By Jacob Wolinsky. Originally published at ValueWalk.
Retailers help curb the spread of COVID-19 according to study conducted by South Jersey-based firm
Q4 2020 hedge fund letters, conferences and more
The Retail Industry Helped Curb The Spread Of COVID-19
According to studies conducted by South Jersey-based integrated facilities management firm NEST, the retail industry has done their part to curb the spread of COVID-19 since April 2020. A data set of reactive janitorial work orders across multiple specialty retailers shows the fluctuation in cleaning jobs, at minimum, runs parallel with national COVID cases (see attached). At certain points, the data shows the trajectory of incremental cleanings exceeds daily COVID cases. These cleaning jobs are above and beyond standard janitorial work that retailers regularly implement.
“When our data analytics team overlapped the national COVID numbers with the number of our cleaning jobs nationwide, it was amazing to see how the numbers mirrored each other,” said NEST’s CEO Rob Almond. ”It really shows that our retail partners stepped up to make sure their local stores were clean and the customers and employees were in a healthy environment. It’s clear the retail industry and our retail partners did their part to help mitigate the spread of the virus while spurring economic activity with safe and open stores.”
As an example in the graph below, when new COVID cases surpassed over 300,000 on a single day (Jan. 8, 2021) the work orders for additional cleaning jobs also reached a high point.
About NEST
NEST is the pioneer of the Integrated Facilities Management (IFM) industry in the United States and Canada since 1994. NEST’s Integrated Facilities Management solution pairs financial acumen and business analytics with a strategic consultative approach. Real-time data, reporting and analytics technology empowers business leaders and facility management teams with the informed insights that enable them to make smarter decisions. To learn more about NEST, visit enterNEST.com or follow NEST on LinkedIn.
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