Pandemic Revenue Index declines 5.5 percent
Indian River Consulting Group’s weekly Pandemic Revenue Index for the work week of June 13-17 indicated a 5.5 percent decrease compared with the same week a year ago.
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 plateauing trend with mid-single-digit declines continues, at least for now,” said Mike Emerson, IRCG Partner. “It will be interesting to see how things play out over the next few weeks. Unless legislation is passed, the federal stimulus that has been supporting the economy to some degree will have fundamentally tapered off while the effects of the pandemic on society at large do not seem to be improving in many parts of the country.”
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.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
