Supply Chain Chaos Is Stalling Beauty Industry Innovation, Says New Report
· Source: fashionista.com
In short
A new report by Atelier and Accenture reveals that the global beauty industry is losing $86 billion in potential innovation and growth due to supply chain inefficiencies. The report highlights that 54% of beauty launches in early 2024 were renovations or reformulations, with only 46% being new products, as brands struggle to keep up with consumer demand. AI and generative AI are suggested as key technologies to accelerate innovation and adapt to market changes.
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In the issue of week 24, 2025: Agentic AI and Automation Drive Breakthroughs in Supply Chain Efficiency
Tags: supply-chain, innovation, AI, beauty, logistics, manufacturing