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Coronavirus Beauty Intelligencer: April 20

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COVID-19, otherwise known as coronavirus, is impacting the beauty industry supply chains, consumer patterns and more.

COVID-19, commonly known as the coronavirus, is impacting every industry, including beauty, from retail patterns to supply chains and beyond. Because the situation is changing daily, if not hourly, Global Cosmetic Industry will provide regular updates from across the internet on everything from brand responses to general strategy resources. In all cases, the editors will endeavor to provide the latest and most accurate information.

A Note to Our Readers.

Background

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A recent report from Euromonitor notes that the coronavirus outbreak in China appears to have impacted the market’s beauty and personal care sales, which expanded at 9% in 2019.

However, the analysis described demand as “more rigid,” which could fuel a comeback once infection rates diminish.

Winners have included hand sanitizers and liquid soaps, but long-term innovation could include “healthy beauty” products that promote ingredients that deliver wellbeing benefits.

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