Uncertainty is here to stay.
Learn to plan in an uncertain world.
On December 27th, 2020, Wall Street Journal writers, Annie Gasparro and Sharon Terlep,
wrote an article titled, "Consumer Brands Bet Working From Home is Here to Stay."
In the article, they wrote, "Consumer-product companies are expanding factories and revamping
production lines, wagering that work-from-home habits like growing beards and fixing quick
lunches will outlast the coronavirus pandemic."
Do you accept this forecast?
It seems like a logical assertion, but with most things in life, only time will tell.
For capacity planners, also called operations strategists, the answer to this question will
guide their critical factory and production line investment decisions.
Over and above a global pandemic, four additional factors will continue to challenge capacity
planners: Number one: climate change
Number two: geopolitical dynamics Number three: technology innovation
And number four: behavioral shift While this uncertainty can feel overwhelming
and can force executives and planners into a state of analysis paralysis, consumers,
the market, and Wall Street have no patience for indecision.
Fortunately, the field of robust optimization, an intuitive albeit complex analytical method
exists to provide a path forward.
Engage the capacity planning module to learn to leverage analytics to plan in an uncertain
world.