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Takeaways

Accurate demand forecasting is crucial for retail success.
Food waste is a significant issue, with one third of food produced wasted.
The FRESH framework focuses on food waste reduction and hunger curtailment.
Dynamic pricing can help manage inventory and reduce waste.
Retailers need to incorporate external data for better forecasting accuracy.
Promotions and events significantly impact demand forecasting.
Technology is transforming demand forecasting through AI and machine learning.
Retailers must adapt to changing consumer preferences and trends.
Evaluating demand forecasting solutions requires understanding market potential and innovation.
Coresight Research provides valuable insights into the demand forecasting landscape.

Chapters

00:00 The Importance of Demand Forecasting

07:03 The Fresh Framework for Food Waste Reduction

13:50 Advancements in Demand Forecasting Technology

19:51 Evaluating Demand Forecasting Solutions

The Promise of Demand Forecasting and How to Achieve It

Retailistic

The Promise of Demand Forecasting and How to Achieve It