Feature

What the US Election Means for Global Business

By Noah Kirsch

09/16/2024

Directorship Magazine

Photo Credit: iStockphoto / Vectorstockstuff / Zaie 

In an unpredictable business climate, agility is essential. Boards must be prepared to adapt swiftly to unexpected changes that the US election may bring on the global front.

 

 

Key Actions for the C-suite

  • Evaluate currency risks. Analyze currency risks in countries where your companies operate, keeping a close eye on the potential impacts of reduced dollar hegemony, however unlikely. 
  • Implement hedging strategies. Use hedging to manage currency volatility and supply chain risks effectively. 
  • Anticipate international policy impacts. Assess how the next administration’s approach to international conflicts, such as the Russia-Ukraine war, may affect European supply chains, fuel costs, and international financial markets. 
  • Monitor China's influence. Keep an eye on China's impact on global commerce, including trade relations and supply chain dynamics. 
  • Engage in strategic planning. Proactively manage risks and prepare for potential instability resulting from election outcomes. 
  • Support stability. Advocate for civics education and use your credibility to uphold America’s democratic institutions in a nonpartisan way, ensuring a stable political environment for business operations. 

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Noah Kirsch is a contributing writer for Directorship.