Beauty Industry

Reducing Regulatory Risk in the Cosmetic Industry with Product Specification Management

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The cosmetics industry often comes under fire from consumers since products do not need FDA approval before entering the market.  However, that doesn’t mean cosmetics aren’t strictly regulated.  There are a number of cosmetics regulations companies are required to follow. What’s more, companies still have an ethical and legal responsibility to properly label their products…

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Beauty and Cosmetics

From Procurement to Packaging: 4 Ways Specification Management Supports Your Beauty Brand

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In an industry worth $532 billion, beauty companies have plenty of incentive to build a strong brand. In fact, one Nielsen study found that nearly 60 percent of all consumers prefer to buy products from brands with which they’re familiar. Companies can build this familiarity through their marketing, packaging, messaging, and product quality. In a…

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Beauty Manufacturing Specifications

Specification Data Management and the Beauty Industry: 4 Takeaways from Forrester Research

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Consumers are demanding more from beauty products than ever before. Especially with younger generations, there’s an increased emphasis on the importance of transparency, social responsibility, and sustainability. Added to this are the ongoing and rapidly-increasing challenges of cosmetic industry changes and innovations seen by all suppliers and producers.  Beauty companies who understand the need to…

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Exploring the Relationship Between Specification Data Management™ and Quality Assurance in the Beauty Industry

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The global beauty industry was estimated at $532 billion just two years ago and is expected to increase to over $800 billion by 2023, according to market research. This represents a Compound Annual Growth Rate (CAGR) of over 7.1% between 2018 to 2023. New trends are driving change in the category, such as the entry…

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3 Takeaways from Cosmoprof 2019

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Cosmoprof 2019 brought industry professionals and insiders to Las Vegas to discuss the latest trends in beauty and showcase their innovations. Throughout the show, at the booths, and in speaker sessions, there was a consistent buzz and energy around the direction the beauty industry is heading. Among the buzz, three trends stuck out: Clean Beauty,…

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Beauty Manufacturing Specifications

3 Trends to Watch at Cosmoprof 2019

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Each year, professionals across the beauty supply chain gather at Cosmoprof in Las Vegas to uncover the latest trends. Having attended the show over the years, it’s exciting to see trends shift from concept to reality. Here are the trends I think beauty professionals should take note of for Cosmoprof 2019: Big Data, Green Beauty,…

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Taming SKUzilla in the Cosmetics Industry

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According to a report by Markets and Markets, the global color cosmetics market, stood at USD 57.4 Billion in 2014 and it is expected to reach USD 77.7 Billion in 2020.  Cosmetics companies are jumping on the bandwagon as powerhouse companies such as Estée Lauder, LVMH, CoverGirl and Shiseido announce new product lines targeted at…

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