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 (artificial intelligence) and machine learning.
• Retailers must adapt to changing consumer preferences and trends.
• Evaluating demand-forecasting solutions requires understanding market potential and innovation.

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