Demand is hard to predict as it constantly changes due to black swan events such as Covid-19, new disruptive technologies and ever-changing consumer behaviours.
Most production companies generate forecasts with a relatively high margin of error with values ranging between 11 and 28 percent and retailers lose more than $1 trillion globally as a result of overstock and out-of-stock situations. Supply chain leaders have started investing in this area to increase adaptiveness of their logistics network.
By leveraging the technologies and startups in the market, companies can improve forecast accuracy and adapt to the volatile consumer demand. In less than 30 minutes, we will dive into how this opportunity can be leveraged and what companies in this space are doing to address the challenges of adaptive logistics networks.