Glossary

Demand Forecast

Tags: Glossary

An estimate of the expected demand for a product or service over a specified period of time.

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Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.

What is Demand Forecast?

Demand Forecast in the shipping context refers to an estimation of the future demand for a specific product or service. In the shipping industry, demand forecasts are used to plan for the transportation of goods, ensure sufficient cargo space, and allocate resources. The forecast is typically based on historical data, market trends, and other relevant information, and it helps to prevent over or underestimation of future demand. 

Related Glossary terms

Demand Chain

Distribution Center

Supply Chain

Supply Chain Management (SCM)

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