Benchmark & Forecasts
Strategic decisions for a company are the major decision which involves a high level of risk. Often these decisions are taken without proper forecasts other than just assuming that historic trends are more or less going to continue. Assuming that if the market is growing it will more or less grow in future and if it is declining it will maintain the same trends.
Whether the decision is to a new product development, merger & acquisition, strategic alliance or entering a new market it involves a lot of resources commitment, so the decision can fraught with high-level risk. As competition is growing the scope of error in decision making is negligible, therefore, it becomes explicit to have the decision based on an accurate forecast.
With this, we have benchmarked the different forecasts for Plastics Industry. It gives the comparison of the growth prospect of the different segment of Plastics Industry.