This September, the Sustainable Cosmetics Summit was held in Sao Paolo, Brazil. Over the course of the conference, industry leaders discussed sustainability issues in the cosmetic and personal care trade.
Amarjit Sahota, the founder of Organic Monitor, sat down with Simon Pitman of Cosmetics Design to discuss the most important issues surrounding the three-day event. Sahota suggested that while many Brazilian companies, including Natura, are taking the opportunity to invest in green initiatives, the Brazilian cosmetics market has recently been hit by a “triple whammy” of challenges.
Sahota noted that sales for the Brazilian cosmetics industry have declined 15 to 17 per cent this year, which is a “direct result” of the decline in the purchasing power of Brazilian consumers, the high cost for imported products and the new Brazilian cosmetics tax.
To see the full interview, click here.
