Overview: Discover the hidden drivers of consumer demand by category, product, and region
While marketing, promotions, and price changes affect future sales, consumer behavior is also driven by numerous external factors. Wages, cost of fuel, sentiment, and online search trends can impact the consumer’s willingness to buy but are factors beyond a company’s control. Nonetheless, they can be analyzed and included in your research plan.
Prevedere helps CPG and retail companies by constantly monitoring global activity and identifying future changes to consumer demand. By using Prevedere, CPG companies and retailers can improve daily product decisions with reliable forward-looking insight.
Prevedere enables CPG companies and retailers to better:
Discover the hidden drivers of category demand Quickly identify the most influential economic and consumer behavior factors for each category as well as their lead times. By combining this with an internal promotion, product innovation, and merchandising activities, brand teams can gain deeper insight on past sales wins and misses.
Validate category growth plans
CPG and retail companies can leverage Prevedere’s Demand Planning solution, along with syndicated data, to generate long-term demand forecasts that incorporate the most predictive leading indicators. These reports are constantly updated as economic and consumer activity change.
Maximize ROI on marketing spend
CPG and retail marketers need to commit to advertising and promotional spend over a year in advance. Prevedere can show when demand is weakest up to 24 months in the future. Armed with this insight, marketers can allocate budget to the months and regions that need it most.
Prevedere is an industry insight and predictive analytics company, helping business leaders make better decisions by providing a real-time view of their company’s future. Our external real-time insights engine constantly monitors the world’s data, identifying future threats or opportunities to business performance. Along with a team of industry experts, data scientist, and economists, Prevedere helps business leaders make the right decisions in an ever-changing world.
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