About WeatherBELL Analytics
WeatherBELL Analytics LLC is a meteorological consulting firm that assists weather sensitive businesses to better manage their weather risk. Our forecasting team is led by two meteorologists, Joe Bastardi and Joe D'Aleo, both of whom are widely acknowledged for their skill in short, medium, and long term weather forecasting. Their proprietary techniques and combined experience of more than 60 years provides a distinct competitive advantage to WeatherBELL Analytics clients.
The United States Department of Commerce estimates that nearly one-third of US economic activity ($3.8 trillion) is affected by weather. WeatherBELL Analytics identifies opportunities where our forecasts diverge from standard market forecasts. We help our clients identify the geographic region affected; the elasticity of markets given the magnitude of the weather event, the supply/demand characteristics of the influenced market and the impact the weather will have on prices given certain seasonal factors. The following industries can benefit enormously from accurate forecasts.
Energy - Weather Forecasting
Weather is a principal driving factor of energy supply and demand, and consequently, energy prices. Cold temperatures lead to increased energy usage for the purpose of heating homes during the winter season just as hot temperatures in the summer season lead to increased energy usage for cooling. WeatherBELL Analytics’s forecasting team has an uncanny ability to predict seasonal temperature schemes, which assists energy companies in hedging prices and making intelligent decisions with respect to the power grid.
WeatherBELL Analytics tropical cyclone expert, Joe Bastardi, is renowned for his ability to predict tropical cyclone formation and track well ahead of the market. Due to the impact of tropical cyclones on energy supply, this information is critical for energy companies.
WeatherBELL Analytics GIS software enables a comprehensive visualization of energy data combined with weather forecasts. Additionally, WeatherBELL Analytics meteorologists are available to clients when critical decisions need to be made.
Agriculture - Weather Forecasting
The Agriculture industry is heavily influenced by climate and weather. WeatherBELL Analytics identifies different geographic regions at different times of the year where weather plays a significant role in commodity prices. Crop and livestock productions are directly subject to changes in and extremes of weather. Subsequent yields in crops and livestock are directly responsible for the prices of agricultural commodities and the overall financial success of farmers and agricultural companies and traders.
WeatherBELL Analytics provides companies and investors in the industry with unparalleled expertise in short and long-term forecasting specific to agriculture. Having accurate and relevant weather forecasts enables agriculture clients to anticipate the timing of peak demand, thus ensuring that products are in place when the sales price is at a maximum. Long-term weather forecasts also help clients minimize product loss in instances of severe weather, such as flood or drought.
Our Geographic Information System (GIS) visualization software, Skyline Globe, allows agriculture clients to fuse their own proprietary data with our weather data and forecasts. This allows our agriculture clients to easily visualize their major business variables and make key operating decisions.
Retail/Supply Chain Management - Weather Forecasting
It is critical for retailers to account for weather when making supply chain decisions. Weather conditions such as extreme cold or heavy snow impact consumer demand. Seasonal merchandise, in particular, has a long lead-time and is dependent upon predictable consumer demand. Having the appropriate inventory enables retailers to both expand the top line and improve bottom line margins.
While many retailers have detailed supply chain management models that optimize the distribution and flow of merchandise, most of these models disregard the effects of weather, a key demand driver. Weather impacts demand variably with respect to time, location, and product. Ignoring the effect of weather on the supply chain can result in grossly misallocated inventories and lost revenue due to lack of supply in certain locations and oversupply in others, as well as the mispricing of merchandise and mistiming of sales.
WeatherBELL Analytics provides highly accurate short, medium, and long term forecasting. When combined with internal company sales data, retailers are able to prepare and adjust inventory appropriately to maximize revenues and profits. Informed supply chain decisions can be made on a seasonal level and adjusted on a short-term scale as WeatherBELL advises of major weather events that will affect consumers. The guidance of WeatherBELL Analytics will ensure that retailers have the right merchandise at the right price in the right place at the right time.