As the holiday season approaches, businesses may be bracing for what’s been all too common in recent years – supply chain disruption. Retail and consumer goods industries have been hit with disruptions from every direction: profound shifts in consumer preferences, materials shortages, weather events, and geopolitical activities, to name just
Search Results: demand forecasting (165)
At a time when data has become the center of innovation, the utility industry finds itself at a crossroads. Utilities worldwide are challenged by the ever-increasing demand for efficient energy consumption and the pressing need for sustainability. Balancing these priorities is not easy, nor is it cheap. In 2022, London
As the world moves toward a low-carbon future, the power and utilities industry faces significant financial and reputational risks due to the potential stranding of resources and assets. This transition to carbon-free energy sources could render carbon-intensive assets – such as coal- and gas-fired power plants, coal mines and hydrocarbon
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,
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