Personal Care and Cosmetics

Personal care and cosmetics industry highlights

Personal care and cosmetics market have experienced a strong growth over the past decade. Industry revenue has been growing at an annualized rate of 12.2% from 2010 through 2015, to an estimated $19.9 billion. Over the next five years through 2020, industry revenue is forecast to grow 3.4% annually, to total $23.6 billion. Western Europe has the higher revenue with €77 billion followed by the US with €62 billion. More than 11 billion personal care products are sold each year in the U.S. China has become one of the largest cosmetics markets in the world and is ranked first in Asia.

Innovation and trends leads new product development in an industry that’s getting more and more complex and competitive. Manufacturers, brands or retailers face many challenges as accelerate innovation and time-to-market, facilitate collaboration, master their product range portfolio and be compliant with regulations.

0
billion
personal care products sold each year in the U.S.
0
billion
China industry revenue
0
to10 %
annual growth rate across Europe, North America and Asia

How a PLM solution can help you?

Short product life cycles, fast-evolving trends, patent-protected formulas, increasing competition, technology evolution and expensive ingredients are making new product development even more complex and time-consuming. Marketing, regulatory and R&D teams need to invest time and money into value-added tasks and concentrate their efforts for customer satisfaction. 

Lascom provides a Product Lifecycle Management (PLM) solution to help personal care and cosmetics bussinesses face their challenges. Lascom CPG software supports product development throughout their entire lifecycle, from marketing briefs to product launch.

Thanks to a unique knowledge base, you control product development, manage risks, ensure to comply with regulations, reduce time-to-market and improve collaboration with your subcontractors. Improve packaging design with a viewer tool allowing you to visualize your creations in different formats (PDF, PhotoShop, InDesign, …), annotate and compare the different versions with other team members.Track your projects and product range efficiency with tasks workflows and customized dashboards.

Key functions for personal care and cosmetics challenges

  • Centralize the company’s data (product, packaging, POS-A, …) within a single repository
  • Manage the formulation of cosmetic products
  • Master documents related to cosmetic products (DIP, raw material specifications, etc.)
  • Optimize collaboration with your partners (suppliers, laboratories, etc.)
  • Fluidify the processes of creation and realization of packaging
  • Accelerate the launching of products

Benefits for personal care product management

Productivity

Customized access to updated and unique information
Time waste and errors – including due to information re-keying- reduction
Collaboration inefficiency reduced by 70% while exchanging information with key partners
Automated documents generation – technical datasheet, ingredients statement, allergens, nutrition facts, etc.

Quality

Effective change and impact management
Traceability improvement
Easy sanitary alert control
Regulatory compliance assistance
Quality internal audits efficiency increased by 30%

Strategy

Optimize NPD and launching processes
Costs management
Time to market reduction of 30%
Decision making process assistance
Project priorisation assistance (score-carding)
Existing products portfolio management

Success Stories

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  • Yoplait

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  • LACTALIS

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  • Bolthouse Farms
  • Maple Lodge
  • Poultry leader
  • Artenay Bars
  • Yoplait
  • LACTALIS

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