Global Scans · Beauty & fashion · Weekly Summary

WHAT'S NEXT?: Wearables, 3D printing, sensors and other technological advancements are likely to change the world of perceived beauty and fashion towards more integrative, online services. Find out how body scanners and conductive clothing will help us live better, more healthy lives and the downside risks emanating from those who would seek to interfere with them.

  • [New] As companies reckon with declining sales in the $100 billion personal care and beauty industry, new marketing strategies - like emphasizing unique product uses - create new revenue opportunities. Insider
  • [New] The Innovate UK Textile Fund is an exciting opportunity for businesses in the UK fashion and textile sector who are looking to develop innovative solutions to pressing industry challenges. Future Fashion Factory
  • Within the next three to five years, generative AI has the potential to significantly boost operating profits in the apparel, fashion, and luxury sectors. Indian Retailer
  • Rise of D2C Brands: Direct-to-consumer brands are expected to contribute around 15% of fashion e-commerce GMV by 2030, leveraging influencer and social media marketing for awareness and marketplace ads for discovery. Indian Retailer
  • The online fashion sector is particularly poised for significant growth, with forecasts predicting a surge to $36 billion in gross merchandise value (GMV) by 2030, driven by an impressive CAGR of 20% from 2023 to 2030. Indian Retailer
  • For beauty brands, TikTok represents much more than just a social media platform, it is a test lab that evaluates the potential of new molecules with an informed audience. NellyRodi
  • For brands, India is an opportunity to discover other beauty rituals, new talents and new modes of expression. NellyRodi
  • The beauty and wellness sector not only holds vast potential for women but also for men in both domestic and global markets. Daily Pioneer
  • The ability for businesses to fully electrify and obtain their power from 100% decarbonised sources in a timely and cost-effective fashion will see that the UK remains a world-leader in decarbonization and continues to attract green investment, both domestically and from overseas. GOV.UK
  • Beauty-focused businesses are launching more products and boosting online ad spends, as they expect e-commerce shoppers for the category to more than double in 4-5 years in India. Mint
  • A new vulnerability in UEFI firmware is threatening the security of a wide range of Intel chip families in a similar fashion to BlackLotus and others like it. The Register
  • The Coimbatore region's textile and clothing sector should focus on value addition, new product development, and branding to capitalize on emerging opportunities. Demo
  • Amazon is expected to almost double its estimated sales of health, beauty and personal care products, from around 44 billion U.S. dollars in 2022 to 79.4 billion U.S. dollars by 2027. Statista
  • Pinterest is the ultimate destination to discover the hottest trends for the summer of 2024, where self-expression will lead the way for new aesthetics and trends across fashion, beauty, home decor and food. Pinterest Business
  • The CDC maintains its assessment that the risk to the general public from H5N 1 is low, though people who work with infected animals have a higher risk and should wear protective clothing and take additional precautions to avoid getting sick. CNN
  • While Sonos has historically focused more on products in its social media content, the marketing strategy for Ace will use more influencers across music, fashion and sports, including more women's sports, as well as various areas across culture categories. Digiday
  • A big facet of turning Saudi Arabia into a major fashion hub is building a textile industry, complete with industrial textile mills and a recycling facility that has the potential to manufacture textiles. WWD
  • Inditex could consider entering the food sector or segments related to fashion, such as glasses, perfumery, or jewelry. Osum
  • The tokenization of cultural belongings offers immense potential to revolutionize business fashions for creators and reshape media consumption globally. Caring Companions Logo
  • User penetration rates suggest the dominance of beverage and fashion products in Bahrain, whereas food, beverage, and fashion are expected to lead in Oman. SpringerLink

Last updated: 08 July 2024

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