September 30, 2022

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J&J halts supply of beauty products to Russia

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By Becky Bargh
30-Mar-2022

J&J has come to be the most up-to-date private care heavyweight to cease operations in defiance of Russia’s invasion of Ukraine

The Russian sector would make up 1% of J&J’s overall profits

Johnson & Johnson (J&J) has joined its particular care counterparts in halting supply of elegance solutions to Russia.

The transfer is in reaction to the ongoing conflict in Ukraine, which is about to enter its fifth week.

Natural beauty manufacturers in J&J’s portfolio contain Aveeno, Neutrogena and OGX.

J&J stated it would carry on to provide medications and health care units to the location.

No more clients will be enrolled in clinical trials throughout Russia, however.

According to Reuters, 1% of J&J’s sales are built in the country.

J&J’s determination arrives months following other natural beauty heavyweights pulled the plug of source to Russia.

Natural beauty retailer Sephora and Estée Lauder Firms were being some of the initial firms to split ties with Russia less than two months immediately after Ukraine was invaded.

Natura – proprietor of The System Store, Avon and Aesop – also halted imports to Russia, as did L’Oréal.

Lush, in the meantime, mentioned that it could not shut its 48 suppliers across Russia thanks to a longstanding authorized agreement with a Russian licensee.

Materials to retail retailers have been halted, nonetheless, and on line gross sales ceased as a display of demonstration versus the war.

The effects on Ukraine’s cosmetic economic system

Ukraine’s personalized treatment industry was projected to crank out virtually US$3bn in 2022, according to data company Statista, and is a single of the most significant markets in the state. &#13

Industrial metropolitan areas Kharkiv and Dnipo are the beating coronary heart of the country’s domestic magnificence brands.

They also engage in host to companies from the intercontinental group, which includes L’Oréal, Henkel and Oriflame.

But what was when a central element of the country’s financial state has been brought to a grinding halt.

The UN estimates that, even if the conclusion of the war was in sight, the country’s GDP will reduce 10%, obtaining unfathomable impacts on producers. &#13



Ukraine is also one of the biggest suppliers of sunflower oil to the cosmetics market place, as properly as other industries.

Having said that, with creation at a standstill, suppliers are having to rely on other producers for their products.

Frozen foods provider Iceland, reported The Grocer, has even switched again to palm oil because of to soaring charges for sunflower oil.

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