Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of June 22-26, 2020, indicated a 11.4% decrease compared with the same week a year ago.
That marks three consecutive weeks of declining revenues for distributors after a brief uptick during the last week of May. And the best word to describe the status of the index is “uncertain,” according to IRCG.
“Where it goes from here is anyone’s guess, although macro signs point down with delays and even some reversals on relaxing pandemic-related restrictions,” said Mike Emerson, IRCG Partner. “There remains a fair amount of sales volatility among the distributors participating in the index.”
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.
Also read: Last week’s PRI