To better understand the real-time impacts of the pandemic on companies and their network of suppliers and customers, Dun & Bradstreet has launched the COVID-19 Impact Index.
According to the press release the Index supplements Dun & Bradstreet’s risk scores and provides a view of the potential impact of the pandemic on a business’ operational activity, as well as its network of suppliers and customers. It is available in North America and is expected to launch in the U.K. and other regions in the coming weeks.
From the press release:
The Index is based on the evolving local conditions of the pandemic and ranks business entities with respect to one another. The Index compliments other decision-making data and resources to help inform the following use cases:
1. Identification of suppliers that present significant potential supply chain disruption
2. Counter party credit risk and collections prioritization
3. Revenue protection and sales prospect prioritization
The new Index ranks a company’s level of risk and potential business disruption on a scale of 1 (highest risk) to 100 (very low risk) based on four factors:
- Location Impact – An assessment of a business’ site and corporate family locations subject to a variety of government enforced restrictions, weighted by the number of local confirmed cases and growth rates.
- Industry Impact – The impact to a business based on industry classification and whether it is identified as an essential or non-essential business, with further specification on its ability to operate remotely or with physical presence.
- Company Health Impact – An assessment of a company’s health using existing Dun & Bradstreet predictive scores, which are a predictor of a business’ ability to survive post-disaster.
- Network Impact – A holistic view that connects businesses with their network of customers, suppliers, or other third parties using Dun & Bradstreet proprietary data.