Highlights 2021 5 Expanding opportunities in China • Driving innovation and supporting growth with local and regional customers in China with the opening of our new Digital Space in Shanghai. • Accessing high growth fragrance and beauty market opportunities in China through our first-of-its-kind partnership with Tmall, Alibaba’s open business-to-consumer platform, and by becoming a shareholder in Next Beauty, a leading incubator for emerging brands looking to grow in China. Creating value through our recent acquisitions • The acquisition of 25% of B.Kolormakeup & Skincare (b.kolor) expands our offerings in the consumer-packaged goods and luxury segments; • Myrissi gives us the technology to translate fragrances into colour patterns and images; • Custom Essence strengthens our access to local and regional customers and expands our capabilities in natural perfumery in North America; • DDW the Color House strengthens our global leadership in the natural colours business. Building transparency across supply chains • We’ve strengthened and expanded our responsible sourcing programme into an umbrella programme called Sourcing4Good, which is based on collaboration and knowledge sharing, experienceand expert input from suppliers, customers and partners. Our suppliers can expect more visibility and the opportunity for partnerships, while our customers will have greater access to safe, high-quality products sourced in a responsible way and increased oversight and detailed knowledge of their supply chains. Givaudan – 2021 In a Nutshell
Givaudan 2021 In a Nutshell Flipbook Page 6 Page 8