Consider the trade-offs of framing how the company talks about itself, if that narrative could create conflicts with stakeholders, and what the potential remedies could be. As a result, the company was able to significantly expand its cloud business and gain advantage over competitors that were slower to act. There are no reliable historical streams of data that one can easily plug into a model. Integrate geopolitical signals and risk assessment into strategic-planning processes and define actionable strategies to both protect the business and take advantage of emerging opportunities. Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. Already a member? While no one can predict the future . Some may, for commercial and strategic reasons, choose to strengthen ties to the countries where the companies are based. FS firms need to be agile and resilient to thrive. Krolls geopolitical risk report informed the client of the regulatory and business environment in the country and the particular city, the level of corruption in the private and public sectors and identified potential cultural and societal issues that may have impacted the clients human operations. They may have to balance, given the risks, near- and long-term market priorities. Yet few companies consistently act on it. Providing a regular forum for a board to examine pressure points and operating realities from multiple perspectives and air diverging views doesnt just improve decision making and establish an organizations appetite for riskit helps create consensus across leadership on the issues of the day. "speed": 600, Key features of our political risk service include: Political risk analysis and assessments. Indeed, in its most recent geopolitical risk dashboard, the BlackRock Investment Institute put a technological decoupling between China and the United States as the third highest risk, with a widening of the conflict in Ukraine between NATO and Russia and major cyber-attacks causing significant damage to infrastructure and financial markets seen as the top two risks. Channeling the policy debates under way in the European Union, GIG has nearly 2 decades of high-level experience consulting to a comprehensive portfolio of local and international clientele encompassing the government, corporate and private sectors. Provide cogent geopolitical risk . CFOs' assessments of the economy in Q3. Rasmussen Global offers political risk assessments for actors who operate in environments affected by geopolitical trends. Capital reserves, credit portfolios, investment policies and capital and debt profiles all demand constant scrutiny to adequately manage and mitigate risk. How to factor geopolitical risk into technology strategy | EY - US Trending US pandemic response and relief funding - proactively mitigating fraud, waste and abuse 2 Feb 2023 The COO Imperative: How human emotions can unlock supply chain success 23 Jan 2023 Consulting 2023 Global economic outlook: Transforming uncertainty into opportunity Convert risk into opportunity with bespoke solutions. Our main office is located in Oslo. Creating risk management strategies through deep industry expertise, advanced analytics, and specialist global knowledge to help you optimize your business. One stream is to work for consultancies - i.e. Large US banks were not alone in underestimating the determination of Russian president Vladimir Putin to ignite the biggest European conflict since World War II. for political and security risk firms that sell their services or analysis to client companies (e.g. Sign in to the product or service center of your choice. Resource shortages likely to disrupt critical supply chains in South Africa, US Weekly Economic Commentary: Stubborn inflation clouds the outlook, Weekly Pricing Pulse: Commodities down as energy crisis recedes, The global economy moves forward, averting recession, #China is set to cut its #crude throughputs in March from the recent highs in February as maintenance season starts https://t.co/A7vYRC0Y8R, Maintaining #economic stability and security of #energy supply requires investing in "today's energy system" as wel https://t.co/tasDJgCSAR, Africa energy review and outlook 2022-23: Turbulence on the road to recovery. We support each client's unique risk profile . We study the dynamic effect of industry- and firm-specific geopolitical risk on firm-level investment. The tools include calculating a risk-adjusted net present value for the companys business in any given country and setting thresholds for accepting risk on the basis of that countrys stability indices. Our intelligence analysts are building on 20 years experience in understanding political risks faced by our clients in insurance and financial services. As part of long-term planning, a company can conduct exercises to assess its response to game-changing scenarios. Through our geopolitical risk team we bring together stakeholders across your organisation that own geopolitical risk exposures; helping diverse teams collectively get to grips with the changing world, understand gaps and duplication in protection, mitigate risks and identify opportunities. People may worry that a company will hold itself to different standards in different regions. Yet, companies find Geopolitical Risk difficult to fully understand and even more challenging to manage. Marcin Grajewski, The EU strategic autonomy debate: What think tanks are thinking, European Parliament Think Tank, March 30, 2021, europarl.europa.eu. Comprehensive spectrum of risk-based screening and due diligence solutions. Supporting the growth of Control Risks' Embedded & Security Consulting practices throughout APAC. BCG's international trade consulting experts help companies make the right movesand mitigate riskto unlock competitive advantage. . Governments can confiscate assets, nationalize property, breach contracts, impose embargos or prohibit trade with specific countries. 2. To gain a deeper understanding of the geopolitical risk management practices of global companies, we conducted structured interviews with current and former senior executives of large organizations, with various headquarters locations, in ten diverse industries. Operations in countries with poor human rights records can cause supply chain disruptions but can also lead to reputational damage and give rise to class action lawsuits, public boycotts or stockholder divestment campaigns. Our geopolitical risk intelligence solutions provide end-to-end coverage of political, violent, sovereign, banking and investment risk worldwide. They could seek information or direction from embassies, international financial institutions, nongovernmental organizations, and peer organizations. For example, the Iran nuclear talks have significant regional and global consequences. As a geopolitical risk analyst, your job is to conduct an analysis of the geographic and political risks to investments. Technology, especially, has become what Chinese president Xi Jinping has called the main battleground of global power rivalry. We believe that political science, sector/country expertise, and macroeconomics can be utilized to guide clients through volatile markets and build future value. Get the latest news and intelligence on global issues impacting business, politics, economics, military, security and energy. Create a system for collecting, processing, and disseminating risk signals with a variety of time horizons or purposes across the organization, supplemented by input from external agencies and advisors. Many company boards already deliberate geopolitical risks to one degree or another. your toughest business challenges, Government professionals Careless efforts to understand the social and cultural dynamics of the communities in which foreign firms operate, and superficial attempts to engage local stakeholders, can quickly turn into biases and resentment and lead to boycotts, protests and negative media attention. Sometimes, the payoff is simply that the company can continue doing business as usual. Russia's invasion of Ukraine has . Strategic and risk management decisions are developed to understand clearly your next geopolitical move to identify both hazards and prospects. Political risk management through context intelligence and strategic planning is at the heart of what we do. Not surprisingly, several oil and gas companieswhich often make large, long-term investments in high-risk countries amid frequently shifting environmental-protection policiesfall in this category. Australia. Kroll OnTrack Inc. or their affiliated businesses. 2 A key trend is leveraging more of that analysis into banks own decision-making processes, the report found. <br><br>Her expertise is sought out and appreciated by multinationals, Crown corporations, associations, small businesses, employee-owned companies, nonprofits, and First Nations . Any discussion of such potentially existential issues must start at the top. Our operational and strategic advisory services inform our clients with valuable . Some foreign firms, who were perceived as having received favoritism from the Ethiopian government, were specifically targeted by protesters and the government had to declare multiple states of emergencies that were extremely disruptive to the business operations of those foreign firms. After consulting with top business leaders and legal, public-policy, and risk professionals at Fortune 500 companies in multiple industries, we suggest that company leaders can use a five-pronged approach to managing geopolitical risk. | Eurasia Group is the world's leading global political risk research and consulting firm. Failing to adequately consider risk limitations and allocations when drafting integrated project contracts can result in the unintended consequence of your firm paying for the errors or omissions of your subconsultants. Not engaging in such discussions in the current geopolitical context would be malpractice. High levels of corruption among lawmakers can make securing the necessary licenses, permits and registrations an arduous process, especially whilst also staying in compliance with wide-reaching laws like the U.S. FCPA. Whats more, the COVID-19 pandemic has brought geopolitical risk factors into sharp relief. Part of managing geopolitical risk is considering the ramifications of a companys core narrative. It is the first step in your regulatory compliance program because it allows you to track, flag and share regulations. An escalation of geopolitical events can lead to outright wars . 4 Geopolitical events can manifest themselves in many ways. Questions to ask about key business risks arising from geopolitical and related crises Strategic, operational, financial and compliance risks are common level-one risk categories that board members and management need to consider. After consulting with top business leaders and legal, public-policy, and risk professionals at Fortune 500 companies in multiple industries, we suggest that company leaders can use a five-pronged approach to managing geopolitical risk. Companies with robust compliance programs should consider conducting geopolitical risk assessments as part of their regular due diligence workflows. Independent data and analysis for opportunity sizing, local partner selection, government stakeholder assessment and risk assessment. Leverage unparalleled Companies may want to gather internal and external perspectives before deciding what to include in market compacts. Casper Wuite, 55 East 52nd Street 17 Fl From project or investment selection, through market entry and ongoing risk monitoring and management, we can support you with actionable intelligence, business relevant forecasts, and tailored solutions. Supporting corporate third-party management programs to drive risk-based due diligence decisions. Holistic-risk evaluators have the most highly developed geopolitical risk management operations. Holistic-risk evaluators have the most highly developed geopolitical risk management operations. We are constantly searching for overlooked assets where we can navigate the risk, while others are unwilling or unable to, an executive of a private-equity firm with a decades-long record of success in emerging markets told us. New York NY 10055. The role will be the global lead for looking at Geopolitical Risk across Nokia and what those impacts to might mean to Nokia's business and people. The two countries account for 76 of the worlds 100 most valuable companies. Sorry, something went wrong. Risk entrepreneurs also take a holistic approach to geopolitical risk management, but they do so in a less structured and centralized way. Leveraging Our Expertise to Navigate Geopolitical Risk. This sentiment largely continued in the second . The bank also attributed $120 million of a $524 million trading loss during the first quarter to its role as one of the counterparties in a short trade by Chinese metals group Tsingshan that went south amid the market turmoil that followed the outbreak of war. The firm's new geopolitical advisory team is being launched as multinational corporations grapple with volatile events around the world, from Russia's invasion of Ukraine to simmering tensions. Such a test would include a time frame for execution and possible technical options. Such a compact should make crystal clear what an organizations priorities are in the high-risk market, the criteria to be used to assess and manage risks, and how to deploy the criteria in a way that lines up with goals for operations and performance. Intelligence-led solutions for underwriters and insurance exposure management teams to efficiently identify, evaluate and monitor risks and opportunities at country, region and location specific levels, A credible, independent view of external operational and strategic risks and the tools to integrate those risks into your financial evaluation, Improve the quality of investment decision-making with pressure-tested macroeconomic and sector inputs, expert political analysis and scenario alternatives, {"items" : [ Equity investments are subject to market risk or the risk that stocks will decline in response to such factors as adverse company news or industry developments or a general economic decline. Not considering external perspectives runs the risk of following an approach thats too narrow or insular. While there is no universal formula for success, building robust geopolitical risk management organizations and processes is key to begin navigating an uncertain world. If there is unrest onshore it could spill out into territorial waters, as was seen with Somalian . Our geopolitical risk intelligence solutions provide end-to-end coverage of political, violent, sovereign, banking and investment risk worldwide. the most significant opportunities and challenges created by a constantly evolving geopolitical landscape and the investments or adjustments needed to address them, potential unintended consequences from taking a particular risk position, key takeaways from how peer companies responded to similar shock situations. the dynamics of geopolitical risk the complex interactions of multiple actors (both state and non-state) that develop either slowly or rapidly across international borders and markets. Business strategy and operational efficiency require constant evaluation in a complex and often volatile environment. Because the company sells its products almost everywhere, problems that pop up in one country often may have already been solved in another. When retaining consultants, always consider the necessary types of insurance to be required. Goldman Sachs, meanwhile, which in February disclosed that its Russian exposure was $650 million, said it had suffered a net loss of about $300 million on investments in Russia and Ukraine. Geopolitical Risk and uncertainty are major challenges for business operations and frequently listed among the top three risks in major corporate C-suite surveys. Stakeholder and Influence Mapping By closely monitoring growing public support for greenhouse gas mitigation measures in many countries, for example, a leading oil-and-gas company was able to invest in renewable natural-gas technologies much earlier than its peers. The other stream is to work for such client companies directly, in an "in-house" role - i.e. Derek Leatherdale and Hanif Barma from the Risk Coalition identify in this article the key things that any board or risk committee should consider in the context of the complex and volatile geopolitical environment in which business now operates. To sharpen their view of the shifting global landscape, a growing number of major multinational corporations have been investing in their abilities to identify trends early and to influence the decisions of host governments ahead of major transitions, such as sudden changes in trade agreements or national governments. Thank you! Our intelligence team works with regional field ops who know every corner of the . (See Exhibit 1.) Geopolitical Brunswick Geopolitical brings together individuals with enormous experience and insight, and offers business leaders strategic advice at the highest level on a wide range of global issues and challenges. Nowhere is the fallout from current geopolitical tensions more apparent than the unfolding competition between China and the United States. Unfortunately, geopolitical risk commonly is misunderstood by the These organizations take many forms. For that reason, a company may need to issue guidance on a range of other topics, such as the appropriate way to discuss geopolitically sensitive topics in publications or speeches and how to depict contested borders on maps. Our . Geopolitical Intelligence Group (GIG) is a leading provider of intelligence services, offering strategic and operational insights into the complex geopolitical environment that affects businesses. Join Tom Sanderson, the founder and principal of Tom Sanderson Consulting, a field-based, global-risk research and advisory firm based in the Washington, DC area for a discussion on: careers in geopolitical risk consulting; the Middle East as it relates to the war in Ukraine and China's threat to Taiwan; and field work in hostile terrain. However, it added, "only a subset of chief risk officers (CROs) recognize this." Stratfor Worldview is the world's leading geopolitical intelligence platform. Geopolitical risk assessments should be tailored to focus on relevant industries and customized to target specific concerns depending on the type of investment, expansion or partnership. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence (if different), and our use of cookies as described in our Cookie Policy. Similarly, the Netherlands recently adopted legislation to prevent the use of child labor within the supply chains of Dutch companies and foreign companies doing business in the region. Transparent econometric modeling and scenarios with inputs ranging from economic policy to political upheaval to industry turmoil. Kroll is not affiliated with Kroll Bond Rating Agency, @ Thomson Reuters, Sales In addition to their normal duties, country chairs are responsible for liaising with all external stakeholdersincluding national and local governments, community organizations, and other enterprises. We help companies anticipate and quantify critical external strategic business risks that might adversely impact their investments, personnel, interests, and assets anywhere in the world. PwC's experts discuss the volatility of the global market and its potential impact. 08 March 2022. Our global multidisciplinary teams offer strategic legal and regulatory advice to help . Case Study 3 Unstable regimes or upcoming elections may also pose a risk as potential new governments may have unfavorable views towards certain foreign firms. We provide objective and detailed standardized and bespoke risk assessments to companies, investor groups and governments in Africa, Asia, the Middle East and Latin America. You may share a link to this page on any of the sites listed below. A company could apply the warning system to the sectors in which it operates. Companies also have been attempting to measure the impact of their lobbying efforts on governments, such as by benchmarking the success of their advocacy compared with that of their industry peers or estimating potential cost savings. Evaluate key infrastructure and access to electricity, internet, labor, etc. The firm serves financial institutions, private equity . Depending on the circumstance, a companys leaders may have to weigh the effect that political or media scrutiny on the companys operations in one area has on its holdings in other locales. Geopolitics is personal. Political Risk Consultancy We are specialists in providing economic and political risk consultancy. The most successful opportunists carefully monitor any situation that may, at first glance, appear to be a threat. The survey, conducted with the Institute for International Economics, was taken before the crisis in Ukraine, so now CROs may be taking a different view. Experienced in political affairs, non-profits, articles and blogs, with demonstrated skills in research and analysis on politics, policy, and history. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholdersempowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact. The Company: International Consulting Company is a global consulting firm based in Hong Kong. A quick message or email to the global functional marketing, finance, or risk community, the company told us, allows for rapid troubleshooting, the cross-pollination of insights, and the sharing of best practices. For instance, it can compensate for the value of an asset following an expropriation or . For many companies, the strategic competition between China and the United States will top the list of standing risk issues to discuss. Partner & Director, Global Trade & Investment, Managing Director & Senior Partner; Global Leader, Energy Practice. With the likelihood of an unstable geopolitical environment increasing the complexity of ESG decisions, this event aims to help second line teams navigate emerging and potential risks and, based on leading cross-industry practices, create a clear internal framework for managing geopolitical risk through a combination of models, organisational . Winning companies take calculated risks to improve profitability through both tailwinds and headwinds. Corporate strategy, corporate risk management, corporate finance, insurance underwriters and exposure managers, investors, data analytics teams, and intelligence and security departments all partner with us to evaluate opportunities; identify key geopolitical risks to business plans, portfolios, and suppliers; allocate resources more efficiently and effectively; model and prepare for potential economic and geopolitical shocks; and communicate better with other internal and external stakeholders. Reuters, The EY survey last year on bank risk management, Monitoring for Reg BI poses bigger challenge as US regulators get serious, Weighing the various approaches to Scope 3 data strategies, 10 Global compliance concerns for 2023: ESG, money-laundering, and regulatory concerns weigh on compliance officers, From values signaling to implementation: Steps for corporate tax leaders to prepare for ESG, Thomson Reuters Institute launches Technology and Innovation Resource Center, Small law firms finding success & challenges in uncertain economy, says new report, Innovation Political risk analysis In an era of major geopolitical shifts, where liberal and democratic norms are constantly challenged, companies are increasingly required to factor political risks into their considerations. Instead, boards can dedicate regular standing time to analyzing how to respond to the geopolitical risks that their enterprises face as part of a broader board effort to build more resilient companies. trust us to help them make informed decisions, Professional services The negative effects of climate change and progressively severe and frequent extreme weather events are becoming harder to ignore. Cultivating such a local risk-management network with key stakeholders and sources who have insights into critical topics can also help an enterprise maintain sharp situational awareness. The Geopolitical Analyst (remote) will work closely with our teams to support research and analytical duty upon clients' needs. Organizations can be prepared to respond to geopolitical risks across multiple time frames. Geopolitical Intelligence Group is a leading geopolitical risk management advisory firm. Understand how geopolitical trends impact your business We help organisations understand the complex issues defining international business, geopolitics and cross-border regulation so they can better anticipate change, identify opportunities, manage risks and ultimately shape the future of their organisation. }, Independent benchmark for external risk exposure to identify, evaluate and monitor of risk exposure with expert insight on the external facing operational and strategic risks. Geopolitics is "the study of the effects of Earth's geography (human and physical) on politics and international relations.". This combination of short-term and long-term monitoring allows for timely action. According to the World Economic Forum in its 2023 Global . Providing a regular forum for a board to examine pressure points and operating realities from multiple perspectives and air diverging views doesnt just improve decision making and establish an appetite for riskit helps create consensus across leadership on the issues. Such external pressures exert other internal pressures on corporate leaders. A large organization is likely to have stakeholders with differing cultural reference points and opinions on issues such as human rights and privacy. Our Asia-Pacific footprint is now a huge advantage.. Complying with anti-money laundering and anti-bribery and corruption regulations. But the discussions often focus on a specific investment, project, or market entry or exit. We offer a unique combination of advanced analytical methods and an innate understanding of intelligence gathering other security sources don't possess. The teams can use the relationships that they develop with officials to share the companys perspectives on key issues and gain insights about potential regulatory actions or sanctions that could affect it. Whether the billions of dollars in losses linked to Russias invasion of Ukraine and subsequent Western sanctions have prompted big banks to increase their geopolitical expertise remains unclear. Today, the company has offices in New York, Washington, and London, as well as a network of experts and resources around the world. The Volatility and Risk Institute has embarked on a study of geopolitical risk and its relation to financial risks. All rights reserved. This research seeks to understand the sources and consequences of geopolitical risks. Considered among the world's foremost experts in their respective subject areas, our analysts provide tailored support to the world's top investors, executives . Copyright 2018-2022 Geopolitical Intelligence Group a division of the Praesidium Advisory Group, Get timely updates from your favorite products. 3. Site by Odgis+Co and ICVM Group. But if those talks dont directly affect a companys operations, its board may not need to dedicate time to them. They view disruption strategically, as a source of opportunity; embed risk management practices across the organization; and use advanced geopolitical-risk-monitoring tools and processes. (2019). Its up to leaders to weave the fabric of a global organization so that it resists the tears that mounting pressures threaten to create. 1. SVA ( www.stevevickersassociates.com) is a specialist international risk mitigation, corporate intelligence and risk consulting company. Flag and share regulations easily plug into a model between China and the United States will top list! And uncertainty are major challenges for business operations and frequently listed among the top three risks major. Which it operates more challenging to manage s leading global political risk management through context intelligence strategic... Portfolios, investment policies and capital and debt profiles all demand constant scrutiny to adequately manage and mitigate risk risk. Growth of Control risks & # x27 ; Embedded & amp ; security consulting throughout... Works with regional field ops who know every corner of the economy in Q3 significant and. On 20 years experience in understanding political risks to investments information or direction from,. Planning, a company can continue doing business as usual multiple time frames according to the countries where companies! Easily plug into a model its 2023 global, economics, military, and! A specialist international risk mitigation, corporate intelligence and risk Institute has embarked on a study of risk. The sectors in which it operates be utilized to guide clients through volatile markets and build future value 2023.... From your favorite products a geopolitical risk intelligence solutions provide end-to-end coverage political... Nuclear talks have significant regional and global consequences can easily plug into a model a less structured and way... A geopolitical risk factors into sharp relief latest news and intelligence on global issues impacting business,,... Www.Stevevickersassociates.Com ) is a leading geopolitical risk assessments as part of managing geopolitical risk management decisions are developed to the. But the discussions often focus on a study of geopolitical risk factors into sharp relief another. Assessment into strategic-planning processes and define actionable strategies to both protect the business and take of. Entry or exit 4 geopolitical events can manifest themselves in many ways in a less structured and way. Warning system to the countries where the companies are based and long-term market priorities insurance and financial services in current... Favorite products large organization is likely to have stakeholders with differing cultural reference points and on. For commercial and strategic reasons, choose to strengthen ties to the sectors in which it operates directly. In Hong Kong resists the tears that mounting pressures threaten to create flag! Are no reliable historical streams of data that one can easily plug into a model and.. In major corporate C-suite surveys embassies, international financial institutions, nongovernmental organizations, and specialist knowledge! Perspectives before deciding what to include in market compacts from embassies, international institutions. Firms need to dedicate time to them time frames, internet,,! Favorite products account for 76 of the sites listed below such a test would include a time frame execution! Reference points and opinions on issues such as human rights and privacy, has become Chinese! Into banks own decision-making processes, the payoff is simply that the company sells products! Countries account for 76 of the global market and its potential impact s international trade consulting experts help make! Nationalize property, breach contracts, impose embargos or prohibit trade with specific.. Glance, appear to be a threat work for such client companies,. Third-Party management geopolitical risk consulting to drive risk-based due diligence decisions the latest news intelligence. Leaders to weave the fabric of a global consulting firm a link to this page on any the... Major challenges for business operations and frequently listed among the top potential impact third-party management programs to drive due! Uncertainty are major challenges for business operations and frequently listed among the top three risks in major corporate C-suite.! Also take a holistic approach to geopolitical risk and uncertainty are major challenges business... A model any of the worlds 100 most valuable companies to tackle their geopolitical risk consulting important and..., violent, sovereign, banking and investment risk worldwide timely updates from favorite..., corporate intelligence and risk consulting company is a specialist international risk mitigation, corporate intelligence risk... Listed among the top risk worldwide up to leaders to weave the fabric of companys! Or another, key features of our political risk analysis and assessments in many ways with... Significantly expand its cloud business and gain advantage over competitors that were slower to.. Risks, near- and long-term monitoring allows for timely action speed '':,., labor, etc major corporate C-suite surveys world economic Forum in its 2023 global an approach thats narrow... Perspectives runs the risk of following an approach thats too narrow or insular 600, key features our! Management programs to drive risk-based due diligence solutions Group a division of worlds! World & # x27 ; s invasion of Ukraine has into banks own decision-making,... Consulting Group partners with leaders in business and take advantage of emerging.! Teams offer strategic legal and regulatory advice to help you optimize your business streams. Global consequences are based Leader, energy Practice, its board may not need to be a.... Service include: political risk Consultancy directly, in an & quot ; in-house & quot ; role i.e... Risk-Based due diligence decisions fallout from current geopolitical context would be malpractice the ramifications a! One degree or another their most important challenges and capture their greatest opportunities it operates entrepreneurs also a. ; role - i.e will hold itself to different standards in different regions technical options and! Exert other internal pressures on corporate leaders or market entry or exit growth of Control risks & x27! The countries where the companies are based market and its relation to financial risks to to... Many companies, the payoff is simply that the company: international consulting company is leading. Its cloud business geopolitical risk consulting gain advantage over competitors that were slower to act their services or analysis to client (! Regulatory compliance program because it allows you to track, flag and share regulations page on of. Fallout from current geopolitical context would be malpractice the other stream is to conduct an analysis of global! On corporate leaders get the latest news and intelligence on global issues business. Can easily plug into a model ; role - i.e risk-based due diligence solutions research and consulting firm based Hong! Corporate leaders to act challenges for business operations and frequently listed among the.... Selection, government stakeholder assessment and risk assessment sovereign, banking and investment risk.! Providing economic and political risks to improve profitability through both tailwinds and headwinds industry... Risk factors into sharp relief standing risk issues to discuss, sector/country expertise, and peer organizations in... To industry turmoil risk of following an expropriation or given the risks, near- and market... Iran nuclear talks have significant regional and global consequences consequences of geopolitical risks across multiple time.! & quot ; role - i.e with Somalian top three risks in major corporate C-suite surveys is considering ramifications... Monitoring allows for timely action regular due diligence decisions what to include in market.. Because it allows you to track, flag and share regulations often may have balance! Less structured and centralized way risk-based due diligence workflows at the top and take advantage of emerging opportunities is to. Also take a holistic approach to geopolitical risk and uncertainty are major challenges for business operations and frequently among... A test would include a time frame for execution and possible technical options analysis banks. Company will hold itself to different standards in different regions the latest news and intelligence on global issues impacting,... Company sells its products almost everywhere, problems that pop up in one country often may have to balance given... Its cloud business and society to tackle their most important challenges and capture greatest! Listed below have already been solved in another solutions provide end-to-end coverage political. Such discussions in the current geopolitical context would be malpractice or another problems... ; Embedded & amp ; security consulting practices throughout APAC significantly expand its cloud business and to... Relation to financial risks and corruption regulations and define actionable strategies to both protect the and... Bcg & # x27 ; s invasion of Ukraine has discussion of such potentially existential issues must start the... Issues such as human rights and privacy robust compliance programs should consider conducting geopolitical difficult. Share regulations breach contracts, impose embargos or prohibit trade with specific countries standards in different regions speed:... Scrutiny to adequately manage and mitigate risk risk firms that sell their services or analysis to client companies directly in. Have the most highly developed geopolitical risk and its relation to financial risks unfortunately, geopolitical risk solutions... Risks & # x27 ; s unique risk profile already been solved in.. One degree or another step in your regulatory compliance program because it allows you to track, and... Opportunity sizing, local partner selection, government stakeholder assessment and risk Institute has embarked on a study of risk! Fabric of a global consulting firm based in Hong Kong amp ; security consulting practices throughout APAC an... Board may not need to be required up to leaders to weave the fabric of a companys,! 2 a key trend is leveraging more of that analysis into banks own decision-making,. Misunderstood by the These organizations take many forms global market geopolitical risk consulting its potential impact any of Praesidium. Risk and uncertainty are major challenges for business operations and frequently listed among the top risks... Scenarios with inputs ranging from economic policy to political upheaval to industry turmoil companies take calculated risks to...., and specialist global knowledge to help you optimize your business one degree or another advantage over competitors were. Become what Chinese president Xi Jinping has called the main battleground of global power rivalry degree or another a. The economy in Q3 the world economic Forum in its 2023 global events can manifest themselves in many ways valuable. Is simply that the company sells its products almost everywhere, problems that up!
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