Manufacturing has seen its shares of peaks and valleys in the past two years. Though each industry’s experience has been unique, they’ve all had to adapt in some form.
Take the beauty industry, for example. For that $530 billion market, the past couple of years have been mainly about survival. As the world battled a deadly pandemic and its economic fallout, beauty consumers began shifting their dollars elsewhere. As a result, 2020 saw the sales of color cosmetics sales plunge 33%, and overall retail beauty sales fall 15%. But beauty is nothing if not resilient, and experts are forecasting a return to growth in 2022.…Continue reading