Alexis (27:09)
It's a product development nightmare. Okay, so here's the thing. It is a money thing because it's an inventory thing. They would have to keep six versions of a formula. They would have to keep an Asia version of a formula. If there's an SPF version of a formula, a European version of the formula and a North America version of the formula, like, then there would have to be. Just so you all know, usually in most instances, the last, let's say ten shades of a shade range has a slightly different ingredient listing depending on how they developed it. So what that means is when you're mixing shades, right, it's white, black, yellow, red. Now, because if you're trying to make a foundation with sunscreen, which was really popular 2018, 2019, you are putting a lot of titanium dioxide, which is a super pure white powder, in these dark, dark bases. No amount of black is going to take away that ashy white cast. So you're forced to reformulate the base to actually get it to be dark enough, but also to be able to hit the SPF claim. In 2018, there were brands out there whose darkest shade had a lower SPF rating. The European market didn't care about SPF the way the North American market and the Asian market did. This is where you're going to have six versions. Oh my gosh, can you imagine inventory on 50 SKUs for five continents? Australia has different SPF regulations. So. And this is a great conversation for a regulatory expert like Claire Bing, Shout out Confiance Cosmetics. She'll know the nuance better than me. But on broad strokes, what you need to understand is that if you're going to sell SPF products like SPF in a foundation, you need different, two different formula bases for a shade range and you need different actual bases because they validate the tank that the formula was made in for the spf. But each country has their own laws for what's called otc. Yes, hence what I'm just describing to you is a supply chain nightmare. Yeah. Money, inventory, supply chain, wild complexity. But here's the reality. AI could change all that from a complexity standpoint. Like there could be someone out there that builds a software that manages to fix this problem. Because this isn't just a, let's say, shade development D5 reformulation problem. This is going to be a problem with every raw material that's about to get banned over the next five years. And then you're reformulating. Right. Do you make something brand new? Do you just get rid of the old inventory waste? Like I can go on and on. This is. And I guess why, why are we doing this right? Is it about these governments that are mandating these changes? Is it really about safety? I don't know. I don't know enough. And I don't think we can accurately test in most instances whether because of how much we're all exposed to as human beings on a daily basis, that that one isolated material is the cause