2007 Chemicals Forecasting Shipping 
Supply Chain Shaman
SEPTEMBER 22, 2021
As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. Lockdowns and Disbelief.
Supply Chain Shaman
AUGUST 26, 2015
As the markets plummet, it is time to remind ourselves that demand is not a forecast. Traditional forecasting approaches are not adequate in a time of market volatility. In the real world, companies operate with a Mean Absolute Forecast Error of 24-60%, and have a bias of 9-40%. I remember December 2007 like yesterday.
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Logistics Bureau
MARCH 11, 2020
When leading economists start talking about a drop in manufacturing comparable to the start of the 2007-2008 global financial crisis, you can be sure that the world’s leading industries are in for a torrid few months. Moody’s Investor Service forecasts a drop of 2.5% in vehicle sales worldwide in 2020 due to Coronavirus.
Arkieva
JANUARY 6, 2017
Three Steps to a Better Statistical Forecast Setup. Arkieva COO – Sujit Singh, outlines three essential steps to better statistical forecasting — simulate, measure, refine. She shared that her business had implemented a statistical forecasting package from one of the leading vendors during the previous year.
Supply Chain Shaman
JUNE 24, 2022
Price of Ocean Shipping Business Continuity. As they bemoaned the fact that upstream trading partners share dismal forecasts. Why would they ever think the automotive industry would give them a good forecast? I then told them about working with a Fortune 500 Chemical Company in 2007. Baby formula. Semiconductors.
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