Tricky forecasting leaves chocolate companies wondering how candy sales will fare this Halloween.
Mars’ time horizon for planning for the Halloween season spans two years, yet no one could have known how different things would be this year because the pandemic. For Hershey, Halloween spending comprises ten percent of annual sales.
No one is sure right now if “self-consumption,” when people buy Halloween candy to eat themselves rather than to distribute to others, will be enough to fill the gap of sales lost from trick-or-treating.
- Will COVID-19 cancel Halloween? (Aug 7, 2020, WCNC)
This post is based on the Fortune article reposted to Yahoo Finance, How scary will a COVID-19 Halloween be for candy companies?, by Beth Kowitt, August 29, 2020, and the YouTube video in the Spotlight. Image source: Shutterstock / Sandy Morelli
1. What role does aggregate planning play in the current availability of candy for Halloween of 2020?
Guidance: Many companies have a long planning horizon. In part this may be to ensure adequate supplies of materials and resources when it comes time to manufacture product to meet demand. In addition, manufacturers need to Continue reading