Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of June 8-12, 2020, indicated an 8.5% decrease compared with the same week a year ago.
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% and the average was 13.4%. With this level of volatility, we can’t be certain where things are headed,” said Mike Emerson, IRCG Partner.
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.