The Global Phoenix - Issue 3 August 2017 | Page 29

Local DSPs in countries where prices fluctuate wildly keep their clients and partners updated through blogs and bulletins. In the example mentioned previously, Argentina, ‘Labs’ release a bulletin entitled ‘Argentina Today’ every four months. Collaboration Key to Forecasting Trends While the local supplier can provide data that will impact supply (local market conditions, plans for development of a specific city area, infrastructure improvements, etc), it is corporate that holds information on major factors that affect demand ( plans for startup or expansion into a specific destination, a group move or joint venture project in a specific area). Pooling this knowledge will facilitate accurate forecast of trends. Addressing each one of the challenges in data supply will ensure Accurate, Transparent and Current data on which corporate can ACT Author: Sarah Langmead; Founder and Owner, COSMOS Consult. Sarah’s experience in global mobility dates back almost 20 years. In 1998 she co-found- ed a DSP and Immigration Firm, and spearheaded its expansion into what was then eastern Europe and Africa for total EMEA coverage. The lack of available accurate data led to the formation of Cosmos Consult, a data supply firm that produces reports and surveys used by global data supply companies. Cosmos Consult specialises in hardship destinations. www.cosmos-consult.com www.theglobalphoenix.org Page 29