Distributor revenue losses appear to have moderated, according to the latest Indian River Consulting Group (IRCG) weekly Pandemic Revenue Index. The PRI for the work week of July 13-17 indicated a 5.5% revenue decrease compared with the same week a year ago.
The PRI has shown only one double-digit decline in the last eight weeks.
“The plateauing trend with mid-single-digit declines continues, at least for now,” said Mike Emerson, IRCG Partner. “Three participants posted gains this week while only one posted a decline greater than 20%, which mirrors last week, although the specific companies were not the same.
“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.”
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.