Will Beauty Bounce Back?

Will Beauty Bounce Back?

May 29, 2020

Will beauty bounce back?  In the midst of the COVID-19 lockdown, many people are not spending as much time or money on some of the daily routines like shaving, hair styling, or elaborate makeup.

Many beauty purchases revolve around going out and socializing, which the current crisis has curtailed.  Forecasting for the beauty industry in the upcoming months may prove challenging, as so much remains up in the air.


Video Spotlight: Huda Kattan: Coronavirus has fundamentally changed the beauty and blogging businesses (Apr 24, 2020, Yahoo Finance)


This post is based on the CNN article, Our grooming habits are changing, by Fiona Sinclair Scott, May 6, 2020, and the YouTube video in the Spotlight. Image source: Plush Studios/Blend Images LLC

Discussion Questions:

1. What changes in demand have the beauty industry experienced in recent months?

Guidance: Sales of some beauty products are down, including color cosmetics, fragrance, and lipstick, as women spend more time at home, and public mask-wearing becomes commonplace.  At the same time, sales of eye makeup on retail sites is up, with Alibaba reporting 150% increase in mid-February.  Since the eyes are the most visible facial feature Continue reading

Facebook
Twitter
Boston Beer Recycles Beer from Expired Kegs

Boston Beer Recycles Beer from Expired Kegs

In the week of April 11th, beer sales rose by 11.6%.  However, not everything is rosy for beer producers.

The increase in retail sales has been offset by reduced sales to restaurants and bars that are shuttered during this pandemic.  So, beer producers have a mismatch between packaged beer and kegs.  They will need to change their production scheduling to reflect the shift in demand between packaged beer and kegs.

An additional problem is that many beer producers are receiving back expired kegs, and must determine what to do with them.

Many companies recycle expired beer by converting it to ethanol for gasoline.  However, the demand for gasoline is down as well during this pandemic.  One interesting solution is to convert them to ethanol for use as hand sanitizer.


Video Spotlight: Brewery and distillery makes hand sanitizer amid coronavirus pandemic (Mar 19, 2020, ABC Action News)


This post is based on the CNBC article, Kegs Are Going Bad as Coronavirus Keeps Restaurants Closed. Boston Beer Has A Solution, by Amelia Lucas, April 24, 2020, and the YouTube video in the Spotlight. Image source: JirkaBursik/Shutterstock.com

Discussion Questions:

1. What Continue reading

Facebook
Twitter
Ramping Up Mask Manufacturing at 3M

Ramping Up Mask Manufacturing at 3M

March 17, 2020

One of 3M’s largest manufacturing facilities, located in Aberdeen, South Dakota, has ratcheted up production to try to catch up with the growing demand for its N95 respirator masks.

Since there is no vaccine for COVID-19, the masks provide an important first line of defense in keeping medical and other emergency care employees protected while they tend to the needs of infected patients.  At the same time that demand has surged in the medical community, individual consumers have snapped up any available masks for their own personal use, despite the CDC’s claims that healthy individuals need not wear them.


Video Spotlight: 3M ramping up respirator production due to coronavirus (Feb 21, 2020, KSTP)


This post is based on the CNBC article, 3M ramps up N95 respirator production as demand surges from global coronavirus outbreak, by Seema Mody, February 28, 2020; the BBC article, Coronavirus: Sharp to use TV factory to make surgical masks, March 2, 2020; and the YouTube video featured in the Video Spotlight. Image source: Travel mania/Shutterstock.

Discussion Questions:

1. How has 3M been able to rapidly increase its capacity?

Guidance: 3M was not fully utilizing its mask production facility, so it Continue reading

Facebook
Twitter