How Predictive Analytics Can Help Suppliers Overcome Fluctuations in Demand

3 Min Read By Joe Scioscia

Food service suppliers have been scrambling to keep pace with fluctuating demand in a supply chain that has been anything but predictable since 2020.

Total restaurant industry sales in the U.S. hit an all-time low of $30 billion in April 2020. Since then, sales have fluctuated in response to surges of COVID-19 cases, climbing up to $72 billion in August 2021. But with the delta variant stressing health systems, colder months on the horizon, and uncertainty about the future, suppliers need the right strategy and data to outpace swings in demand.

How Innovative Supply Chain Technology Can Empower Purchase DecisionsTraditional forecasting and procurement strategies are no longer enough to keep pace with today’s unpredictable supply chain. Nearly half of supply chain leaders increased spending on innovative technologies in the past year and a half. Many enterprises turned to predictive analytics and business intelligence as part of an enterprise resource planning (ERP) software…