Pandemic Revenue Index shows 8.5 percent decline
The weekly Pandemic Revenue Index has fallen back into negative territory after a one-week respite.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of June 8-12, 2020 indicated an 8.5 percent decrease compared with the same week a year ago.
That compares to a 0.3 percent increase for the week of May 25-29.
IRCG’s distributor Pandemic Revenue Index gives distributors a weekly quantified view into how other distributors in the industry are faring as the global COVID-19 pandemic progresses.
The decline comes after seeing the index rise from its depths in mid-April to being relatively flat for the past two weeks. The decline is still smaller than any of the prior declines between March and mid-June.
“The swings in business this week were very large — much larger than what we’ve typically seen previously. The largest swing versus last week was 34 percent and the average was 13.4 percent. With this level of volatility, we can’t be certain where things are headed,” said Mike Emerson, IRCG partner.
Find free resources for distributors on responding to the pandemic, including a cash flow modeling spreadsheet and instructional webinar, and a cost-reduction planning webinar, at IRCG’s website: ircg.com/stress-testing.
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