Follow the latest market-moving news & updates

There are various brands that customers seek, love, and trust all around the world. The cosmetic business extends well beyond chromatic lipsticks, fragrances, toiletries, and aromatically scented soaps and hand creams. According to Forbes, it is a $532 billion sector of the economy that is undergoing tremendous expansion, with predictions reaching over $390 billion globally by 2024.

Manufacturers that do not pursue innovative supply chain solutions to protect the quality of their products and prevent spoilage, damage, or loss face lower global revenues and become less cost-effective than their competitors, who ultimately capture more market share in such a dynamic, fast-growing industry, let alone end-consumer satisfaction.

Porcqure offers next-generation End-to-End Supply Chain Management.

Giving the beauty industry a supply chain facelift

For the cosmetics sector, an effective supply chain is critical for maintaining a competitive edge and appropriately managing store requirements while dealing with the numerous supply and demand difficulties. Furthermore, customers want greater openness and responsibility from the companies they purchase from. Customers want high-quality raw materials and more natural, organic components, therefore brand owners owe it to them to give transparency and ensure high-quality products.

To provide the best experience for their consumers, businesses must assure the quality of their products, which includes tracking the temperature of sensitive commodities preserved in a controlled setting throughout the product's lifespan until it reaches the end-user. However, in a world of global supply chain inefficiencies, it is difficult for businesses to achieve these expectations, and the beauty sector is no different.
 

Temperature control compliance

Failure to detect temperature changes (for both raw materials and completed products) may result in the loss of physical and chemical qualities of the items, or in other words, product spoiling. Cosmetic products must be kept in good condition and monitored throughout the supply chain. One method is to log comprehensive temperature data while shipments are being carried. There are other alternatives in the industry, such as IoT-enabled sensors that detect temperature and humidity, but some are just more practical and scalable for cosmetic shipping than others.

Shipment conditions & traceability down to the finest detail

It is becoming extremely critical for many brand manufacturing organisations to be able to not only monitor their products along the supply chain, or "traceability," but also to trace shipment circumstances down to the tiniest detail. This alternative is very advantageous in the event of any anomalies or damage because it allows them to reach a particular batch of beauty products and withdraw it, or at the very least see where something went wrong with the shipment, and its conditions, and to take action based on insights received.
 

Condition monitoring for cosmetics

Maintaining an eye on various variables around the product journey of your cosmetic goods at each stage in the supply chain is what condition monitoring entails. Cosmetics that are deemed delicate or fragile can be destroyed by practically all of these factors, although mistreatment is the most common. Businesses will be able to closely keep a track of their freight at any stage throughout transportation, including loading and unloading.

Conclusion

For the cosmetics sector, an effective supply chain is critical for maintaining a competitive edge, appropriately managing retailer requirements, and addressing supply and demand difficulties. Cosmetics quality control is critical for all stakeholders engaged in the supply chain. Procqur seamlessly syncs data by scanning data history, deduplicating, and updating without intervention, thereby eliminating data redundancy and human errors. It provides a way to link with other third-party tools like accounting systems, and finance cloud, and allows procurement staff to import and export data directly from spreadsheets or other systems.