2021 Movements and Trends
2021 Movements and Trends Webinar
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Cosmetic Solutions Awarded Silver EcoVadis Medal for Sustainability
Cosmetic Solutions Awarded Silver EcoVadis Medal for Sustainability Boca Raton, FL (November 11, 2022) – Cosmetic Solutions Innovation Labs (CSIL), one of the world’s leading global manufacturers of turnkey private label and custom formulation face, body, hair and over-the-counter performance products, has been awarded a silver medal for its sustainability management and performance by EcoVadis, the world’s largest and most trusted provider of business sustainability ratings. EcoVadis ranks CSIL in the top 25% of all companies it assessed; measuring companies across four pillars: environment, labor and human rights, sustainable procurement, and ethics. This recognition highlights CSIL’s commitment to reducing its environmental impact and promoting sustainable business practices, both in the company and across its community. “This award demonstrates a significant milestone for Cosmetic Solutions Innovation Labs and our unyielding efforts toward creating a more sustainable future. As a team, we approach sustainability through a holistic lens – taking into consideration the social, economic, and environmental well-being of our community as a whole,” said Warren Becker, CEO at Cosmetic Solutions. “Sustainability has been immersed in our company’s ethos from the very beginning, when my father and uncle sought to bring more naturally effective products to market over 30 years ago. I
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What You Need to Know Before Launching Your New Beauty Business
Small Business Risk Management: What You Need to Know Before Launching Your New Beauty Brand New beauty brands seem to be popping up on store shelves and scattering throughout social media feeds every day. Entrepreneurs, celebrities, and influencers are launching beauty brands at a rapid rate. Although the barrier to entry for beauty brands is lower compared to other brands, launching a new company always comes with risks. The current inflationary environment and a looming economic recession seem to be cause for extra concern — especially when it comes to launching a brand. In fact, a Business.org survey of small businesses found that 60% are concerned about the financial health of their business because of inflation, and 89% of small business owners have already had to increase the price of their products or services since the pandemic began in 2020. These financial strains are top-of-mind for business owners and leaders. Strains such as these inform and drive business decisions. For entrepreneurs launching a brand, financial impacts are always being considered, whether it is the rising prices of ingredients, packaging costs, marketing budgets, etc. There are ways to mitigate cost just like there are ways to mitigate risks when launching a company. Founders
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