Verified Document

Brewing: Forecasting Trends Case Study

Forecasting: Kentucky Swamp Brew Forecasting demand within the brewing industry is dependent upon three basic factors: "trends, cycles, and seasonal patterns" (Elfner n.d.). Trends are defined as gradual shifts in demand that permanently affect the demand for the good or service; cycles are repetitious shifts in demand that manifest themselves in cyclical and predictable patters; and seasonal shifts are changes that occur periodically (Elfner n.d.). For example, a trend for Kentucky Swamp Brew might be an upsurge of interest in craft, small batch brewing. A cycle might be a gradual upsurge of demand with an increase in the health of the economy; a seasonal pattern might be a shift from preferring darker or heavier brews in the winter to lighter brews in the summer.

Trends are likely more difficult to forecast because they can be more unpredictable. Watching industry patterns, using managerial judgment, opinion, past experiences, and instinct are all common qualitative methods...

Parts of this document are hidden

View Full Document
svg-one

For example, customers of Kentucky Swamp Brew might be asked to fill out customer satisfaction cards as a way of gaging which brews were popular and which were not in specific markets. General industry trends could be assessed through market research either obtained by the company or purchased from outside entities. Because KSB is relatively small, it is not uncommon for the leadership to make decisions based upon instinct (such as a conviction in upholding the quality of the brewing process, versus focusing solely upon cost). Past experience often dictates assessment of trends, such noting that a particular flavor of beer did very poorly in the past.
These same qualitative factors may also be brought to bear upon industry assessment of cyclical and seasonal trends. Also, in the case of these trends, it is easier to use quantitative analysis. For example, if demand for higher-priced beers drops during recessions, the company…

Sources used in this document:
References

Elfner, E. (n.d). An introduction to forecasting. SNC. Retrieved from:

http://home.snc.edu/eliotelfner/333/rocks/intro.htm
Cite this Document:
Copy Bibliography Citation

Related Documents

Brewing Industry Beer
Words: 796 Length: 3 Document Type: Term Paper

Brewing Industry The beer brewing industry is an important contributor to many economies of the world including that of the U.S.A. In this paper we shall give an overview of U.S. beer industry. It will contain a brief summary of the current trends in the industry and major players, the effect of the brewing industry on the U.S. economy, external environment facing the beer industry, and the opportunities and the

New Belgium Brewing Ethical and Environmental Responsibility
Words: 680 Length: 2 Document Type: Term Paper

New Belgium Brewing Company New Belgium Brewing: Ethical and Environmental Responsibility What are the main facts of the case? The New Belgium Brewing Company is a small, relatively 'boutique' beer company specializing in the production of unique beers that are brewed in small batches. The company until recently relied mostly upon 'word of mouth' advertising and social media. It markets itself upon quality, in contrast to its major rivals such as Coors. Its

New Belgium Brewing Nbb Has
Words: 365 Length: 1 Document Type: Case Study

Interestingly however, research does demonstrate the by building the image of the organization, customer response to the organization can be quite positive regardless of the industry in which the organization operates (Xiaoli and Heo, 2007). Overall, business ethics can serve as the impetus for the development of a strong internal culture that pervades to the exterior of the organization and encompasses customers (McDonald, 2007). This appears to be what

Social Media Marketing Plan for Brisbane Brewing Company
Words: 3732 Length: 11 Document Type: Marketing Plan

Brisbane Brewing Company - Social Media Marketing Plan Through a marketing plan based on a social media platform, Brisbane Brewing Company is targeting consumers of alcoholic beverages of the ages 18 and 25. Due to their unique tastes and individual traits they should not be viewed as your common-place beer drinkers since they are crafty. And because they mainly interact through social media, many firms have now adopted this mode of

Molson Coors Brewing Company Despite
Words: 315 Length: 1 Document Type: Research Proposal

In this scenario, the inefficiencies were pegged to the lack of a unified approach in the meaning that both parties saw themselves as individuals. An actual unification between the two companies has as such yet to be reached. Each family maintained and appointed its own representatives within the leadership of the greater company. This however meant that the board would often be divided between Molson and Coors and the conflicts

Global Brewing Industry Has Taken
Words: 1275 Length: 5 Document Type: Term Paper

3) (Merrett, 1998, p. 238) the larger companies seem to have an endless level of access to labor and capital, creating a stable situation, as they often seek marginalized areas with easy access to supplies that are otherwise labor rich, but job poor. (Merrett, 1998, p. 238) Buyers: Buyers are significant only in that, buyers for beer are in every corner of every market, tough they play a much more significant

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now