Inflation Demands Smarter Retail: Integrating Weather Data and Agility is Key
Beyond traditional analytics, using predictive weather insights helps retailers manage volatile demand and costs in an inflationary environment.
We talk a lot about data in the grocery world. Loyalty cards, point-of-sale transactions, supply chain logistics – these have been the bedrock of analytics for years, helping retailers and CPG brands understand what customers buy and when.
But in today's increasingly volatile market, are we missing a crucial, predictive layer?
My thesis is simple: Incorporating sophisticated weather data into grocery analytics can dramatically improve the customer experience. Think increased in-stock levels, optimized pricing, hyper-local targeted marketing, and even more efficient staffing.
When it comes to truly predictive analytics in the grocery space, weather is the new oil.
I was recently reading an insightful interview with Stuart Aiken, a veteran in consumer data and analytics. He’s currently CEO of of Circana and formerly the chief merchant and marketing officer at Kroger.
While his focus wasn't specifically on weather, his points about the power and application of data in the grocery sector pe…
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