Agriculture Markets Analysis & Forecasts

L3 WESCAM designs and manufactures industry-leading multi-spectral and multi-sensor EO IR imaging and targeting sensor systems. In this video, L3 Wescam Vice President, Government Sales and Business Development, Paul Jennison, explains what it is about media solutions from Jane’s by IHS Markit that he especially values and how Jane’s helps him to reach key decision makers.

One of the world’s largest oilfield service providers enhanced the forecasting accuracy of its oil rig count model from 90 to 97.6 percent, predicted the impact of price changes on customer spending and demand for product lines (by leveraging 3,500 factors) and created a model that predicted the deflation of WTI crude oil prices in late 2014.

When a global agriculture company standardized on one source of market intelligence for purchasing, it surpassed a goal of $500 million in savings by almost 35%. Savings included $9 million from a supplier that was 50% less expensive and $11 million from integrating logistics with procurement, as well as gains from a hedging strategy to manage fluctuating prices.

One of the world’s largest privately owned food/agribusiness companies delivered millions of dollars in value over 4 years through enhanced global sourcing. Its strategic sourcing team used market intelligence to manage price volatility for both the company and its suppliers so they can deliver greater value to customers.

A top manufacturer of medical supplies reduced commodity costs by millions of dollars within 18-20 months and enabled its team to negotiate better rates – e.g., pushing back on 6 commodity cost increases in 8 months due to more accurate pricing data. Enabling tighter forecasts and improving workflows helps the company serve consumers more effectively.