Demand forecasting is a crucial component of a distributor's supply chain strategy. Without it, there is no system to determine how to purchase inventory to fill orders in the changing economic conditions present in 2023. Demand forecasting in supply chain management must consider several factors, including the WHO recently announcing the end of the global pandemic.
Distribution companies will no doubt rely more on technology for the rest of 2023 and beyond. Interacting with suppliers and vendors digitally will become routine for most interactions.