🤔 I review business news from many sectors every morning, especially beauty... and then add in big changes in US cosmetic regulatory environment. This isn't likely isn't a going to be the most desirable of predictions but I expect some big contractions in the beauty industry in coming years. R&D (and product launches) will experience shrink and become more focused but regulatory, quality and analytical chemist positions will become vastly more important. These will be essential functions that every manufacturer and brand should have been investing in by now. #beautyindustrynews #cosmeticscience #cosmeticchemist #businessofbeauty
Sarah Miller
1mo
I, too, review everything beauty & the consumer every morning. The article you linked re: Ulta's performance definitely has some correlation to the state of the beauty consumer, but it's also driven by Ulta's strategy IMHO. That said, I, too, predict the coming contraction of the beauty industry, if only because supply GREATLY exceeds demand. There are only so many serums one person can use in a year (trust me, I've tried...) I disagree with the point about R&D shrink, tho. I think R&D is going to separate the winners and the losers (as well as the cosmetic chemists.) Just the opinion of another beauty nerd. :)
Alejandro Franco
1mo
Vince Penna in line with what we’ve been discussing the last few months.
Lior Leon Delly
1mo
Kelly A Dobos MS, MBA Nice happy place
Agreed! Great notes.
Director of Product Applications, Specialty Chemicals at 3V Sigma USA
1moMakes me wonder if the "No-Buy" movement (see today's LinkedIn News) is making itself known at Ulta and elsewhere.