In September 2022, 365 Retail Markets announced a new partnership with Custom Data Solutions, Inc. (CDSI), which is the country’s leading data collection, processing, and reporting company.
At the center of the partnership is the goal to provide value and insight to manufacturers. Whether it be through optimizing product mixes or better understanding consumer preferences, the right data can open a world of opportunity. Future plans will lead to leveraging data around the billions of transactions that take place on the 365 Retail Markets’ platform.
To understand how 365 is working towards these goals, it is helpful to first take some time to understand more about who CDSI is and what they do.
In the rapidly evolving landscape of the consumer-packaged goods (CPG) industry, timely and accurate data has emerged as a critical asset for making informed business decisions. To harness the power of data effectively, CPG companies have been turning to CDSI as a leading provider of tailored data solutions. Here we will explore how CPG companies leverage CDSI to drive strategic business decisions and enhance operational efficiency, which can then translate to better intelligence and more robust sales for operators.
Real-time Data and Agile Decision-making
In today’s fast-paced business environment, agility is key to staying competitive. Custom Data Solutions Inc. provides CPG companies with real-time data analytics capabilities, enabling them to make timely and agile business decisions. By accessing up-to-date data, CPG companies can respond quickly to market changes, identify emerging trends, and adjust strategies accordingly. Real-time data empowers CPG companies to be proactive rather than reactive, giving them a significant advantage in a dynamic market and helping ensure their product meets consumer demands.