Business decisioning data and analytics provider, Dun & Bradstreet, has announced that it has introduced a COVID-19 Impact Index. The seeks to address the urgent needs of business leaders to better understand the real-time impacts of the pandemic on companies and their network of suppliers and customers.
The analysis is based on evolving local conditions and ranks a company’s level of risk and potential business disruption in comparison to others on a scale of 1 to 100, with 1 being the highest risk. The index is designed to identify supply chain disruption, credit and collections risk, and to help protect revenue.
Analysis of the latest available data sources, including Dun & Bradstreet’s own commercial information, found businesses in Northern Ireland are most affected with an Overall Business Impact score* of 35 compared to 49 in England, 63 in Scotland and 70 in Wales. The latest analysis shows that the South West and East Midlands are the most impacted regions with the North West and North East currently seeing less impact to date, but the rankings are changing regularly. Unsurprisingly, industries exposed to the most risk and disruption include food and beverage and accommodation; telecommunications and public administration are the least impacted sectors at present.
Chris Laws, Head of Product & Strategy at Dun & Bradstreet said “The aim of our COVID-19 Impact Index is to provide our clients with a view of how the virus is impacting their network of partners, customers and suppliers.”
“Gaining more visibility of the ‘ripple effect’ on businesses across different regions and industries can help companies as they assess the impact of the pandemic on their operations and develop recovery plans for the future.”