Dun & Bradstreet, a leading global provider of business decisioning data and analytics, introduced the COVID-19 Impact Index, a new resource – based on client feedback – that addresses 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.
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Following the movement of the virus across the U.S., Dun & Bradstreet concludes that while 90 percent of businesses across the U.S. have been impacted, 43 percent of businesses in the high impacted states of New York, New Jersey and Pennsylvania, are most challenged to continue operations as a result of the pandemic’s impact in their area at this time. Industries with the highest impact include restaurants and socialization places, beauty shops, merchandise retailers, and real estate, due to government enforced non-essential business shutdowns. Inversely, 83 percent of businesses across Wyoming, Minnesota and Vermont have seen a low level of disruption to their commercial operations. Lowest risk industries in these states include business services, farming and single-home contracting.
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“Companies of all sizes are being bombarded by crisis management tactics on a daily basis, but what our clients are challenged to see is how this pandemic is taxing their own operations, including their network of partners, customers and suppliers,” said Brian Alster, General Manager, Third-Party Risk & Compliance. “With Dun & Bradstreet’s COVID-19 Impact Index, clients are able to see – for the first time – the ripple effect that the pandemic has had across their entire global network – down to the companies and specific regions in which they operate. This level of granularity can greatly change the way companies view their plans for stabilization and growth.”
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