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