From Business Rhythm with Frank & Jamie- “Globally the size of beauty and cosmetics manufacturing is about $255 billion, according to IBIS World. The industry consists of hair care products, skin care products, cosmetics, perfumes, deodorants, nail products, and oral hygiene products. Crude oil represents a key input ingredient for this industry. The top markets are Europe, North America, and North Asia.”
From Business Rhythm with Frank & Jamie- “Globally the size of the chocolate industry is about $15.5 billion, according to IBIS World. It has already reached the mature stage of its product lifecycle. This means that the industry faces fierce competition, sees a lot of a lot of mergers and acquisitions, and has new entrants coming in. Furthermore, a few companies, many of which have operated since the early 20th century, dominate the industry with their well-established brands and products. “
From Knowledge@Wharton – ” Virtually all the experts agree that the transition to a clean energy economy will be difficult. Carl Pope, the former executive director of the Sierra Club, points out that if clean energy investments result in a 5% reduction in global fossil fuel demand, the law of supply and demand would result in a sharp 25% to 30% drop in fossil fuel prices, increasing non-renewables’ appeal to consumers. Robert Giegengack, professor emeritus of earth and environmental science in the School of Arts and Sciences at the University of Pennsylvania, agrees the transition won’t be easy, ‘but it is inevitable.’ Moving to renewables could take as long as 100 years, Esty said. Eric Orts, the director of Wharton’s Initiative for Global Environmental Leadership (IGEL) and a law professor at the University of Pennsylvania, also sees a fairly hard road ahead, but it’s an achievable goal. ‘I don’t think it’s an easy transition at all,’ he said. ‘But I do think it’s possible, and we definitely need to move in that direction.'”
From Business Rhythm with Frank and Jamie – There are many elements that make a retail store, or an online store, successful. For most shoppers, the “wow experience” lies in the retailer’s “big idea.”
From Fast Company- The companies that overcame hard times are Apple, General Motors, Marvel, Delta, Starbucks, Old Spice, J Crew, CBS, Pabst Blue Ribbon, Nintendo, Converse, Netflix, Disney Animation, Burberry, Lego, Target, Lacoste, Lower Manhattan and Bacon….
“In today’s episode, we will talk about the demographic and consumer behavior changes that are happening in the global market. These changes will continue over the next 10 to 15 years and will have profound implications on business and finance. Businesses that pay attention to these changes can prepare themselves to adapt to the new situation and keep their products and services relevant. The changes can present new opportunities for businesses through innovations in products and services.”
From Knowledge@HEC -“When developing innovations, multinational corporations (MNCs) are faced with two risks: create global offerings that cannot meet all of the different local needs or create very specific offerings that meet the variety of needs but lead to increased costs. According to Sihem Ben Mahmoud-Jouini and Florence Charue-Duboc (CNRS-Ecole Polytechnique), however, a third path exists. They identify key factors that balance global integration and local adaptation and thus enhance the deployment of the innovation across the subsidiaries. ”
From Washington Post – Chad Dickerson “is now the chief executive of Etsy, one of the largest and fastest-growing commerce sites on the Web. It’s a technology platform where artisans can sell their crafts, such as handmade jewelry, clothing and art. And in 2013, the Etsy marketplace saw more than $1.35 billion in sales.”