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PwC looks ahead to 2021

Dec 18
Tags: PwC
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PwC looks ahead to 2021

It is only natural at this time of year to look back over the past 12 months and predict what the new year will bring, and PwC UK chairman Kevin Ellis has done just that.

After 2020 defied everyone’s expectations, he’s hoping the rollout of the vaccine will grant business leaders the opportunity to plan more effectively in 2021.

Mr Ellis added that PwC is well positioned to help clients tackle whatever challenges come their way over the course of the year.

He said: “Since the summer, we have seen demand increase month by month as clients accelerate the transformation of their businesses, embed new technologies, overhaul their business models to deliver Net Zero and reconfigure their supply chains.”

As 2021 looms on the horizon, Mr Ellis predicted the economic recovery in the wake of the virus is likely to be deals-led.

With increased capital markets activity it’s also good news, as this is likely to drive demand for services.

Looking back at 2020, the chairman said he’d been impressed with the resilience of the staff at PwC and how adaptable to new ways of working they were.

While the pandemic created exceptional circumstances, there was a clear response from the start, which allowed PwC, its partners and clients to keep going and achieve some growth.

PwC has continued to work on its regional presence during 2020 and this is a trend that will continue throughout 2021.

New offices in Birmingham and Watford, as well as increased space in Bradford and plans to move into a larger office in Belfast, will play a vital role in the new balance between working from home and going into work for PwC staff.

Mr Ellis added: “As a UK-wide business, we see the economic and societal benefits of levelling up our own operations across the country.”

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