The COVID-19 crisis has created an unprecedented situation for every business. Successfully navigating through this requires taking smart decisions, quickly and cost-efficiently.
COVID-19 RESOURCES
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The dashboards and predictive models built in the pre COVID times are no longer valid. The current COVID-19 environment requires:
- A completely different set of factors to predict demand – e.g., the extent & severity of lockdown, demand migration to online channels, number of retail outlets that are still open, nature of the products/services (essential vs. non-essential) etc.
- Different types of predictive models – e.g., predicting supply chain & logistic bottlenecks, supplier financial risk, customer financial viability (which customers are likely to survive the COVID crisis), Identifying leading indicators of demand recovery, impact of evolving government guidelines
- Innovative use of all available data sources – Many of the traditional data sources are not available or getting updated regularly and there are some new data sources that have become available