Category: Agribusiness, Meat, & Other Food
Dealing in Disruption – Industry Perspectives with Hal Sankey
These experiences give him a unique lens to this COVID-19 environment and its impact on the beef industry. While 9/11, BSE, and the 2008 economic crisis were certainly disruptive, Hal quickly points out that this is the first time both a supply interruption and demand fluctuation are peaking simultaneously....
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Dealing in Disruption – Industry Perspectives with Mike Farrand
Farrand sees this epidemic as stirring up a more fundamental, structural change to the industry. Clues of a ‘new normal’ might reveal themselves across consumer shopping habits or packing plant operational changes. A mix in primal or middle meat demand or slowing line speeds are just two examples of indicators...
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The Beauty of Backtesting in Forecasting
In fact, every forecast will be wrong. The variable is determining how wrong it will be. When a forecasting model lacks validity, it leads to detrimental business decisions, causing more harm than good. That is where backtesting makes a difference With backtesting leading the way to stronger, more accurate forecasts,...
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The Meat Industry’s Coronavirus Conundrum
Lower demand With the World Health Organization (WHO) officially declaring the coronavirus outbreak as a pandemic, countries across the globe have pushed for an increase in social distancing and quarantines. In many countries, most notably China and Italy, there have been nationwide lockdowns and non-essential shops like bars and restaurants...
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The Future for Commodity Price Forecasting for QSR’s, Fast Casual Dining, & Family Dining
Whereas cyclical supply and demand seasonality used to be the key factor for food cost stability, today factors are more widespread and the stakes are higher. Note the volatility tornado whipped up by geopolitical, environmental, and operational variables from the past few years: 2019’s wettest North American growing season on...
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