Pandemic Revenue Index shows gain for final week in July
For the second time in July, the weekly Pandemic Revenue Index showed slight growth.
Indian River Consulting Group’s weekly Pandemic Revenue Index for the work week of July 27-July 31 indicated a 1.4 percent increase 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.
If the week that included July 4 is excluded because it included an extra business day, this is the largest increase the index has shown since the week of March 9, which is the week immediately preceding the pandemic-induced downturn. Half of the index participants saw a sales gain last week topping out at 17 percent, with the largest decrease reported at 12 percent.
“As much as last week was a sight for sore eyes, it’s going to take a series of weeks before we can start to draw any conclusions considering all the conflicting data we are seeing elsewhere,” 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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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.
