JOIN OUR TEAM
[TREND 10] The Hydrogen Economy In July 2020, the EU announced its hydrogen policy to achieve a carbon-neutral economy. Several countries, including Australia and Japan, issued such policies in the past. However, the EU policy is more comprehensive and takes an integrated approach to reducing carbon footprints. The policy, issued as part of the
[TREND 9] Dispensing Skin Care Physicians Go Digital The current pandemic has pushed physicians to dispense skin care products more often than before, as this was their major source of revenue during the lockdowns both in Europe and the United States. More than two-thirds of the physicians we surveyed in our recently published report cited
[TREND 8]E-COMMERCE Is Queen in Beauty This year, the beauty industry is witnessing one of the strongest shifts to e-commerce ever. The transformation began in March 2020 with the onset of the COVID-19 pandemic, causing the omnichannel approach to lose relevance as many brick-and-mortar retailers were forced to shutter. The change to digital will be
[TREND 7] E-COMMERCE: A New Standard in Oils, Lubricants, and Auto Parts Sales COVID-19 has dramatically accelerated an expansion of e-commerce and the technological platforms enabling e-commerce, as consumers now must turn to online shopping for essential and discretionary products. Online automotive and lubricants sales and services are no exception; however, they were already rising
[TREND 6] Faster Transitions in Beauty Technology A new class of tech-driven beauty products has emerged in the market, allowing consumers to self-treat their issues. Companies unveiled new services, offering face and product recognition, virtual try-ons, skin analysis, and voice command features. Meanwhile, Sephora uses a Custom Engraving Machine in select stores to encourage fragrance
[TREND 5] Major Shift to Alternative/EV Vehicles Meanwhile, electric vehicles are disrupting the automotive space. We should see a sustained shift to electric vehicles over the next two decades. Before the COVID-19 crisis, the EV market was booming. In the early stages of expansion, EVs were heavily promoted by strong governmental intervention, leading to
[TREND 4] Huge Increases in Consumer and Professional Hand Care While the world contends with the COVID-19, there have been strong surges in consumer demand for hand care products. A category that has previously seen comfortable growth, averaging increases of about 4% annually over the last five years, hand sanitizers are now on track to more than double sales in 2020 in the
[TREND 3] Disinfection of Just About Everything The pandemic has increased demand for cleaning and sanitizing products, positively affecting and changing the industry of HI&I ingredients. Demand for cleaning products in the household sector started to skyrocket in March and April, and the following months remained high, with some categories—such as disinfectants and bleaches—increasing
[TREND 2] The Shift from Traditional to Clean Energy The most notable transformation of oil majors is their explicit effort to evolve, both in their brand image as well as their product portfolio, from fossil fuel companies to energy providers. In 2020, we saw huge shifts as major oil companies committed to greater investments in
[TREND 1] Why a Sustainability, Technology, Innovation, and Health Theme? Before the COVID-19 pandemic, climate change was the most pressing challenge of our time. Sustainability will gain more momentum in the aftermath of the crisis. This pandemic revealed the gaps and pressing need to speed up the deployment of a digital economy and smart
