Though Home Depot (HD) was caught up in the early COVID‑19 market turmoil, it is better positioned to weather the crisis thanks in part to consistently above-average cyber governance overall (4-star rating out of five stars) and a 5-star leader in its peer group. This takes on greater importance for a consumer staples company with a business-critical digital strategy that drives greater margins and improved productivity. HD was already well-along in the execution of this strategy before the lockdowns commenced—a strategy Cyberhedge views as a solid hedge against macro events such as COVID‑19 and a recession.
Why does cyber governance matter?
Home Depot’s strong financials and solid technology management program put the company in a better position to weather the COVID‑19 crisis relative to other Consumer Staple peers. Though Home Depot was caught up in the COVID‑19 market turmoil, it is better positioned to weather the crisis thanks in part to consistently above-average cyber governance overall and a 5-star leader in its peer group.
What does the company need to do moving forward?
An above-average performer on cyber governance overall, and a 5-star leader within its peer group, HD has the financial capacity to better secure its ongoing digital transformation through targeted investment in people, policy, and process, including QA for technology management.