After more than two years of pandemic chaos, retail brands don’t have reliable data to build accurate forecasts. Planners are trying their best, but without steady performance metrics it’s anyone’s guess what next year will hold. Procurement has seen recent plans go sideways so often that they don’t trust anything anymore.
Small misjudgments in forecasting can become huge cost centers by the time those numbers hit procurement, and those numbers multiply with each surprise delay or increased cost. Unprecedented world events have muddled the planning and sourcing cycle even more.
Get our latest report to see how leading retailers are fighting back with machine learning, artificial intelligence, and digital network mapping to successfully plan, and execute that plan, season after season.