INTRODUCTION Personal Care Products is a term used for a wide range of items typically found in health and beauty departments. Examples can include makeup, perfumes or antiperspirants. The sale of Personal Care Products is at a steady increase with an estimated Compound Annual Growth Rate (CAGR) of 6.5% between 2021-2025. In 2021 alone, revenue is expected to hit $35 million. There is an increasing demand for logistics services to accommodate growth in the personal care industry. Most Person...
Case Study: Investment in New Packaging and Labeling Equipment Responds to Client Demand for Gummy Vitamins Introduction: Gummy multivitamins were originally marketed towards children. Recently they gained popularity among an adult demographic as a simpler alternative to OTC (over-the-counter) supplements. According to market research firm Fact.MR, adults now account for 60% of gummy vitamin consumption. This trend is expected to continue, with a CAGR (compound annual growth rate) of 6.5% reachi...