How COVID-19 Is Affecting the Beauty Industry in China
Mar 05, 2020
The outbreak of COVID-19 has impacted almost all sectors in China, including the beauty industry.
There will be an inevitable delay in the implementation of China's new overarching cosmetic regulation (CSAR).
There are also new requirements on the submission of hardcopy versions of filing and registration dossiers and delays in customs clearance.
The market is suffering from both demand and supply side stresses, with almost all links in the supply chain and associated value chain heavily disrupted.
China State Council passed the CSAR during its executive meeting on January 3, 2020. The final CSAR was expected to be released soon after the Chinese New Year. With NMPAs capacities already occupied and the cosmetic sector reeling from the negative impact of the virus on demand for cosmetics, it is highly unlikely that CSAR will be implemented until several weeks after the outbreak is resolved in China .
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