A new world of digitalization in the beauty industry
Posted by Chase Anderson on
Brands have been compelled to innovate using digital experiences and online communities.
Although it is not a new idea, digital transformation has come to the forefront for beauty brands. The pandemic had a negative impact on physical shopping experiences, making tech-based business strategies more crucial than ever.
Brands in the cosmetic industry have been compelled to rethink their marketing strategies as well as how they connect, sell, and communicate with customers. According to a recent Mintel study, the majority of cosmetics shoppers utilize apps, internet resources, and reviews when shopping in-store. Younger generations are particularly dependent on digital channels: more than half of consumers between the ages of 16 and 34 are more inclined to purchase products from companies that offer engaging online material than from those who don't.
These experiences are designed to correspond with trends like personalization and AI-based solutions and support new sales and marketing strategies affected by pandemic constraints. Modern gadgets like this makeup and skincare dispenser are a breakthrough in beauty technology because they meet consumers' demand for smart personalization.
More projects are being undertaken in fields like connected packaging, the use of artificial intelligence in product development, or the creation of new digital platforms like social media sites or marketplaces. This will produce a generation of goods and services that are more creative. Strongly committed brands will be at a competitive advantage over brands that enter the market later.
Trust and transparency are more crucial than ever. This community has been shaped by "skinfluencers," social media content creators who are thought leaders in their respective fields. These individuals range from dermatologists and make-up artists to average people with large followings, and they evaluate and examine not only formulas and active ingredients but also brands' sustainability claims and core ethical principles.
Beauty companies are engaging in more complicated virtual interactions in addition to the traditional e-commerce strategy due to health and safety regulations in physical stores. Utilizing VR/AR try-outs, virtual skincare consultations, and immersive experiences like these creative beauty brand collaborations with the videogame Animal Crossing, the objective is to increase online engagement and a more authentic brand experience.