Ah, Valentine’s Day. Whether you love or loathe this sweet holiday, you can’t miss it if you live in the United States. Seemingly by magic, stores begin filling with red and pink treats right after Christmas. And while you might be astonished by the quick switch in your favorite store,
Search Results: demand forecasting (120)
You're not alone if you’re still seeing local grocery stores with empty shelves. Food shortages are still lingering in 2023. Increases in consumer demand, labor shortages and shipping capacity restraints continue to interrupt supply chains, particularly for grocery retailers. These problems have persisted throughout the pandemic, as seen with the shortages
Determining the “right” talent strategy for an organization isn’t easy. Diverse projects and priorities demand various levels of knowledge, skills and experiences to achieve the end goal. Talent planning requires assessing current employees and unearthing the gaps to identify what’s needed to meet business demands. Specific and extensive knowledge and
In 2022, the world adjusted to and worked to recover from a global pandemic and international conflict that displaced millions of families. Energy costs increased sharply and supply chain issues and other disruptions persisted. This contributed to the highest global inflation rate in decades, prompting a domino effect across economies.
With dynamically changing revenue streams, critical infrastructure needs and current higher-than-average gas prices and inflation concerns, transportation agencies around the country are using data to enable analytically driven decisions while navigating complex business challenges. Today's transportation industry is ripe with opportunities for innovation and growth. And this is especially true
Consumers are pulling back and shifting their purchases in the wake of inflationary pressures caused by high prices for fuel, freight costs, consumer goods and nonessential products. Demand is shifting faster than many retailers and consumer goods companies anticipated. Inflation continues to rise forcing consumer spending to shift once again
Often the biggest challenge when implementing a successful forecasting process has nothing to do with the analytics. Forecast adoption – incorporating forecasts into decision-making – is just as high a hurdle to overcome as the models themselves. Forecasting is more than analytical models Developing a forecasting process typically begins with
Broadband has become widely available and 5G is up and running in many countries, meaning more and more people have access to the internet via different platforms. With good quality internet connections either at home or via mobile connections, consumer behaviour has changed rapidly. Those who have been in digital
Outliers provide much-needed insights into the actual relationships that influence the demand for products in the marketplace. They are particularly useful when modeling consumer behavior where abnormalities are common occurrences or unforeseen disruptions that impact consumer demand. But why do demand planners cleanse out outliers, when many are not really
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