I’ve been noticing a significant rise in shipping costs lately, which naturally impacts our overall margins. Has anyone else experienced similar trends in their supply chains? I’m exploring strategies for optimization, particularly with demand forecasting. It seems like a crucial area to focus on, especially given the volatility in the market.
I’ve definitely seen the shipping costs impact margins too, especially when it comes to forecasting demand. One thing that helped me was leveraging real-time data analytics to adjust forecasts dynamically. It’s made a noticeable difference in our planning, but you might want to factor in your lead times as well.
I’ve found incorporating predictive analytics really helps with demand forecasting. Have you tried any specific tools for that, @lucy_wilson02?