How can business leaders prepare their organizations to react when market conditions across the globe shift unexpectedly?
In this episode of his new thought leadership series, Solving for Tomorrow, Rich Wagner is joined by Prevedere’s Chief Economist, Andrew Duguay, to discuss a case study on how a global manufacturing company was faced with this exact challenge.
After experiencing a significant downturn in demand in the Asian region, this company was left with excess inventory and momentous warehouse and production costs. This week, Rich and Andrew explain how the company was able to implement intelligent forecasting into their internal process in order to solve existing business problems and identify new growth opportunities in Asia.
By examining their current forecasting processes and updating their leading economic indicators, this manufacturing giant pivoted their forecasting abilities in the right direction, resulting in:
- Increased lead time and accuracy of market shifts
- Decrease in excess costs and inventory
- New business growth opportunities
- Lasting insight for the company’s senior management team
Watch this 10-minute case study to learn more about how the proper forecasts can help a company cut unnecessary costs and expand their business growth.
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About Prevedere, Inc.
Prevedere is a predictive analytics software company that delivers insights into future business outcomes based on current economic trends. Our predictive economic intelligence helps executives see what lies ahead for their business and solve for upcoming risks and opportunities. Our SaaS solutions apply the power of machine learning and predictive modeling to more than 3 million indicators of global economic and consumer activity. Prevedere customers include Fortune 500 industry leaders in retail, manufacturing, and consumer packaged goods. To learn more, visit www.prevedere.comand follow @Prevedere on Twitter.