The Art and Science of Forecasting in Retail and CPG

 

With growing eCommerce channels and increased online shopping behavior, omnichannel retailers are grappling with the increased complexity brought on, in part, by current events, but more so the anticipated need to combine online and in-store merchandising, especially for the “new normal.” Siloed decisions around allocation, promotions, in-season pricinginventory transfers, and fulfillment will fail to deliver the expected margin performance unless they address the interconnectedness of online and stores. 

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Data to Dollars

 

In our previous blogs, we discussed the transformative capabilities of AI in demand forecasting and planning for the retail and CPG industries, as well as the data science and ethical considerations behind it. Now, in this final installment of our series, we'll explore how businesses can maximize their margins by integrating, adopting, and executing AI-powered solutions. 

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Why AI Isn’t Working for Everyone

Welcome back to our series with Nicholas Wegman, Ph.D., Senior Director of Artificial Intelligence and Alex Barnes, Senior Director of Product Management, as they continue to discuss the science behind Artificial Intelligence (AI) and reveal how it can specifically increase retail/CPG margin. In the second part of our three-part series, we’ll delve deeper into the data science of AI, and why it’s not working for every business.  

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5 Ways Sustainability Impacts CPG Margin


April is Earth Month, so let’s talk sustainability. Businesses across the world are increasingly recognizing sustainability as a critical element of their operations. From reducing environmental impact to improved margin expansion, organizations everywhere have embraced sustainable practices but how can they make sure these measures pay off? This blog outlines five ways in which CPG companies may maximize the advantages yielded by sustainability and how Artificial Intelligence (AI)-driven demand forecasting and optimization models can help them realize those benefits—including increased margin.

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A Closer Look at Walgreens’ AI-Powered Demand Planning Transformation

 

 

Among the highlights of our most recent retail trade event appearances—NRF in New York and RILA LINK in Orlando—were our well-received feature presentations, spotlighting one of our major success stories among national retailers, our partnership with Walgreens.  

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