Latest News

Brexit – Local Market and Globalization

Brexit – Local Market and Globalization

On March 29, Theresa May, Britain prime minister, informed the European Union that the UK would trigger Article 50, i.e. the beginning of the negotiation with the European Union to withdraw UK from the Union (the so called Brexit). Article 50 is irrevocable but the way it is written make it unclear what would be the results of these negotiations. The good news is that during the 2 years negotiations period the UK and the EU will have time to figure out the best scenario to maintain a viable trading.

In 2016, 64% of UK cosmetics were exported to the EU, while 66% of EU cosmetics were imported to the UK. Cosmetics sales in the UK were estimated at 11.2 billion dollars in 2015 (retail sales), according to the CPTA (Cosmetic, Toiletry and Perfumery Association in the UK). Analysts predict that UK sales will drop in a Brexit scenario. Raw materials, especially in the high-end segment, can be quite costly to import, and restrictions to trade, coupled with a weak currency, could see costs of development go up. The risk for ingredient suppliers is that the cost for the high-yield innovation that they need to bring to be unique and competitive would only be absorbed by the resilient super premium segment, usually not too influenced by price fluctuations given the high margins.The Mastige and the Mass market would instead be hit by a higher product cost resulting in consumers trade down unless finished products companies would absorb the cost or they would trade for cheaper raw materials with less quality.

...
Continue reading
187 Hits

Alban Muller awarded at "the Future of Sustainability" event!

Alban Muller awarded at "the Future of Sustainability" event!

Alban Muller has taken key initiatives for contributing towards building the sustainable and circular economy. These contributions played a major role in achieving the “Most Sustainable Company” award at the Future of Sustainability event organized by New York Society of Cosmetic Chemists.

Alban Muller Prioritizes Sustainable Economy Development

...
Continue reading
210 Hits

Open Innovation - 1

Open Innovation - 1

The Key to Success is Communication and Trust - by Giorgio Dell’Acqua, PhD

Open innovation is about bringing ideas to business and to market. In order to achieve this goal a network of multilateral collaborations need to be put in place by companies to target the latest ideas and technology with the objective to stay ahead of the competition and attract more customers.

...
Continue reading
237 Hits

Open Innovation - 2

Open Innovation - 2

 

Co-creating with the World to Accelerate New Consumer Solutions - by Prithwiraj Maitra, PhD

...
Continue reading
549 Hits

Trees of Life – Sustainable Development and Biodiversity Protection

Trees of Life – Sustainable Development and Biodiversity Protection

 

When today our industry is sourcing a natural ingredient it has to consider doing it within a sustainable development framework. Sustainable development considers the economy, social equity and the environment as its main pillars. Also called “triple bottom line”, those pillars reminds us that business, society and the environment are connected, they influence each other, and should have the same value (1). The effect of a business on a community (society) and its natural environment is particularly evident in the development world where many of our “exotic” natural ingredients are coming from. The risk to source ingredients careless of a possible negative impact on the communities and their environment is present. The United Nations (UNCTAD) with its Biotrade Facilitation Program and more recently spin off organizations such as the Union of Ethical BioTrade (UEBT) have advocated and implemented programs to protect the environment and its biodiversity (2). These organizations have helped initially to build supply chains with local producers working in a sustainable environment and eventually to connect with ingredient suppliers and finished product companies (both in the food and the cosmetic industry) committed to source ingredients sustainably. In Africa, organizations, producers and traders work with communities to sustain ingredient sourcing by preserving the biodiversity of the natural environment where the ingredient is coming from. Like the example of African trees (often call the trees of life) that are at risk of extinction due to increasing deforestation implemented by corporations in search of land to grow monocultures to feed an expanding worldwide population. Entire forests have been cut down with this objective. Some examples of trees that are at risk and that are currently saved by businesses integrating sustainable development follow.

...
Continue reading
295 Hits