Consumers in all four of the BRIC countries are gobbling up Westernized consumer goods in virtually every category—fashion, electronics, entertainment, and, of course, beauty. With increasing disposable income and a growing middle class, these products are more affordable than ever. Brazilians, Russians, Indians, and Chinese alike gravitate toward European and American fragrances, skin care products, and makeup more each year.Continue reading
Last week at the HBA Global Expo in New York City my second presentation on the BRIC markets walked the audience through the various channels of distribution in Brazil, Russia, India, and China. We looked at food stores in Brazil, open markets in Russia, kiranas in India, hypermarkets in China, and direct sales and specialty stores across all countries, among others.
I wrapped the talk up with some key takeaways, some of which I will share with you now and in the coming days.
To start: Key Lesson #1 – The economic crisis is global. BRIC countries are more protected but are not immune. Continue reading
The worldwide recession has sent the global lubricants market into a tailspin – even demand in the usually burgeoning Asia-Pacific region has slipped by almost 3%. But, while the global community may be “in it together,” the specific market drivers and impacts of the recession vary significantly from one geographic region to the next. Given this uncertainty, what might the finished lubes industry look like once the worst is over? Read more…
Last week I presented at the HBA Global Expo in New York City at two sessions covering the BRIC markets. My first presentation took an in-depth look at the Russian personal care market, assessing the market size and segmentation, product trends, competitive landscape, and future outlook.Continue reading
HBA Global Expo Conference, which runs from September 15 to 17, 2009, in New York City, will attract a similar number of visitors in 2009 as in the previous year.
Organizers of this trade show say the show is on track to welcome a similar number of visitors in 2009. “We are running slightly ahead on registration compared to last year’s event,” HBA event director Jill Birkett told CosmeticNews. Around 12,000 people have pre-registered for the event to date, including 615 exhibitors and educational partners, Birkett said. The show attracted 16,207 highly qualified industry professionals in 2008.Continue reading
With the state of the current economy it may come as a surprise that a number of firms are continuing to acquire other companies. However bankers are pointing to early signs of a pick-up in mergers and acquisitions (Source Reuters). This pickup in M&A activity may be due to the recession though not all cases can be definitively linked to it!Continue reading
An FDA advisory committee is weighing in on the safety of OTC acetaminophen, the key active ingredient found in many OTC pain relievers, sleeping aids, and cough and cold medications. The proposed regulations suggest either cutting down dosages of acetaminophen or completely pulling combination drugs that contain acetaminophen off the shelves.Continue reading
Direct selling companies did relatively well in 2008. We often see direct sales do well during economic downturns as unemployment rises, which results in an increase in independent sales consultants for the direct companies. For example Swedish direct seller Oriflame experienced an increase in the average size of its sales force by 19% to 3.1 million consultants and closing sales force was up by 25% in the beginning of 2009, Oriflame’s Q1 report revealed.Continue reading
Seed costs increased in the U.S. by 12.3% in 2007 and have been increasing 3-8% annually for the major Midwest crops during the last few years. Corn, cotton and soybeans have been benefiting from the application of biotechnology and seed has reflected the extra cost of the value-added traits. As a result seed has become an increasingly valuable investment so that protection of the developing seed and newly emerged seedling has made strong economic sense.Continue reading