How cosmetics, beauty supplies, and perfume retailers are reshaped as AGI capability advances.

Read as an executable program — the work decomposed into Code, Generative, Agentic, and Human.
Cosmetics, Beauty Supplies, and Perfume Retailers sits inside a larger value-flow — 1 parent structure it composes into. The hierarchy is grounding, not the story: it tells you which aggregate exposure Cosmetics, Beauty Supplies, and Perfume Retailers inherits.
Cosmetics, Beauty Supplies, and Perfume Retailers is itself composed of 9 parts that flow up into it — the sub-units whose work, summed, is what AGI capability re-prices here first.
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