Respond Weather Analytics to Predict Demand
Product demand is often highly volatile and difficult to predict, particularly if your business is vulnerable to seasonal, climatic, and weather variations. Respond™ weather analytics help you predict demand for your building repair products and services by giving you the reliable, timely weather-related data you need. You can avoid the limitations of statistical forecasting because Respond provides solid choices, rather than forcing you to rely on padded inventories and shifting quantities reactively—which can lead to local shortages, oversupplies, and disgruntled customers.
If inadequate weather-related demand planning is costing your business, Verisk’s analysis and forecasting can tie into your demand planning system with predictive analytics that correlate climate and weather events—such as hail, wind, and hurricane—to product demand.
When weather damage occurs, businesses, homes, and communities need to repair and rebuild. You can forecast storm demand surges more precisely by using predictive analytics from Respond to correlate each storm’s damage severity to local inventory needs for building materials and restoration supplies.