IRCG Weekly Pandemic Revenue Index drops 0.7 percent
Decline marks first drop since the beginning of August.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Sept. 21-Sept. 25, 2020, indicated a 0.7% decrease compared with the same week a year ago.
When looking at average daily sales, this is the first decrease since the beginning of August (Sept 7-11 was a four-day week versus a five-day week in 2019).
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.
“Seven companies reported decreases with four of them being double digit decreases. One index participant was flat and of the four companies that saw increases, the range was from 13% to 36%, so there is still a fair amount of variance among the participants,” 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.
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
This digital edition is sponsored by BECK AMERICA Inc.
Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
This digital edition is fully searchable and contains live links to every advertiser and new product listing. Click away!
