Forecasting Halloween During a Pandemic
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 […]