Pandemic Revenue Index increases by 13 percent
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Feb. 22-26 indicated a 13 percent increase compared with the same week a year ago.
The sample size for the week is 13 firms. Seven respondents reported increases, with three greater than 50 percent while six companies saw declines ranging from 3 percent to 11 percent.
IRCG’s distributor Pandemic Revenue Index was created in March 2020 to try and provide a contemporaneous view on prevailing business conditions as the coronavirus began disrupting business. The index is made up of wholesale distribution companies in different industry verticals across the United States. Participants include companies with local and national footprints.
“Next week will be a complete year since the world changed during the second week of March 2020. This will be the penultimate publishing of the PRI. After next week, year-on-year sales change will have much less meaning as our baseline will no longer be before the pandemic,” said Mike Emerson, IRCG partner.
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