are made and sold for the purpose of enhancing the physical attractiveness of users. These devices come in handy and are very useful for the cosmetic usage area including skin related issues, such as acne, wrinkles and scars usage areas among others. The market for beauty device is expected to witness huge growth due to changing consumer psyche towards beauty and wellness and increasing prevalence of age-related skin
7 ways to grow beauty business by tech | Beauty Sourcing
Beauty is an agile industry, making it one of the most vibrant of all retail businesses. It's consistently evolving and finding new ways to bob and weave through sudden changes in the market. Much like we're seeing amid COVID-19. If you've been paying attention, then you've witnessed how beauty businesses are adapting. For example, offering specialized skincare products for those with mask acne. This is a new problem, and already
Eye Makeup Market $19.6 Bn by 2025: Christian Dior SE, Huda Beauty FZ-LLC, Revol …
Eye Makeup Market is projected to be valued at USD 19.6 Billion by 2025, registering a CAGR of 6.6% from 2019 to 2025. Eye makeup products are used to enhance the appearance of the eyes. The various types of eye makeup products include eyeshadow, eyeliner, and eyebrow products. The growth of the makeup market has significantly contributed to the growth of the eye makeup market. High competition owing to the
Global Beauty Instrument Market Growth Will Escalate Rapidly till 2024 by Top Ve …
Global Beauty Instrument Market brings a systematic perspective of the market execution in worldwide and additionally the regional situation. In a detailed sections shrewd arrangement, the Beauty Instrument contemplate that make sense of different perspectives relating to the global market. To begin with, the Beauty Instrument market definition, applications, arrangement, and industry esteem chain structure are incorporated into the answer, to target gathering of people on restricting Beauty Instrument market
Global Beauty Instrument Market 2018 Stryker, Medtronic, Johnson & Johnson, Beau …
Beauty Instrument Market Summary Global Beauty Instrument Market Size, Share, Growth, Trends, Regional Outlook, and Forecasts, 2018 - 2025' to its vast database of research reports. This intelligence study focuses on the current market trends and development patterns, in order to assist the new entrants in discovering market opportunities and develop effective ways to expand their presence in the global market. Get a Sample PDF Report : https://is.gd/tjJnMl This research report provides
Beauty Instrument Market 2018 by Share, Size and Top Players Study:- Stryker, Me …
Global Beauty Instrument Market research Report 2018 by Production, Demand, Growth, Size, Supply, Market Development, Application, Segmentation, Forecast and Analysis by 2025. Get Sample Copy of this Report- https://www.orianresearch.com/request-sample/663648 The Beauty Instrument Market Report includes the general market read of the Beauty Instrument market. So as to produce complete info regarding the market, written account knowledge was collected that additionally enclosed the applied mathematics knowledge. Rigorous researches and studies were created