Source: PwC
Published: November 2020
CGCC member company PwC recently
published “Election 2020: Tracking the top policy issues at play and their
business impact.” Final election results have been delayed. As America prepares
for a period of uncertainty, businesses must stay on top of updates and
continuously model potential scenarios to ensure their strategies remain agile.
This comprehensive webpage provides a look at
various ongoing U.S. policy issues at play and their business impacts.
Policy indicators to watch with lack of clear outcome in
US election
Hopes for a clear result in the US presidential election
have been dashed with a handful of states still counting ballots and neither
candidate projected to have secured the 270 electoral votes required to win.
Although President Trump has declared victory and Democratic candidate Joe
Biden has expressed confidence that he is on the path to victory, officials are
preparing the public for delayed results due to the surge in mail-in ballots
and close election day results in key battleground states. That alone should go
far to moderate reactions to the election, but businesses and the capital
markets will nonetheless prepare for an environment of uncertainty where
outlooks for policy impacts can change overnight.
Continued divided government is one of the more likely
outcomes at this stage. While Democrats are on track to remain in control of
the House, Republicans are expected to retain a Senate majority. Keeping one
step ahead of developments is a necessary challenge. Stay on top of the
information, accurately interpret the data, and prepare to model out potential
scenarios to confirm your operations and strategies are agile. Broaden risks
under consideration, such as civil unrest or divisiveness in the workplace, and
consider their impact on productivity.
If smart planning before the election meant assessing impact
in areas where candidates were the furthest apart, companies might now look to
areas where bipartisan consensus has been building — as this is where policy
could be more likely to take flight, depending on the outcome.
What
can businesses expect over the coming days? CLICK
HERE to
read the full webpage