Forecasting for BevAlc: Two unique factors

Forecasting is the linchpin of a successful supply chain, guiding production decisions crucial for success. In the beverage alcohol industry, it goes even further, with significant cost implications.

Two unique factors amplify the importance of accurate, long-term forecasting:

1. The tie to agriculture:

Raw materials are at the mercy of nature. Accurate forecasting helps identify gaps in supply contracts, plantings, and farming practices.

2. The aging process:

Many beverages have an aging period. Failing to invest in accurate long-term forecasts ties up capital or misses surplus opportunities.

Want to dive deeper into the world of forecasting?
Read the full article: The art and science of forecasting