May 20,2024
Dermal fillers have become a trending cosmetic beauty product that has gained widespread acceptance, and nowadays, even ordinary women are using dermal fillers to enhance their looks. The global dermal filler market was $5 billion in 2023 and will double to $10.16 billion by 2032. The expected growth is 8.1% per annum. Dermal fillers are popular because they are a non-invasive and painless way of altering facial appearance. Moreover, their versatility makes them a hit with customers as they can resolve various skin wrinkle issues, such as facial lines, scars, and volume loss due to aging.
The advent of the COVID-19 pandemic negatively affected the dermal filler market, and it faced supply chain issues and a reduction in manufacturing volume. The dermal filler market has recovered from the shocks caused by the pandemic. However, the industry continues to be a challenge for new entrants. One of the most difficult aspects of wholesale dermal filler businesses is the supply chain of dermal filler. The supply chain function has its share of challenges that make setting up a dermal filler production and wholesale business complex for a new entrant or someone inexperienced.
If you are looking to set up a dermal filler wholesale business, ensuring the availability of the dermal filler is an essential aspect that will ensure future success. However, establishing a logistics system for dermal fillers is no easy task, as this product requires a complex supply chain system. You will encounter several supply chain challenges. In this blog, we have listed the major ones below to make establishing your dermal filler business easier.
Dermal fillers are made from several chemical ingredients that are temperature-sensitive. The dermal filler chemical formulation needs to be kept at a fixed temperature. If the environment temperature is not optimal, the effectiveness of the dermal filler injection will be affected. To ensure the effectiveness of dermal fillers, all modes of transportation, whether road, sea, or air, need temperature-controlled storage. One strategy to ensure that temperature remains constant during the transportation is to track the dermal filler shipment in real-time.
The market is filled with bogus manufacturers of dermal products. managers claim the cut to be genuine, but it is of low quality. With medicinal products like dermal fillers, you cannot take the risk of ruining your reputation by providing a product that will harm the skin of your customers. Neither can you afford a bad customer review because news travels fast in the online sphere. To overcome these challenges, you need to trace the sources of raw materials that a dermal filler manufacturer uses to make the dermal filler solution. It would also help if you could track the shipping conditions of the dermal filler.
Hiring a third-party logistics provider is one solution to tracking the cosmetic supply chain. These providers can help you check every detail at every supply chain stage. Tracking sourcing is not enough since shipment conditions also need to be regulated. Monitoring humidity, moisture, light exposure, and other factors during transportation should not be overlooked. Tracing the sources at every supply chain stage will enable you to take action to prevent future problems.
When operating a dermal filler wholesale business, a vital challenge of logistics is ensuring swift communication to establish trust with the end consumer. The risk of mislabeling medical products is considered a serious offense, so you need to ensure that the customers receive the correct product details customers receive regarding several products and types when fulfilling orders. One way to minimize human error in dermal filler logistic procedures is using Electronic Data Interchange (EDI). This ensures standardized and automatic data sharing with the customer regarding order fulfillment.
The dermal filler industry is very similar to the beauty cosmetic industry in that the trends change frequently. Just as a single review by an influencer regarding a cosmetic product becomes a hot-selling item, the same is true with dermal filler brands. What an in-demand dermal filler brand is today might become out of favor tomorrow, so keeping an inventory of trending products is vital to succeeding in this business. Gaining customer insights and predicting future inventory demands can help a dermal filler wholesaler track buying behavior. Hence, the challenge of remaining at the top of trends is impossible without partnering with a firm specializing in inventory management. A third-party specialist in inventory management has software that can analyze inventory turnover and other key characteristics that will help you as a dermal filler wholesaler to only stock up on in-demand dermal filler brands.
With the Ukraine war and Palestine conflict badly affecting the global economy, procuring raw materials for every industry, including dermal fillers, has become challenging. One way to overcome this challenge is to do a detailed check of dermal filler brand ingredients and then choose those brands that utilize materials that are not in shortage. Such research is energy and time-intensive, but it can pay off in these challenging times.
The global supply chain dynamics for dermal fillers present unique challenges and opportunities. From regulatory hurdles and quality control to transportation logistics and market demand fluctuations, the path to ensuring consistent and reliable distribution of these medical products is intricate. However, companies can overcome these obstacles with strategic planning, technological integration, and collaborative partnerships.
