#185 Predicting an unpredictable holiday season with demand sensing

The approaching holiday season will look very different for many retailers this year as the coronavirus upends and accelerates the retail industry. At a time when so many things are uncertain, understanding the rapidly changing needs of consumers is paramount in helping supply chain leaders better forecast demand and effectively manage inventory. That’s why retailers should be leveraging demand sensing, which uses supply chain information in real time to more accurately predict trends that will improve sales, make production more effective, and optimize inventory. Two experts from PwC, Kurt Staelens and Paul Leinwand, share how retailers are using demand sensing to reveal patterns that better predict behavior and what retailers can be doing right now to prepare for the busy holiday season ahead.

 

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