Why Demand Forecasting Is Crucial for a QSR Food Supply Chain 

3 Min Read By Campbell Brown

QSRs operate in a competitive and highly complex business space, so one of the highest priorities for these organizations is creating strategic plans that will reduce food waste to avoid lost revenue and wastage disposal fees. According to Rethink Food Waste Through Economics and Date, the U.S. restaurant sector generates 11.4 million tons of food waste annually, equating to more than $25 billion in losses. 

There are many factors that impact consumer demand that QSRs must consider in their planning process – severe weather, school and college sessions and holidays, large events as well as pandemic restrictions. Unfortunately, accounting for these external demand influences is not simple given the volume and range of demand catalysts, and there is no “one size fits all” solution for QSRs to completely eliminate food waste. The good news is while it can be difficult, it is not impossible. There are strategic ways that companies can leverage data and analytics to optimize their…