As economies around the world are struggling, a finance expert believes cosmetics companies will have a harder time securing funds.
CosmeticsDesign spoke with Jennifer Palmer, CEO of eCapital Assets Based Lending about what cosmetics and personal care financing may look like going into a tumultuous economic climate.
The interview originally focused on the natural personal care market but branched out to the industry more broadly.
To start out, can you give me a rundown on what the cosmetics personal care financing market looks like in 2022?
We certainly should talk about the trends that are affecting the market first. This industry is obviously not immune to all of the challenges that so many companies are facing. The industry is facing inflation, higher cost to produce and ship goods, labor shortages, supply chain issues and the ongoing pandemic, which all effects the world of financing.