Trade war, regulations and trends: ACA Leaders’ Forum 2019 highlights most pressing issues affecting cosmetics sector

By Amanda Lim contact

- Last updated on GMT

Trade war, regulations and trends: ACA Leaders’ Forum 2019 highlights most pressing issues affecting cosmetics sector
The impact of the US-China trade war on the global cosmetic industry’s supply chain, along with new regulations in China and Indonesia, will have a major impact on the beauty industry in the year ahead.

That’s why the topics will feature front and centre at the fourth edition of ASEAN Cosmetics Association (ACA),  Leaders’ Forum in Singapore.

Le Chau Giang, President of ACA said: “With each edition of the Forum, we look into the most pertinent issues and emerging trends that will benefit the industry. This year is no different and we’re excited to be hosting the event in Singapore again. We look forward to welcoming delegates from all across Asia and beyond.”

Spotlight on: China and Indonesia

Among the many pressing topics, the forum will be tackling the regulatory challenges in China and Indonesia.

“Global trade is a very hot topic. Are we going to continue to face turmoil in the US-China or US-Japan relationships? We will discuss how this going to impact the supply chain as it will create additional trade barriers,” ​said Chairman of ACA, Alain Khaiat.

The forum will also shine a spotlight on cosmetics regulation in China with a presentation by Jason Chen of REACH24H Consultancy Group.

Khaiat added that the major changes to halal regulation in Indonesia, which will be in effect this October, will be in focus at the forum.

Professor Sukoso, head of Indonesia’s Halal Implementing Agency (BPJPH) will be speaking at the event to discuss what is at stake and how personal care companies can adapt to the changes.

Keeping up with trends

Aside from global trade, the event will cover the rapidly changing consumer trends in beauty and personal care and their impact on the business.

“Cosmetic products have to adapt to changing trends. Trends in retail channels – online, duty-free, as well as trends in their wants and aspirations,” ​said Khaiat.

The session on market trends will cover hot topics such as sustainability and the rise of the travel retail channel.

Speakers include David Pang from Shiseido Travel Retail Asia Pacific and Caroline Moussou dit Bourdallé, global sustainability manager of IFF.

In addition, the event will also focus on the e-commerce business in the region and the potentials it has to continue driving the growth of ASEAN’s cosmetics industry, with speakers from Facebook and Lazada Group.

A good cause

Organised by ASEAN Cosmetics Association (ACA), the event will take place on 24 July in the Four Seasons Hotel Singapore and will feature keynote speakers from IFF, Lazada Group and Shiseido Travel Retail Asia Pacific.

Khaiat said: “The ACA Leaders’ Forum is always a great way to network with other major industry players and with regulators. I think that all attendees will be amazed by the quality of the presenters, the content, the networking opportunities and the quality of the panel discussions.”

Aside from exploring the impact of the global developments on Asia’s cosmetics industry, the ACA will also be contributing to a good cause.

“This year, the Forum will be donating part of the proceeds to SingHealth-DUKE research program on Asian women breast diseases. Participating to the forum is a great way to contribute,” ​said Khaiat.

 

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