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A Brief Analysis on the Impact of COVID-19on China’s Cosmetics Industry

         

摘要

cqvip:At the outset of 2020,an infectious disease called COVID-19 shocked China in a very short time.As for thousands of insiders in China’s cosmetics industry,it must be an unforgettable beginning when quarantine was everywhere,along with the shut-down of shops,stagnation of transportation and logistics,as well as the increasing depletion of cash flow.It put the entire Chinese cosmetics industry into danger.In terms of the Chinese stock market,it opened as a“meltdown”on February 3rd.All listed cosmetics companies hit“limit down”just like 3,000 stocks countrywide.That how the capital market and shareholders reacted this time.A larger number of insiders were thinking in calmness.What kind of effect and change will this disease bring to cosmetics industry?Will online channel become the major channel for consumers purchasing cosmetics?How will online bricks-andmortar channels entice consumers to keep buying?Will the rapid growth of foreign-invested cosmetics brands be terminated?Will the market share of domestic cosmetics brands expand?There are also other questions to be proposed.

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