Monthly Archives: August 2022

In the run-up tothe inaugural RIA IntelAwards in September, RIA Intel will publish Q&As and other short features highlighting the accomplishments of this yearsnominees and Rising Stars.

There are plenty of things that have slowed down in the wake of the pandemic, but spending money on tattoos isnt one of them.

Many artists I talk to are booked out for months, says Colton Etherton, who established his own RIA, Out of the Office Planning, a business that focuses entirely on tattoo artists and is based in Beaverton, Oregon with $1.9 million in assets under management. You would think its something people would forgo, but that hasnt been the case so far.

While business is currently booming for his clients, Etherton says that they never know what tomorrow will bring. Its those unknowns, says the father of two, that he loves to work with.

[Tattoo artists] really have control over their income because they can control how much theyre working, says Etherton, who helps his roughly ten clients with everything from their taxes to cash flow and retirement. It provides more flexibility for planning with the typical employee, its like, Okay, you have your 401k."

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Before he founded Out of the Office Planning, Etherton worked at Johnstone Financial Advisors, a Beaverton, Oregon-based wealth management firm, where he typically dealt with older clients who were approaching retirement age.

But now, he says, he finds excitement working with younger adults. You can make quite a big impact when you help them look at their finances over the long term, he explains.

Etherton is often helping them plan for the next twenty or thirty years and retirement isnt always their goal. Its more about financial independence, he says. A lot of my clients love tattooing, so they dont really see themselves stopping, like most people do in their regular jobs.

Along with planning where they want to be decades from now, these clients are often concerned with the financial planning that goes into opening their own shop, or perhaps taking time off to travel. For Etherton, near-term goals like these help make his job more rewarding.

Those kinds of opportunities are fun to plan around, he says.

The inaugural RIA Intel Awards is a celebration of financial advisors, wealth management firms, and industry leaders. Results will be revealed at a gala dinner and ceremony at the Metropolitan Club of New York, September 14, 2022.

Click here to sponsor or register for the event.

Caitlin Keating (@Caitkeating) is a freelancer at RIA Intel and based in New York City.

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At Out of the Office Planning, One Niche Business Takes Center Stage - RIAIntel.com

Some of the biggest disruptors in the tech economy - after transforming the way America does business - are now turning to a very old idea: a trade organization.

And Birminghams Shipt is one of its founding members.

Back in March, some of the heavy hitters in the app economy formed Flex, an organization advocating for workers, consumers, businesses, and other sectors of the app-based economy. Along with Shipt, other member companies include DoorDash, Gopuff, Grubhub, HopSkipDrive, Instacart, Lyft, Shipt, and Uber.

The leaders of Flex - CEO Kristin Sharp, and Board Chairman Steve Benjamin - were in Birmingham this week to meet with Shipt officials and shoppers. They came away with some definite impressions.

For Sharp, a policy figure with a background in technology, innovation, and national security, her main takeaway was enthusiasm.

People want control over when, where and how they work, Sharp said. But we are seeing how it impacts peoples lives.

That means conversations with Shipt shoppers who work around education schedules for their special needs children, or watch over parents with health conditions, or want more self-determination, she said.

Benjamin, the former mayor of Columbia, S.C., said one focus of Flex is maintaining independent work for shoppers, Uber drivers, and DoorDash deliverers. That includes people like three Shipt shoppers he came in contact with in Birmingham.

We spent time with some Shipt shoppers and met some really cool people, he said. That was probably the most enjoyable part of the day, just hearing from three ladies who are fundamentally entrepreneurs, who believe in hard work, in financial independence, but feel very strongly about flexible work.

The COVID-19 pandemic, with its emphasis on social distancing, prompted an explosion in platforms like Shipt. Flex represents roughly 52 million workers and a sector of the economy contributing about $348 billion a year. But more than that, Sharp said, the mass layoffs of the COVID lockdown drove many to seek work among the app-based firms.

That kind of flexibility, weve heard from our shoppers, is really something that people want to continue doing, even as the threat of the pandemic is dissipating a bit, Sharp said.

One of Flexs aims is preserving the legal classification of app-based workers as independent contractors, rather than employees. According to Flex, app-based workers spend about eight hours a week on average using their platforms for work.

The new cry, quite frankly, is people want flexible work, Benjamin said. They want the autonomy to set their own financial futures in these platforms. Shipt is in the lead of creating some amazing opportunities for men and women across Alabama who feel very strongly about creating their own economic futures for their families.

This post was modified at 1:55 p.m. CST July 28 to correct the city where Steve Benjamin served as mayor.

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What is the future of app-based work? Shipt is having a say in it - AL.com

DUBLIN--(BUSINESS WIRE)--The "Direct Selling Establishments Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

The global direct selling establishments market is expected to grow from $449.79 billion in 2021 to $466.73 billion in 2022 at a compound annual growth rate (CAGR) of 3.8%. The market is expected to grow to $510.39 billion in 2026 at a compound annual growth rate (CAGR) of 2.3%.

Major players in the direct selling establishments market are Herbalife, Amway, Mary Kay Inc., Infinitus, Tupperware, Vorwerk, Natura, JoyMain, DXN, and Belcorp.

The direct selling establishments market consists of sales goods and services by entities (organizations, sole traders, and partnerships) that are engaged in non-store retailing of merchandise except e-commerce, mail-order, and vending machine sales. The entities operating in this industry go to the customer's location rather than the customer coming to them, such as door-to-door sales.

This includes home delivery of the newspaper, home delivery of heating oil, liquefied petroleum (LP) gas, and other fuels, locker meat provisions, frozen food and freezer meal plan providers, coffee-break supplies providers, and bottled water or water softener services. Only goods and services traded between entities or sold to end consumers are included.

The main types of direct selling establishments are single-level marketing and multi-level marketing. Single-level marketing refers to direct sales carried out by sales associates. The various products include wellness, services, home, and family care, personal care, clothing and accessories, leisure and education, and other products having the price range of premium, mid-range, and economy.

Asia Pacific was the largest region in the direct selling establishments market in 2021. North America was the second-largest region in the direct selling establishments market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The need for additional income opportunities in developing and underdeveloped countries has been a driving factor in the direct selling establishments market. According to The Associated Chambers of Commerce and Industry of India (Assocham), the direct selling industry reached $2169 million by 2021 in India.

Direct selling could be a viable income source, even if someone wants to do it part-time. Direct selling in long term promotes self-employment and financial independence. ASSOCHAM paper also reveals the average sale of each participant in India is about $300 per year. The need for additional income opportunities is expected to drive the direct selling establishments market during the forecast period.

Increased demand for online shopping restrains the market for direct selling establishments. E-commerce platforms offer more discounts on products compared to direct selling encouraging consumers to switch from direct selling establishments to online shopping portals.

Direct selling platforms are now changing the business model so that they can survive in the market. For instance, in India, direct selling platforms such as Amway, Oriflame, and Tupperware started selling products through e-commerce portals such as Flipkart, Snapdeal, eBay, and Amazon which is a disruption in the direct-sales business model.

Few companies such as Hindustan Unilever have closed its direct-to-home model, HUL Network, and re-launched its Aviance beauty products and Ayush remedies on Amazon. According to Oberlo, by 2024, global online sales are expected to reach $6.4 trillion and this is reducing the revenue of most direct selling organizations.

Artificial Intelligence (AI) in a direct selling business is an emerging trend shaping the direct selling establishments market. AI in direct selling business is used to collect and analyze data about the customer, delivers highly intelligent automated customer service, and also helps to predict the re-stocking volume for product inventories.

For example, AI helps in personalized email marketing which is helpful for product recommendations and drip campaigns using the past behavioral data of the user. Chatbots are available at all hours and help in generating new leads and assisting customer service. For instance, Ventaforce is AI-powered direct selling software that simplifies product categorization, lowers the risk of downtimes or failures, and increases savings from operations.

The countries covered in the direct selling establishments market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

Companies Featured

Key Topics Covered:

1. Executive Summary

2. Direct Selling Establishments Market Characteristics

3. Direct Selling Establishments Market Trends And Strategies

4. Impact Of COVID-19 On Direct Selling Establishments

5. Direct Selling Establishments Market Size And Growth

5.1. Global Direct Selling Establishments Historic Market, 2016-2021, $ Billion

5.1.1. Drivers Of The Market

5.1.2. Restraints On The Market

5.2. Global Direct Selling Establishments Forecast Market, 2021-2026F, 2031F, $ Billion

5.2.1. Drivers Of The Market

5.2.2. Restraints On the Market

6. Direct Selling Establishments Market Segmentation

6.1. Global Direct Selling Establishments Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

6.2. Global Direct Selling Establishments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

6.3. Global Direct Selling Establishments Market, Segmentation By Price Range, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

7. Direct Selling Establishments Market Regional And Country Analysis

7.1. Global Direct Selling Establishments Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

7.2. Global Direct Selling Establishments Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/g159ln

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Direct Selling Establishments Global Markets Report 2022: Focus on Wellness, Services, Home and Family Care, Personal Care, Clothing &...

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Global Cosmetic Preservatives Market

Global Cosmetic Preservatives Market

Dublin, Aug. 01, 2022 (GLOBE NEWSWIRE) -- The "Global Cosmetic Preservatives Market by Type (Paraben Esters, Formaldehyde Donors, Phenol Derivatives, Alcohols, Inorganics, Quaternary Compounds, Organic Acids & Their Salts), Application and Region (North America, Europe, APAC, RoW) - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The cosmetic preservatives market is estimated to be USD 410 million in 2022 and is projected to reach USD 562 million by 2027, at a CAGR of 6.5% between 2022 and 2027.

Increase in female working population will support the growth of cosmetic preservatives market

There is an increase in participation of women in workforces globally. According to Statista, India accounted for a total 36% share of the female population working in organized sectors in 2021. According to a report from the European Union Commission, the population of working women accounted for a 66.2% share in 2020. According to the Bureau of Labor Statistics, the share of the population of working women in the US in 2020 was approximately 56.2%. The increase in the working population of women enables financial independence, allowing them to make their own decisions.

Globally, women are the major consumers of cosmetic products. Therefore, financial independence is expected to boost the consumption of cosmetics and skin care products, thereby increasing the consumption of cosmetic preservatives.

Stringent regulatory norms

Cosmetic products contain a range of ingredients. These ingredients cover cosmetic preservatives, cleansing agents, and unique fragrances. Regulatory bodies are continuously taking initiatives to prohibit or limit the use of ingredients that cause health issues. Stringent rules and regulations have been implemented by governments regarding the disclosure of product ingredients utilized in the manufacture of products.

The Food and Drug Administration (FDA) of the US provides the legal framework and guidelines for the usage and prohibition of particular preservatives. The Federal Food, Drug, and Cosmetic Act (FFDCA) passed by the FDA regulates the usage of cosmetic preservatives in cosmetic products in the US. In India, the Central Drugs Standard Control Organisation (CDSCO) regulates the usage of preservative products in India. The Drugs and Cosmetics Act (1940) and rules (1945) and the Bureau of Indian Standards implement the laws and regulations for the manufacture of cosmetic products and preservatives.Increasing focus on male-specific cosmetics

It is a general belief that appearance and presentation matter. People are inclined to use products that make them look good. There is a significant demand for male-specific cosmetics ranging from moisturizers to anti-agers to mud masks. Numerous problems are faced by younger males in general related to oily skin, acne, hair fall, and wrinkles, among others. All these problems can be overcome with awareness about and the use of the proper cosmetics. Manufacturing companies, thus, have lucrative opportunities for the development of products specifically targeting the male segment.

Increasing awareness about the usage of cosmetic products among men offers major opportunities for cosmetic product manufacturers targeting individual issues faced by men. This opportunity widens the market share and helps penetrate the newer application segments of cosmetic products. This, in turn, increases the growth of the cosmetic preservatives market.

High prices of organic and natural cosmetic preservatives

The high costs of organic and natural cosmetic preservatives which are in demand from the market is a significant challenge. Organic preservatives are preferred over traditional preservatives such as parabens, formaldehyde donors, and others by manufacturers of personal care products. Organic or natural preservatives are preferred as they do not lead to skin problems. Costs of preservatives increased post the pandemic due to the shortages in the supply of high-quality products. Though there is high demand for natural and organic cosmetic preservatives, the high costs of preservatives pose a challenge for cosmetic manufacturers. The market for organic and natural cosmetic preservatives is expected to grow at a significant pace in the European and North American markets.Asia Pacific region is expected to grow with the highest CAGR during the forecast period

Asia Pacific is the fastest-growing market for cosmetic preservatives globally. Improved lifestyles, increasing cost of living, increasing population, and high economic growth of emerging economies such as China, Thailand, Indonesia, and India will led to the growth of the cosmetic preservatives market in the Asia Pacific. The increasing population and availability of affordable products will be primarily responsible for the high demand in the region. Increasing awareness among the population about the effects of the environment on skin and hair is another factor leading to high demand of the cosmetic preservatives during the forecast period.

Story continues

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights4.1 Attractive Opportunities for Players in Cosmetic Preservatives Market4.2 Cosmetic Preservatives Market, by Type4.3 Cosmetic Preservatives Market, by Application4.4 Cosmetic Preservatives Market, by Key Countries

5 Market Overview5.1 Introduction5.2 Market Segmentation5.2.1 By Type5.2.2 By Application5.2.3 By Region5.3 Market Dynamics5.3.1 Drivers5.3.1.1 Increase in Purchasing Power of Consumers5.3.1.2 Increase in Female Working Population5.3.1.3 Shelf-Life Enhancement5.3.2 Restraints5.3.2.1 High Cost of Organic Products5.3.2.2 Stringent Regulatory Norms5.3.2.3 Possibilities of Skin Infections5.3.3 Opportunities5.3.3.1 Increasing Demand in Asia-Pacific Region5.3.3.2 Rising Demand for Natural and Organic Preservatives in Cosmetics5.3.3.3 Increasing Focus on Male-Specific Cosmetics5.3.4 Challenges5.3.4.1 Paraben-Free Preservatives in Cosmetics5.3.4.2 High Price of Organic and Natural Cosmetic Preservatives5.4 Industry Trends5.5 Key Stakeholders & Buying Criteria5.5.1 Key Stakeholders in Buying Process5.5.2 Buying Criteria5.6 Supply Chain Analysis5.7 Ecosystem: Cosmetic Preservatives Market5.8 Value Chain Analysis5.9 Technology Analysis5.10 Pricing Analysis5.10.1 Average Selling Price of Key Players, by Application5.10.2 Trends in Average Selling Price5.11 Cosmetic Preservatives Market: Optimistic, Pessimistic, and Realistic Scenarios5.11.1 Optimistic Scenario5.11.2 Pessimistic Scenario5.11.3 Realistic Scenario5.12 Key Markets for Import/Export5.13 Impact of COVID-19 on Cosmetic Preservatives Market5.14 Patent Analysis5.15 Key Conferences & Events in 2022-20235.16 Tariff and Regulatory Landscape5.16.1 Regulatory Bodies, Government Agencies, and Other Organizations5.16.2 Regulations in Cosmetic Preservatives Market5.17 Case Study Analysis5.18 Trends and Disruptions Impacting Customers

6 Cosmetic Preservatives Market, by Type6.1 Introduction6.2 Paraben Esters6.2.1 Widely Used in High Water Content Cosmetic Products6.2.2 Paraben Esters: Cosmetic Preservatives Market, by Region6.3 Formaldehyde Donors6.3.1 Increased Lifespan of Water-Based Cosmetic Products6.3.2 Formaldehyde Donors: Cosmetic Preservatives Market, by Region6.4 Phenol Derivatives6.4.1 Effective Against Wide Range of Microbes6.4.2 Phenol Derivatives: Cosmetic Preservatives Market, by Region6.5 Alcohols6.5.1 Used due to Their Antiseptic Properties6.5.2 Alcohols: Cosmetic Preservatives Market, by Region6.6 Inorganics6.6.1 Effective in Protection from Uv Rays6.6.2 Inorganics: Cosmetic Preservatives Market, by Region6.7 Quaternary Compounds6.7.1 Prevent Reproduction of Microorganisms in Cosmetic Products6.7.2 Quaternary Compounds: Cosmetic Preservatives Market, by Region6.8 Organic Acids & Their Salts6.8.1 High Demand for Organic Cosmetic Products6.8.2 Organic Acids & Their Salts: Cosmetic Preservatives Market, by Region6.9 Other Types6.9.1 Other Types: Cosmetic Preservatives Market, by Region

7 Cosmetic Preservatives Market, by Application7.1 Introduction7.2 Lotions, Facemasks, Sunscreens, & Scrubs7.2.1 Largest Application Segment7.2.2 Lotions, Facemasks, Sunscreens, & Scrubs: Cosmetic Preservatives Market, by Region7.3 Shampoos & Conditioners7.3.1 High Water Content in Products Drives Demand for Preservatives7.3.2 Shampoos & Conditioners: Cosmetic Preservatives Market, by Region7.4 Soaps, Shower Cleansers, & Shaving Gels7.4.1 Increasing Awareness About Personal Grooming7.4.2 Soaps, Shower Cleansers, & Shaving Gels: Cosmetic Preservatives Market, by Region7.5 Face Powders & Powder Compacts7.5.1 Increasing Demand for Organic Preservatives7.5.2 Face Powders & Powder Compacts: Cosmetic Preservatives Market, by Region7.6 Mouthwashes & Toothpastes7.6.1 Rising Awareness About Oral Hygiene7.6.2 Mouthwashes & Toothpastes: Cosmetic Preservatives Market, by Region7.7 Other Applications7.7.1 Other Applications: Cosmetic Preservatives Market, by Region

8 Cosmetic Preservatives Market, by Region

9 Competitive Landscape9.1 Introduction9.2 Market Share Analysis9.3 Market Ranking9.4 Market Evaluation Framework9.5 Revenue Analysis of Top Market Players9.6 Company Evaluation Matrix9.6.1 Strength of Product Portfolio9.6.2 Business Strategy Excellence9.7 Company Evaluation Quadrant9.7.1 Stars9.7.2 Pervasive Players9.7.3 Participants9.7.4 Emerging Leaders9.7.5 Competitive Benchmarking of Key Startups/Smes9.8 Small and Medium-Sized Enterprises (Sme) Evaluation Matrix9.8.1 Progressive Companies9.8.2 Responsive Companies9.8.3 Dynamic Companies9.8.4 Starting Blocks

10 Company Profiles10.1 Key Companies10.1.1 Ashland Group Holdings Inc.10.1.2 Basf Se10.1.3 Akema S.R.L.10.1.4 Symrise Ag10.1.5 Clariant Ag10.1.6 Salicylates & Chemicals Pvt. Ltd10.1.7 Chemipol S.A.10.1.8 Evonik Industries Ag10.1.9 International Flavors & Fragrances Inc.10.1.10 Sharon Laboratories10.2 Other Players10.2.1 Brenntag Ag10.2.2 Thor Group Ltd.10.2.3 Dadia Chemical Industries10.2.4 Gujarat Organics Limited10.2.5 Isca UK Limited10.2.6 Lanxess10.2.7 Cisme Italy S.R.L10.2.8 Kumar Organic Products Limited10.2.9 Cobiosa10.2.10 Sachem Inc10.2.11 Ae Chemie Inc.10.2.12 Spectrum Chemical Mfg Corp.10.2.13 Struchem Co Ltd.10.2.14 Never Not Skincare10.2.15 The Dow Chemical Company

11 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/j1cnps

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Cosmetic Preservatives Market by Type, Application and Region - Global Forecast to 2027 - Yahoo Finance