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In My Opinion: Shanghai Rising
By: Peter Kelly
Posted: August 28, 2008, from the April 2007 issue of GCI Magazine.
page 2 of 2
Were one to walk the floor of Cosmoprof Shanghai and then take a trip into any new department store in the city, he’d be forgiven for thinking he had left the halls of HBA in New York or Cosmoprof Las Vegas only to wander into Macy’s or Bloomingdale’s. How many Chanel, Dior and Bobbi Brown counters are there in China now? How many more new brands are preparing to enter the market? Unanswerable questions when these numbers seem to grow every day.
China is no El Dorado for the cosmetics industry, not when import duties are coming down and the product registration process is lengthy and complicated. There are still IP issues. But the Chinese market is tipped to double in size by 2012, and with a female population aged 16 to 45 whose numbers total nearly the entire combined populations of the U.S. and Japan, it’s one we cannot ignore.
Peter Kelly has 20 years’ experience working in contract manufacturing and supplying global brands. He is business development director of COSi Limited and also has his own brand, Taxi London. email@example.com; www.cosiworld.com or www.taxicosmetics.com