A recent study by Grand View Research revealed that the market for global beauty products for skin is set to grow at an annual CAGR of 4.6% from 2022 to 2030.

The Global Skin Care Market

Demand for face creams, sunscreens, and body lotions have always been consistent across the world. However, in the coming years, the industry is expected to balloon giving e-commerce a much-needed boost.

During Covid-19, the beauty products industry suffered colossal losses as shops had to be shut down and strict lockdown measures prevented customers from trying new products. Experts estimate a 60-70% decrease in sales from March – April 2020 globally. In the US, personalized skin care and facial care products have gained traction as people become environmentally-conscious and aware of chemicals used in beauty products.

Concerned about skin disorders and malignancies that arise as a result of prolonged use of chemicals, customers are switching to products with natural ingredients. As of 2021, the female segment had the biggest market share at 60% but the male segment is projected to rise by a CAGR of 5% from 2022 to 2030. Growing awareness amongst men about hygiene and grooming has led many to trying out beauty products fueling an expansion of men’s skin care products. Demand for anti-ageing creams and sunscreens are set to grow substantially in the coming months.

The Hallyu Wave and K-beauty

It is no secret that Korean TV series and Korean pop culture, also known as K-pop, has fueled a craze for K-beauty products that shows no signs of slowing any time soon. South Korean beauty products, often called K-beauty products, have long been lauded for their high beauty standards and use of natural ingredients. It is no secret that Koreans follow a rigorous beauty regime complete with multiple skin care products.

As the market is constantly innovating and launching new products, there is no dearth of skin care items that fit one’s skin type and needs.

In 2021, the K-beauty product market was set to be worth $10.3 billion and is expected to more than double at $20.8 billion by 2026. It is set to grow at a CAGR of 11.3% between 2021 and 2026. South Korea was the fifth largest exporter of cosmetic products at $8.5 billion in 2021. Global brands have taken notice of changing trends and either bought a stake in Korean cosmetic companies or invested in one. These include brands like Estee Lauder, Unilever, NIVEA, and L’Oreal.  

Most K-beauty products are known for its use of unique and exotic ingredients, including but not limited to snail slime, bee venom, starfish extract, and pork collagen.  A lucrative industry, the Korean wave has turned K-beauty products into a lucrative industry with customers around the world. People have also been enticed by Korean skincare as it focuses on prevention, which makes it more effective than Western techniques.

K-beauty products also vary based on skin type and seasons. This customized approach is a big draw for customers with sensitive skin as they are able to find products that cater to their individual needs. Korean beauty products focus on treating and prepping the skin as a clean canvas for makeup.

A systematic skin care routine to achieve a natural glow is one of the basic goals for most women. The increased consumption of Korean skin care and beauty products have created a niche market for both men and women. Advertisements by popular Hallyu stars and tutorial videos by influencers have generated great interest amongst discerning customers, leading to the growth of K-beauty products.

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The new car on the block will be called the Dodge Charger Daytona SRT Concept – which sounds almost like an ode to its predecessors  and features new technologies but will drive, look, and feel like a Dodge. The company mentioned that it will retain all the characteristics of a classic Dodge, the only difference being that this is going to be a battery-electric vehicle (BEV).

The Dodge Challenger and Charger

Both cars have been in the market for over a decade and have been popular across generations. First made popular in the 1960s and 1970s, the cars were given a new lease of life when they were resurrected in the mid-2000s and introduced to a whole new generation.

Its retro-inspired styling and classic good looks evoke nostalgia about the glory years, making it one of the most profitable ventures for Dodge. Despite fierce competition from sedans and SUVs, the Dodge Challenger and Charger that were priced between low-$30,000s to nearly $90,000 for the Hellcat models, drove up the company’s fortunes.

In 2023, every Dodge Challenger and Charger will carry a “Last Call” placard under the hood signifying its final year of production. The cars are produced at Stellantis’ Brampton Assembly plant in Ontario, Canada.

The Dodge Daytona SRT Concept

During a media briefing, CEO Tim Kuniskis said of the Dodge Charger Daytona SRT Concept, “This car, we believe, will redefine American muscle.” For years, Kuniskis has warned that gas-powered vehicles will be driven off the road as governments step up regulations on emissions.

The brand-new EV will be powered by the 800V Banshee propulsion system and have illuminated Fratzog badges on the front grille and tail lamp.

The Dodge EV promises performance exceeding the SRT Hellcat engine and has PowerShot, a push-button horsepower booster. The concept car looks futuristic but manages to retain its muscular legacy. The Dodge Charger Daytona SRT Concept car also manages to give a nod to the historic Daytona name – as it was the first vehicle to break the 200mph barrier on a NASCAR track in 1970.

According to the company, its three “game-changing, patent-pending features” are the “R-Wing” wherein the front wing attains exceptional aerodynamic functionalities, while the “Fratzonic Chambered Exhaust” delivers a performance sound that rivals the Hellcat and is a first for an electric vehicle. The third feature is the “eRupt” which is credited with giving a multi-speed transmission with an electro-mechanical shifting experience that redefines the Dodge EV.

The Dodge EV’s interior will be lightweight and modern that is inspired by the 1968 Charger grille detail. The center console includes “a unique jet-fighter-inspired cap that flips up to allow engagement of the start button and a pistol-grip shifter design.” With a panoramic glass roof, the concept car will give occupants an open-air experience like no other in the lap of luxury.

The electric vehicle has buttons to change drive modes to Auto, Sport, Track, and Drag and with a “carbon fiber tub floor” it should be ready for all kinds of driving. The change in modes also results in a change in driving dynamics, interior lighting, and display graphics. Its interior is designed for comfort as rear seats fold flat to make use of the rear hatch and it also has a 12.3-inch touchscreen that is angled 10 degrees towards the driver.

The pricing and charging range for the Dodge EV is currently unavailable and the company did not make any statement on either.

The post The Dodge EV Zooms Past The Challenger and Charger appeared first on Industry Leaders Magazine.

As part of the launch campaign, Vinay Shahani, vice president of Lexus marketing, spoke about the legacy that the LX has symbolized for over 25 years. He stated, “With the all-new LX 600, our flagship luxury SUV, we built on that legacy by offering uncompromising performance, thoughtful design, and human-centered technology that our guests need to tackle life’s big moments.

The 2022 Lexus LX 600 is an improvement over the earlier 570 model, and the company promises that it is better than all those that came before. The fourth-generation LX is approximately the same size as its predecessor.

The Lexus LX 600 New Model 2022 Specs

In a written statement, the company mentioned that “for the LX 600, there is no stage too big, no moment too challenging, and no test too demanding.” Its promotional campaign has been created by Team One and focuses on how the 2022 Lexus LX 600 can be a part of every momentous moment in your life.

Engine

The 2022 Lexus LX 600 engine is a V6 twin-turbo engine, which is comparatively smaller but fuel efficient. The 3.5-liter V6 twin-turbo gasoline engine produces an output of 409 hp (415 PS) and maximum 479 lb.-ft. of torque. It also maintains a maximum torque in a wide range up to about 3,600 rpm. This makes it the perfect partner for off-road driving. It also has better fuel economy and a higher towing capacity. The company claims that the Lexus LX 600 New Model 2022 can achieve a top track speed of 130 mph.

The Lexus LX 600 new model 2022 has four-cam, four valves per cylinder, which allows for better airflow, with dual Variable Valve Timing with intelligence and Electronic intake valve timing (VVT-iE). It has been certified as an ultra-low emission vehicle (ULEV).

Brakes and Systems

The top of the class four-channel Multi-terrain Anti-lock Braking System (ABS) has power-assisted discs with four-sensors, Electronic Brakeforce Distribution (EBD), and four-piston front calipers. The 2022 Lexus LX 600 boasts of 20-inch alloy wheels with machined finish and 265/55R20 tires. The Electronic Power Steering (EPS) ensures that whenever you step out, your ride is as smooth as a breeze.

The Trailer Sway Control feature helps detect and prevent excessive trailer movement, which translates to a smooth ride over bumpy, windy terrains. In case the landscape is varied, the SUV also offers the Multi-Terrain Select feature that enhances its off-road capability and helps the driver exercise greater control.

Interiors

The 2022 Lexus LX 600 interior is race-inspired and designed with one’s highest comfort in mind. It has thematic ambient illumination with pre-selected themes like rainforest, waterfall, and sunset. The company also claims that its superior interior design utilizes “NASA research on neutral body posture in certain zero-G applications”. The rear captain’s chairs have been thoughtfully crafted to provide the ultimate in comfort. They can be reclined up to 48-degrees and are designed to hold passengers in their most relaxed state.

Prices and Availability

The biggest difference in comparison to older models while considering the Lexus LX 600 redesign 2022 is its overall weight. The revamped version is nearly 400 pounds lighter. Prices start at nearly $90,000 and go up to $1,28,000 for some of the more premium models.

The flagship SUV was first unveiled in October 2021. The Lexus LX 600 release date is April 11 2022, wherein they launched the promotional campaign with the tagline –  Empower Your Presence.

If you’re on the lookout for a luxury vehicle that provides good fuel economy and has reduced its carbon emissions, you must give the 2022 Lexus LX 600 a go.

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The Honda HR-V 2022 sports a squarer, boxier design reminiscent of the first-generation HR-V model. However, subtle changes to the exterior lend the car a sleek modern look that is quite distinguished. The hexagonal grille and the newly designed headlights make the new HR-V model stand out from the crowd. We also love the 18-inch alloy wheels and the new color, premium sunlight white. 

Honda did a great job of packaging the fuel tank so that there is some extra space in the cabin, which makes it feel more spacious than the previous versions. The Honda HR-V 2022 also comes with what the company calls “magic seats” — a feature found in the Honda Jazz. The magic seats allow you to have extra space when you are not using the back seats, and you also have a large storage area. 

However, the boot space is quite small when you are using the back seats. Even for a compact SUV, the boot space on the new Honda HR-V 2022 is small. 

We also loved the Honda HR-V interior, with a giant nine-inch touchscreen control panel stealing the show. The dash has a modern yet old-school look as Honda has decided to go with a mix of touchscreen and analog control dials. 

If you want a splash of color, you can go with the Advance Style model, which has a more vibrant orange detailing and lighter upholstery, making the Honda HR-V interior pop. 

What’s powering the new Honda HR-V 2022?

The new Honda HR-V 2022 comes with a similar setup as the Jazz. With some modifications, the ‘e-Hev’ system powers this sleek and compact SUV. The engine can produce a peak power of 131 hp and a torque of 253 Nm. The battery pack has also been upgraded to a higher capacity to add to the range in the EV mode. 

The biggest selling point of any hybrid car is fuel efficiency, and the HR-V does quite well on that front. Under different road conditions, you can expect the vehicle to achieve around 50 miles per gallon. 

The new HR-V 2022 is a comfort-focused SUV model and is not going after raw power. However, the car still feels quite punchy and achieves 0-60 mph in about 10.6 seconds, which is not bad for a hybrid. 

The ride in the new HR-V model is comfortable, thanks to the 18-inch alloy wheels. 

Honda HR-V 2022 price

The starting price of the base model, the Elegance version, is $21,870. The car is also available in the fully loaded, more expensive model, the Advanced Style, and it will cost you $28,170 in the US. 

Is the Honda HR-V a practical car?

Practicality is of great value in the compact SUV market, and the new HR-V model is great in this aspect. The car is very spacious and comfortable as a family wagon. The only thing that we were a bit disappointed about was the amount of storage space. We feel Honda could have done a better job optimizing the trunk in this model. Many other competing cars have significantly larger boot spaces in this segment. 

Should you buy one? 

Honda is a very trusted name in the auto industry, with a number of their vehicles featuring in the best car lists of all time. The new HR-V is no exception. It is a great overall car with some good features. If you are looking for a spacious hybrid and a compact SUV, you can’t go wrong with this one.  

The post Review: Honda HR-V 2022 Plays it Safe appeared first on Industry Leaders Magazine.

The market has changed when compared to the previous year, and there are many investment options that come with IPOs of 2022. The year 2021 was the best year for IPOs so far, mainly because initial offerings reached around $594 billion, which is a new record. In 2021, more than 3000 companies went public and a collective valuation of these businesses was $2.7 trillion. 

However, things have changed now when many conditions play an important role in the overall investment habits. There are many fluctuations in the market and the situation in the world is not secure. We have the Russia-Ukraine war, supply chain obstacles, shortage of commodities, and an energy crisis.

All these elements contribute to unstable markets and that is why business owners and investors need to examine each step when they invest and make business moves. 

How does IPO news affect the investments?

The news in the world and many challenges in the market have led to the situation where people are not sure if they should invest in IPOs. We expect to see lower trading and this is something that concerns investors. The likelihood of IPO activity will be lower this year when compared to 2021. 

However, we will see the activities that will change the overall market for the better. Below, you can see what companies have the biggest expected valuation and how you should invest in these upcoming IPOs of 2022.

1. Stripe IPO

The potential valuation of Stripe IPO is $95 billion. This is an Irish-American company that is led by two brothers and entrepreneurs, John and Patrick Collison. The company provides SaaS payment solutions for mobile applications and e-commerce websites. 

The company had good standings in the pandemic years, and it continues to make progress. Stripe is partnering with Shopify Inc. and Apple Inc. when it comes to payment solutions. There is also a crypto universe where the company is developing financial solutions to make crypto trading smoother and easier.

2. Instacart IPO

The potential valuation of this upcoming IPO of the year is $39 billion. Instacart is a company from California and is a retail company that specializes in grocery retail and delivery services. It serves customers in the United States and Canada. There is a mobile application and a website where customers can order products from more than 700 retailers. 

Instacart is a widely discussed IPO of 2022. The company has not officially filed for an IPO, but it may happen in 2022. 

3. Databricks IPO

The potential valuation of Databricks is $38 billion. This is an American company that specializes in data engineering, and data science, and it operates as a data warehouse. The solutions of this company are adopted by more than 7000 companies around the globe and 40% of Fortune 500 companies use the services of Databricks. 

The IPO is rumored to happen in 2022. This will be a huge step forward for the company that already has many investors and service users. 

4. Discord IPO

Discord offers a digital platform that is used for communication, voice and video calls and private messaging. The company serves the channels where people can exchange information, communicate, and play. It is supported by iOS, Windows, PlayStation, and Xbox. As of 2021, the service has more than 150 million active users. 

Discord is expected to go public by mid-2022. 

5. Reddit IPO

Reddit is a company based in California and it offers a social platform where users can discuss many subjects. The community discusses politics, sports, finances, fitness, and many other subjects. The Reddit IPO is one of the most anticipated 2022 IPOs, and it has a valuation of $15 billion. 

The post A Look at the Upcoming IPOs of 2022 appeared first on Industry Leaders Magazine.

Bain Capital said Thursday after market closing that it is expected to be in a position to submit a formal proposal to Toshiba “relatively soon,” according to sources close to the matter. The US private equity has received indications of support for a potential deal from the company’s largest shareholders.

Toshiba’s top shareholder, Singapore-based Effissimo Capital Management, said in a filing on Thursday that it had agreed to sell its 9.9% stake to Bain if the U.S. private equity firm launched a tender offer.

How likely is the Bain Capital bid to succeed?

Effissimo Capital Management is the only shareholder to publicly pledge to tender its stocks to Bain Capital. The fact that Bain’s offer would not come as a surprise to Toshiba executives and board members, according to sources close to the business, contrasts with a surprise preliminary approach made by rival private equity firm CVC last April, which led to the departure of then-CEO Nobuaki Kurumatani. Bain has spoken to other significant shareholders about their expected reaction to a takeover offer and has begun conversations with Japanese investors who may become part of a buyout consortium and iron out regulatory worries about Toshiba being completely foreign-owned.

According to sources, Toshiba is garnering interest from other global private equity firms to take it private. The agreement between Bain Capital and Effissimo Capital Management would not prevent them from making buyout offers, Toshiba said in a statement on Friday. 

For the past year, Toshiba shareholders have been speculating about a buyout deal that would be Japan’s largest ever and a watershed moment for private equity’s entry into the world’s third-largest economy. Many argue that the corporation is worth far more than $20 billion. The decision by Toshiba’s largest shareholder, Effissimo Capital Management, to back Bain Capital puts substantial pressure on the Japanese conglomerate to actively pursue takeover bids from private equity-led consortiums and find a way out of an increasingly tense relationship with shareholders.

What’s next for Toshiba?

The agreement between Bain Capital and Effissimo Capital Management forbids the latter from selling its stock to other possible bidders, posing substantial challenges for KKR, Blackstone, and other private equity firms interested in acquiring Toshiba.

Toshiba’s shareholders rejected the company’s proposal to divide itself in two last week, in a rare showdown and a momentous step for corporate Japan. They also rejected a suggestion from a key shareholder to resume negotiations on a prospective acquisition.

Regardless of the decision, senior Toshiba executives interpreted the vote as a clear message that if the firm did not open itself up to negotiations with possible suitors, it risked permanent gridlock and long-term harm to its competitiveness, according to insider sources familiar with the matter.

Bain Capital stated in a statement that no decision had been made on a bid for Toshiba and that “we recognize that there are many challenges to solve.” The group will meet with Toshiba executives, the Japanese government, banks, and other stakeholders, according to the statement.

Toshiba stated that it was not involved in the Effissimo-Bain agreement, but that it would “make best efforts to build trust with shareholders and reconsider its strategic options to enhance corporate value continuously.”

The post Bain Capital Bid Boosts Toshiba Shares appeared first on Industry Leaders Magazine.

The Global Leaders Group on Antimicrobial Resistance was established in November 2020 and consists of heads of state, government ministers, and members of the private sector and civil society. 

How are antimicrobials polluting the environment?

Antimicrobials are routinely administered to humans, animals, and plants to treat various microbial diseases. Unfortunately, the mismanagement of these powerful medicines has led to their accumulation in the environment via wastewater and sewage. As the antimicrobials pollute the environment, they facilitate the development of drug-resistant microbes that are exponentially more difficult to eradicate.

The world has seen an unprecedented rise in the so-called ‘superbugs’ partly because of the increasing antimicrobial resistance among microbes due to global pollution and an ineffective waste management system. Apart from generating antimicrobial-resistant pathogens, the antimicrobials in the environment can also cause harm to other life forms as well, negatively impacting the ecosystem. 

Reducing antimicrobial pollution is crucial for ensuring the effectiveness of antimicrobials 

Global Leaders Group on Antimicrobial Resistance has urged the participating countries to take steps to check the global pollution due to antimicrobials. The group encouraged countries to monitor the distribution and release of antimicrobials in the environment and take steps to prevent it as much as possible. 

Some of the steps suggested by the group include-

• Developing antimicrobial pollution standards for the manufacturing sector 
• Reducing the unwarranted usage of antimicrobials in humans and animals  
• Implementing waste management standards to treat the effluents from food-animal farms and aquaculture farms

Lack of action now can have disastrous consequences

Antimicrobials have played a huge role in improving modern society’s health over the last century. Microbials treat various microbial infections in humans, animals, and plants. 

However, wanton usage of the medications has now started to create issues that can have some serious consequences. One of the biggest concerns regarding the overuse of antimicrobials is the development of antimicrobial resistance among microbes. 

Drug-resistant pathogens can cause diseases exponentially more difficult to cure and manage. Furthermore, such pathogens can pass between humans, animals, and plants, complicating the issue. 

Nearly 5 million people globally die due to drug-resistant infections. Apathy toward this issue can be detrimental to the entire world. Concrete steps must be taken to prevent the generation of antimicrobial resistance among pathogens. The time is rapidly approaching when the current antimicrobials will be ineffective in treating infections in humans, animals, and plants due to this global pollution.  

A lack of action to curb antimicrobial pollution not only has a local but global impact. 

Understanding and managing antimicrobial waste should be the priority

Although the exact scale of antimicrobial pollution is unknown, its impact over the years can’t be ignored. It is now known that marine ecosystems have already seen significant amounts of multi-drug-resistant bacteria. These multi-drug-resistant microbes can be linked directly to aquaculture and industrial sites. 

It is essential to take steps to understand how antimicrobials are finding their way into our environment. Countries must implement stricter regulations for discarding industrial and municipal waste. 

As common citizens, you can also help the cause by properly disposing of the unused or expired antimicrobials. Investors can also help fund the research and development activities to support waste management systems.  

The post World Leaders Urge to Protect the Environment from Antimicrobial Pollution appeared first on Industry Leaders Magazine.

Apple submitted its latest proposal to the Dutch competition authority on Sunday, March 27. If the authority deems that the proposal falls short of expectations, it may levy fresh, larger fines to encourage Apple to comply with the ruling.

So far, the most prominent headline in this tale is that Apple has failed, willingly or not.

However, for Apple, the cost of a weekly fine (€5 million) pales in comparison to the rewards of developing the perfect remedy that would not only satisfy Dutch regulators, but might also serve as a model for other European and American agencies.

Apple was ordered by the Dutch competition authorities to allow dating applications to utilize alternate payment methods, but it did not define how. The Digital Markets Act, which was recently enacted, follows the same principle (DMA). The law states that Apple and other gatekeepers must allow other types of payments in the App Stores, but it doesn’t go into detail — the law just specifies the end result, not the method.

Apple now has the chance to craft a proposal that fits the agency’s requirements while also retaining the 30% fee it charges. As it has in the past, Google may be able to show Apple the way. When the European Commission ordered Google to allow other comparison sites to appear above Google searches, it didn’t do it immediately — it paid some fines and faced more regulatory action, but it eventually gave other sites a place on its shopping tool. As a result, it complied with the EU antitrust judgment and did not relinquish its position in the shopping box tool.

Despite the mounting fines, Apple has filed plans to comply with the Netherlands’ antitrust verdict. Apple presented a solution plan in January, but it was rejected by the Dutch regulator because it required dating companies to create an entirely new app if they wanted to use an alternative payment system. This was an unneeded and unreasonable hurdle in the face of the Dutch authority. The authority’s standards may be more likely to be met by the new proposal submitted last week.

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Securities offered and sold by the lender’s structured products division for a year had surpassed the registered amount for sale, requiring them to be bought back at their original purchase price, according to the lender.

The bank stated that the securities would now have to be purchased at their original purchase price.

A source familiar with the situation told Reuters that the instruments were two exchange-traded notes tied to crude oil and market volatility. This month, the bank halted sales and issuance of the notes.

The bank stated its “best assessment at this time” was a 450 million pound loss, bringing its core capital ratio down to the middle of its target range of 13-14 percent. Tax was not included in the loss calculation.

Barclays announced that a planned £1 billion share purchase will be postponed until the second quarter, and that it had commissioned an independent examination of the situation.

According to the bank, regulators were also conducting enquiries and requesting information.

In early trade, the bank’s shares were down 3%.

Barclays’ investment bank had been a standout performer for the company in recent years, helping it set a new annual profit record in 2021.

The bank appeared to be “tripping over its shoelaces,” according to Shore Capital analysts.

While the current share buyback has just been postponed, the analysts believe the miscalculation could decrease the bank’s future capital returns to shareholders.

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