Overcoming the Cosmetic Industry’s Smart Problems in Hong Kong

Cosmetics industry in Hong Kong is one of the most thrilling arenas in that it is characterized by the introduction of super-modern products and the loyalty of the supportive consumer base. However, the industry has different problems that set it apart from others. Certainly, beauty retailers have to deal with numerous issues related to the constantly moving consumer market and the environmental policy problems as well. In addition, the issues, like the omnichannel sales management and changes in digital payment systems, which are connected with other industries, are driving the complexity.  

 The Main Issues Facing Hong Kong’s Cosmetics Industry

Starting with the active and competitive market in Hong Kong, it happens that the cosmetics are exposed to the tremors caused by constantly shifting consumer preferences. The rapid changes in the customer’s choice about the ingredients or packaging means a waiting period for the manufacturers. Environmental and sustainability-related regulations are also notably rigorous, hence manufacturers have to be strictly compliant with them. Moreover, the counterfeit which is a product for sale that has been made using the brand name, logos, trademarks or other identifiers of a brand that the buyer believes is genuine and that the buyer pays for it. sales may involve conditions that are especially harsh to brand integrity and to the trust of the consumers.

No matter what, this sector also finds itself in difficulties that other ones do have. Definitely, the hybrid sales channel model makes it the most discussed issue. A huge part of the retailers is still lacking to make sure a flexible return policy between the physical shops and the digital webspace is in place at the desired quality level; work with the Point-of-Sale systems get improved about the greater supply chain visibility and environmental regulations compliance thus are better at tracking and reporting.

Facilitating the Use of POS Systems for Industry Challenges

By only being equipped with a proper Point-of-Sale (POS) system, it is possible to get rid of most of the above-mentioned impediments. The availability of data which happens in real-time from modern POS solutions is a key merit for the cosmetic shopkeepers that helps them to speed up the marketing of the good and drawing up the schedules on the basis of the changing consumer preferences. The possibility of immediacy to the decisions is the most solid reason that assists in managing the struggle mutability typical for this particular industry. Eventually, the suppliers who are embraced by the Point-of-Sale technique enjoy the opportunity of better environmental compliance thanks to the enhanced tracking and reporting of the supply chain.

What is Multiable POS ?

Multiable POS is a cloud-native POS targeting retail groups with sizable chain stores in Singapore, Malaysia, Hong Kong and China. With over 6,000 customers in the region, Multiable POS gains positive feedbacks from public companies and multinationals across different sectiros, from cosmetics, furniture, fashion, healthcare, pharmaceutics, sportswear and toys etc. The renowned no-code approach saves customer a big sum of customization costs and countless hours of implementation man-days.

What is LAIDFU (Let AI Do for You)?

LAIDFU is an AI tool for enterprise to build their own AI agents to perform various business AI tasks.

Proprietary EKP (Enterprise Knowledge Partitioning) technology eases CEO’s concern about trade secret leakage which often occurs in most AI agents / chatbots in the market.

EKP removes the hurdle of business AI adoption by most companies in using sensitive corporate data.

Powered by no-code approach, deployment of LAIDFU incurs far less developers (and development costs) in comparison with other AI tools.

LAIDFU empowers business, with or without an ERP system in place.