Auto Companies Most Prepared for COVID-19 Recovery
Some companies, like Toyota, are positioned better than others
There are tremendous uncertainties to companies as COVID-19 continues to affect society. Using Revelio Labs workforce data and its suite of data analytics software tools, we have created a model to measure this risk (for a more comprehensive view, please see our full white paper).
Many companies are organized around remote work and distributed teams, which require custom models of management and employee culture. Presumably, these roles are well positioned to deliver without much disruption to a company’s operations. However, roles that are organized around colocation — manufacturing, retail, etc. — will have a much harder time adapting to recent changes. To identify this distinction at companies, we measure employee concentration using the Theil Index, which is widely used to understand population density, wealth concentration, and even informational redundancy.
Having applied these approaches across the automobile industry, we have created a company score that rates each company’s risk during the COVID-19 pandemic. Below are the results of which workforces are least to most vulnerable:
It is also worth noting that from our last published list on 3/17/20, Boeing, which showed to have a highly vulnerable workforce, has since announced plans to lay off 10% of its workforce.
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As Revelio continues to monitor this crisis with its data analytics software tools, we will continue to update this data daily for all companies (public and private). If you have any questions, or would like to receive this data on an ongoing basis, please feel free to reach out! Please also feel free to check out our research on airline preparedness amid COVID-19.