Industry Knowledge

1. Core Question: Who Pays? It depends on the Incoterms (trade terms) you agree with the factory. For most cases (FOB/CIF/DAP): Only when using DDP (Delivered Duty Paid) terms will the factory (MS Makeup) cover these costs. You (the brand/buyer) pay customs duty, import VAT, and clearance fees. 2. Key Terms (Simplified) Customs Duty: Tax on imported goods (based on product value/quantity). Import VAT:...

The turnover of the global cosmetics industry exceeds half a trillion dollars. What if they want to start a successful cosmetics business? What does it take to succeed as an executive in a large cosmetics brand?It is a great honor to interview some leaders who have successfully launched cosmetics business or executives of large cosmetics brands. We also did our best to absorb the...

Like bath bombs and soaps, lip balm is an easy thing to make with the tools you already have in your home. Simple formulations using beeswax and natural oils require little more than a heat source to assemble. You don’t need fancy equipment, but you should ensure that your setup still meets the standards of the industry and follows local regulations for home production....