In personal care and cosmetic industry, companies need to continuously create and innovate. The collection turnover is getting shorter due to seasonal constraints and fast-evolving consumers’ needs. To stay competitive, businesses must reduce their time to market and costs while being innovative.
When it comes to cosmetics, product safety is one of the biggest concerns of either legal administrations, consumers, or manufacturers. Manufacturer’s responsibility of ensuring that products sold are safe, brands credibility and product quality and consumer expectations of efficiency are just a few challenges.
Mastering all the stages of the process of the cosmetic product life cycle is crucial. There are many sub-stages to be managed, such as; market research, formulation, product information file management, regulations, and so on.
Formulation is a critical step in any product development; however, it is a complex process and formulators face a great amount of challenges when developing a recipe. Not to mention the strong competition and complex regulatory environment that add additional challenges.
It is common knowledge that Earth’s resources are limited, and with larger populations and higher consumption habits, mankind is more and more challenged by coexisting with wildlife, pollution, and climate change.
The cost of raw materials remains the top overall concern for food industries and manufacturers. Regarding extreme price volatility of raw materials it becomes a real challenge for food companies to remain competitive and assure sustainable margins. Crops, dairy products, oils, chemicals have high influence on companies’ bottom line results.
Ingredient statement (or ingredients list) is a mandatory section for packed food labels in most international standards. Here are the key points any food industry player should consider when listing ingredients on a label.
