The Appeal of Beauty

The cosmetic industry has long been associated with stability and growth, and for good reason. Time and again, the beauty industry has proven itself recession proof. When the rest of the economy floundered in 2009, the cosmetics industry grew 5.4%. The American market generated $56.2 billion in revenues last year, and is expected to grow in every sector. The number of hairdressers, skin care specialists, and massage therapists are all expected to grow by double digit figures by 2024. And the more specialists and vendors there are, the larger the overall industry becomes. With such specialists earning up to 15% of their revenue from beauty products, the market and demand for products will only continue to grow. Together with a 15% growth in online sales from 2014 to 2015, entrepreneurs looking to enter the business have every reason to be optimistic and bullish.

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Bullish Markets

Companies whose operations heavily rely on manufacturing have good reasons to be optimistic. The manufacturing industry is currently experiencing a bullish trend. June saw the US Manufacturing Index reach a 16 month high. The index posted an increase of 1.9 points and the new order index is up 1.3% from May. With the export index at its highest level since November 2014, companies that manufacture can have confidence in their industry’s stability moving forward. It is vital that manufacturing businesses make the most of these fortuitous times. In a rapidly changing political and technological environment, companies should be aware and actively working to stay on the cutting edge of business.

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Moving forward, digitization is prime to transform nearly every aspect of the logistics industry. With the future potential of Industry 4.0 becoming our present-day reality, the industry is in the midst of rapid change. Cloud computing, cyber-physical systems, and the Internet of Things are all changing how businesses operate. By the year 2020, the number of logistics businesses boasting an advanced level of digitization will skyrocket from 28% to 71%. Industry experts and CEOs see digitization as the best way to achieve cost reduction and revenue growth. Companies expect to see their costs fall 3.6% per annum and their revenues to rise 2.7% per annum. With the industry becoming more efficient and advanced, companies that fail to adapt will find themselves lagging behind their competitors.

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