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excerpts from csm | insights
Forecasting is always accompanied by uncertainty. The further away you get from the current time period, the greater the uncertainty. These two statements hold true for virtually all areas of forecasting, with one exception: demographics.
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The North American commercial vehicle market has been volatile during the past few years with factors such as a strong economy and the U.S. 2007 prebuy, which led to unsustainably high sales in 2005 and 2006.
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Incentives for production of flex-fuel vehicles, along with mandates and incentives for production of feedstocks and blending of biofuels, have helped set the stage for the current controversy over global food prices.
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Amid the myriad issues affecting the global automotive industry, lowering risk and increasing efficiency within the logistics arena are critical.
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