European cosmetics manufacturers are facing a supply crisis due to a shortage of resources and deliveries in Ukraine.
Like the food industry, the global cosmetics sector is struggling with the fallout from the war in Ukraine, as producers use, among other things, alcohol derived from grain and beets to make perfumes, and sunflower oils to make cosmetics. The downside? All these key crops come from Ukraine.
At the same time, the energy crisis triggered by the war has driven up the price of glass and paper, and the new containment in China has prevented companies from obtaining packaging for its luxury cosmetics.
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