29th May 2020

Are You Ready For The Rebound? Planning For A Post-Lockdown Surge in Demand

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The global Coronavirus pandemic that emerged in January 2020 has cratered demand worldwide for essential and luxury goods, services, and trade-able items.

As a dreaded ‘Black Swan’ event, COVID-19 has meant that many industries have had to scrap and revise years of demand projections. The Bank of England now predicts a contraction of c.-13% by Q4 2020, the worst yearly recession on record since 1706 and the worst ever recorded in real terms (FT, 7th May 2020).

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18th May 2020

What Can COVID-19 Teach Us About Demand Forecasting and Planning?

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The COVID-19 outbreak that has paralyzed the UK has had tragic, damaging consequences for almost everyone alive today. However, it is also a rare, positive opportunity to learn and gather new information about behavior during an exceptional time.

Learning lessons from COVID-19 allows us to become far more resilient and better prepared for the next ‘Black Swan’ event that hits us as a society. Strengthening supply chains means that people as a whole are better protected from psychological, economic, and health shocks such as COVID-19. Excellent forward planning can help preserve businesses and open up opportunities for growth in challenging times.

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17th March 2020

How Demand Forecasting Can Help Your Business

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Markets in almost every sector are changing more quickly than ever, and a combination of this and increasingly volatile demand can make it hard to maximise your sales potential. Demand forecasting is a crucial tool in achieving this effectively, allowing your team to work as efficiently as possible in turning your employees’ hard work into increased profits. Continue reading “How Demand Forecasting Can Help Your Business”

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23rd December 2019

Why Failing To Forecast Demand Accurately Is Bad For Business

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If you use an ineffective demand forecasting method, you could be creating problems for the future. Not only could you fail to maximise your profits, you could eventually damage your brand. Let’s take a look at the issue – and the solution – in more depth. Continue reading “Why Failing To Forecast Demand Accurately Is Bad For Business”

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10th November 2019

Is Your Supply Chain Brexit-Ready?

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Brexit is a big deal for any business attempting to forecast demand or planning a product launch over the next 6 to 12 months. The shape of Brexit is still undetermined. Nevertheless, the Withdrawal Agreement gives some indication about the state of trade between the EU and the UK over the coming years.

If the Withdrawal Agreement is ratified, some things will change, but disruption to supply chains will be minimal. A no-deal Brexit is a more worrying proposition, but even then, there are things you can do to limit its impact on your business and customers. Continue reading “Is Your Supply Chain Brexit-Ready?”

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15th July 2019

How To Know When My Food Production Business Needs To Order New Stock

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Food production businesses need a good forecasting solution, especially those that deal with large amounts of stock constantly coming in and out of the business – which can be hard to manage without an efficient system in place. Moreover, forecasting can give your business a competitive advantage when it comes to planning and production. Continue reading “How To Know When My Food Production Business Needs To Order New Stock”

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