Taking a good look at the beauty industry

Understand the dynamics

Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   AN ARTICLE A DAY, PICKED BY OUR EDITORS The beauty industry had a challenging year, with 2020 sales of color cosmetics down by 33 percent globally; overall retail sales in the category declined by 15 percent. But a beauty boom could be coming down the pike, as some regions emerge from the worst of the pandemic’s effects. Are you ready for the Roaring ’20s? Get smart on what’s ahead with the latest from the McKinsey on Consumer and Retail podcast, diving deeper on trends for the industry such as digital experimentation, sustainability, inclusivity, and more. — Torea Frey, managing editor, Seattle Taking a good look at the beauty industry After a challenging year, beauty brands are bouncing back. The most successful ones offer a distinctive omnichannel customer experience while prioritizing sustainability and inclusivity. Understand the dynamics   Quote of the Day “I believe that mindfulness—and the pursuit of mindfulness—will become an essential aspect of how we live our lives. There’s a risk of overcommercialization of mindfulness, frankly, and a risk of it becoming a bit of a gimmick.” —McKinsey senior partner Manish Chopra, in “Wellness in 2030” Chart of the Day See today's chart   Also New Overcoming stigma: Three strategies toward better mental health in the workplace Employees are worried about their mental health as they return to the workplace after the COVID-19 pandemic. Stigma can exacerbate their concerns, but employers can thwart its impact. 3 strategies that help   Prediction at scale: How industry can get more value out of maintenance Machines can now tell you when they aren't feeling well. The challenge for today's industrial players lies in applying advanced predictive-maintenance technologies across the full scope of their operations. 5 golden rules   The future of healthcare in Asia: Digital health ecosystems Asia is paving the way for digital health ecosystems, and potential ecosystem orchestrators can generate value by taking bold, strategic actions. Questions to address   The Daily Read An article a day, picked by our editors Subscribe Subscribe to McKinsey’s new Daily Read newsletter to get our editors’ pick of one must-read article each weekday—and why it shouldn’t be missed. Follow our thinking Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to our Consumer & Retail alert list. Manage subscriptions | Unsubscribe Copyright © 2021 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007