Week 5 Collaborative Work
Learning Activity 1: Product Line & Location to Source Organic Ingredients
Initial launch products should be what was listed in the Biotech company profile. After looking for information on which products are used the most by consumers, lipstick, foundation, powder, eye makeup, and cleaners. According to a list produced in 2018, consumers typically use these main products everyday (Sara – Albion College, 2018).
Looking forward, L’Oreal is the leader in sales and innovation in the market and their topproducts are as mentioned before. The market is expected to gain $445 billion by 2022 and $13.4 billion in the all-natural spectrum (Sorvino, 2017). Other companies in the industry are marketing to the new trend of all-natural products.
Biotech should purchase from suppliers in Japan and its surrounding countries
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