covid-19

How To Improve Forecast Accuracy During The Pandemic?

Dr. Chaman L. JainJuly 1, 2021

Q) During the current pandemic we are facing a very difficult time in preparing forecasts. Our forecast accuracy is far below what used to be. Can you suggest any way to improve it? A.) We are certainly in a new economic phase, something we have n... Read More...

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How Planning Leaders Are Protecting Their Companies From The Pandemic

Andrew Scuoler CPFMarch 17, 2021

IBF recently asked demand planning leaders how they are guiding their companies through the pandemic. The following reveals the key insights from those conversations. What Are Planning Leaders Doing Differently To Combat Covid-19? Many compan... Read More...

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Updating Machine Learning Models To Adapt To Demand Shifts

Liudmyla TaranenkoJanuary 12, 2021

Even before the pandemic, foward-thinking retailers leveraged AI and machine learning technology (ML) for demand forecasting. In the post-Covid world, however, those ML models have failed to provide accurate predictions because they don't know th... Read More...

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UPDATE: COVID-19 USA ROLLING FORECASTS

Dr. Chaman L. JainJanuary 5, 2021

Below are the updated forecasts of coronavirus cases and deaths in the USA. The forecasts are daily rolling forecasts, looking 2 months ahead. Alongside the forecast, you will find actuals and forecast accuracy expressed as MAPE. This rolling forecas... Read More...

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Putting Certainty Back Into Business To Fight Covid-19

Ankit TiwariDecember 18, 2020

“Change is the only constant in life”, said the Greek philosopher, Heraclitus. Uncertainty is a derivative of change and has been a constant ingredient of the demand planning process. Thus, uncertainty in business is not new but the pace at which unc... Read More...

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Understanding The Demand Impact Of Covid-19 On Your Product Portfolio

Tanya LoskutovaOctober 26, 2020

While forecasting has always being associated with uncertainty, we are living during an unprecedented time that requires extra special handling. This article attempts to analyze the impact of Covid-19 beyond the near term, focusing on the entire year... Read More...

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7 Demand Planning Tips For Surviving Post-Covid Uncertainty

Eric Wilson, ACPFMay 18, 2020

As we move into this next phase of this Covid-19 global pandemic with countries, states and businesses beginning to open back up, the importance of sound judgement and forecasting is critical. With these new times will come new factors, new informati... Read More...

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COVID-19 USA & NEW YORK ROLLING FORECASTS

Dr. Chaman L. JainMay 1, 2020

The following is a daily rolling forecast of Covid-19 cases and deaths in the USA and New York State, looking 2 months ahead. It is prepared by Dr. Chaman L. Jain, Professor of Economics at St. John's University, and author of the book, Fundamentals ... Read More...

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Effective Demand Planning Is The Difference Between Survival & Insolvency

Andrew Scuoler CPFApril 27, 2020

SPECIAL REPORT: Coronavirus disruption to sales forecasting has made an already complex process seemingly impossible. Until a vaccine is widely available to the public and infection rates are under control globally, businesses face many confusi... Read More...

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The Consensus Driven & Collaborative Approach To Planning During A Black Swan Event

Erin MarchantApril 2, 2020

Erin Marchant, a senior leader in demand planning in the aviation industry, draws on her experience to reveal how to plan during times of disruption. Forecasting models have their place, she says, but it's specific market, customer, and industry know... Read More...

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