Global Trends in the Cosmetic Industry

Cosmetic dyes and colours: Explained

Cosmetic colours are also known as cosmetic lakes. These colours are produced by taking the help of absorption of dyes that are water-soluble onto a substrate. It makes the colour insoluble in water. Cosmetic lake colours are made by making use of unique technology. The technology helps in attaining extremely fine particles. These particles help in achieving shade consistency. In comparison water soluble colours, cosmetic lakes are much more stable & safe. They also generate vivacious and brighter colours. It has been seen that cosmetic pigments and lakes are more suitable for food products that contain fats and oils. They are also suitable for those products that do not contain enough moisture for dissolving colours.

Cosmetic dyes, on the other hand are used for making cosmetic colours & products. These dyes are widely used by the cosmetic manufacturing industries and businesses all over the world. They are primarily used for manufacturing hair dyes, lipsticks, nail polishes, shampoo as well as other personal care products. It has been seen that generally water soluble & food dyes are very easy and safe to use. These dyes are mostly used for a wide variety of applications. They include cleaning chemicals, soaps, medicine, cosmetic products etc.

Know which ones are safe for use

Be it the use of any type of cosmetic dyes or cosmetic colorants safety of use is a primary consideration. Cosmetic colours and cosmetic dyes often make use of a wide range of synthetic colours. These are often referred to as FD&C colours. They are mainly extracted through coal tar and are basically a by-product of petroleum. Research shows that some particular coal tar based dyes lead to different types of cancer. This is why the FDA regulates them. They also determine the arsenic or lead amount they contain. Thus there are many restrictions in the use of such colours.

Some global trends in Cosmetic dyes and cosmetic colours

Worldwide it is seen that North America, followed by Europe, has the largest market for colour cosmetics. This is due to innovations in colour cosmetics. Other factors also include high consumer disposable income and frequent new product launches in colour cosmetic market in the region. However Asia too is expected to show high growth rate in the colour cosmetics market in next few years. This is on account of the increasing consumer incomes and rising in awareness about personal care products in the region.

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5 Crucial Factors to Consider When Sourcing Products Globally

Sourcing products from a different country can be a great way to expand your business as it comes with many advantages. Like, you get a new market to explore business opportunities, you lower your production costs, get raw materials at a cheaper rate, increase your production capacity, the quality of your products also improves over time. And you will be in a better position to compete with other players in the market.

But you can enjoy these benefits of global sourcing only if you consider certain important factors. They include:

1. Financial Risks

Sourcing products from overseas cuts down on the costs of labour and raw materials but brings along with it a monetary risk which includes paying additional costs like:

Shipping and hidden costs
Cost of delay
Costs incurred due to loss of goods
Other costs like documentation fees, supplier fees, cost of transactions, etc.

2. Product Quality

Quality decides the level of acceptance of goods and so it should not be compromised at all. But when sourcing globally, you might face issues with product quality. So, it is important for both the buyer and supplier to understand the value of delivering quality products and focus on excellence. In case you have received a defective shipment or the quality is not up to the mark, it becomes difficult to coordinate with the supplier due to a difference in the time zone and location.

3. Transportation Facility

Before you decide to procure goods from a different country, you need to know some important things related to logistics:

a. Whether domestic and international transportation is available

b. Whether the country’s transportation infrastructure is dependable

c. How strong it is in case there is a seasonal fluctuation or a natural calamity

d. How flexible service providers are in implementing alternate plans to support on-time and safe delivery

4. Location

The closer the country, the better it is for you as a buyer. You can do the business in the same or close time zones, language won’t be much of a problem, and there will be fewer restrictions on trading. So when you plan to go ahead with global product sourcing, keep in mind what the repercussions of sourcing from a different location will be and how they will affect your business.

5. Responsiveness of Global Sourcing Companies

Sourcing products from a different market or location is all about taking the right decision. These means choosing the best global sourcing companies that are open to accommodate changes as and when required and ensure on-time delivery. What if your competitor introduces new season’s collection before you? You might lose a market and face financial losses too. To avoid such scenarios, it is important to consider the factor of having a receptive and trustworthy supplier.

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