Supply Chains to Admire 2025 - v1.0

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SUPPLY CHAINS TO ADMIRE | 2025

Personal Products L'Oréal is the Supply Chain to Admire Award Winner for 2023. The Company has made the winner's circle for nine out of the twelve Supply Chain to Admire reports. This year, Beiersdorf joins L’Oreal in the winner’s circle. Both wins are a testament to the focus on customer- centric innovation that drives results. Estee Lauder was a winner in 2015 but lost ground in the industry despite extensive investment in digital innovation.

Table 36. Personal Products Sector Evaluation for the Period of 2015-2024

INDUSTRY: Personal Products

COMPANY INFORMATION

IMPROVEMENT

PERFORMANCE

VALUE

MARKET CAPITALIZIATION PER EMPLOYEE

PRICE TO BOOK

RETURN ON CAPITAL EMPLOYED

GROWTH (Year Over Year Revenue)

SUPPLY CHAIN FUNDAMENTAL SCORE

INVENTORY TURNS

OPERATING MARGIN

SUPPLY CHAIN INDEX

2024 REVENUE

NAME

2015 - 2024

Beiersdorf

$ 10,661

4

5

2.7%

3.08

13.9%

15.4%

3.78 2,212,289

Coty

$ 6,118

2

11

5.5%

2.55

4.4%

-0.4%

9.11 707,337

Estee Lauder

$ 15,608

5

4

3.9%

1.68

15.5%

19.9%

12.53 1,121,524

Herbalife Ltd

$ 4,993

5

10

0.3%

2.31

11.2%

33.9%

6.18 482,052

Inter Parfums

$ 1,452

3

3

13.2%

1.55

15.5%

17.4%

4.45 6,503,441

Kao Corporation

$ 10,764

5

5

-1.9%

4.04

10.9%

15.6%

3.35 556,089

L'Oreal

$ 47,068

5

5

4.9%

2.67

18.8%

19.6%

5.58 1,960,201

Natures Sunshine Products

$ 454

5

2

2.4%

2.03

3.9%

9.5%

1.70 283,031

Nu Skin Enterprises

$ 1,732

2

5

-3.3%

2.08

9.0%

15.2%

2.76 88,348

PZ Cussons PLC

$ 664

5

1

-6.7%

3.61

9.6%

8.7%

0.52 18,961

Shiseido Co Ltd

$ 6,547

3

9

0.1%

1.78

5.7%

7.7%

4.34 422,856

MEAN WITH OUTLIERS

$ 9,642

4

1.9%

2.49

10.8%

14.8%

4.94 1,305,103

MEAN WITHOUT OUTLIERS

1.9%

2.49

10.8%

14.8%

4.94 589,249

Pharmaceuticals No pharmaceutical company made it to the winner’s circle during this period. Prior winners of Gilead Sciences and Regeneron failed to rise above the peer group. This industry has the highest margin of any industry. Growth was up 6% for the period, operating margins were flat, and inventory turns increased 20%.

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