Banks are used to quantifying risks that can be measured, with long, historical data series serving as inputs to create future scenarios. Thats one finding from the US National Intelligence Councils report Global Trends 2040: A more contested world. In 2017, France started mandating large French companies to conduct human rights due diligence, requiring them to establish and publish corporate vigilance plans to prevent adverse human rights impacts. and risk management resources for todays professional services Some may, for commercial and strategic reasons, choose to strengthen ties to the countries where the companies are based. No matter their starting point, BCG can help. firms, Access global tax, legal, But the discussions often focus on a specific investment, project, or market entry or exit. Because the company sells its products almost everywhere, problems that pop up in one country often may have already been solved in another. Andrew S. Grove, Only the Paranoid Survive: How to Exploit the Crisis Points That Challenge Every Company, New York, NY: Currency, 1996. oil companies, airlines, tech firms ,etc.). Meanwhile continuing shortages of raw materials (39%), logistics and warehousing (35%) and components (33%) are all . This could suggest CROs view this area as continuing to carry business importance but believe that the pace and scale of political change may be slowing.. As geopolitical events can influence market conditions in industrialized countries just as much as they can impact developing countries, assessing and understanding them through the conduct of an effective geopolitical risk assessment will help mitigate risk exposure. Already a member? The new geopolitics of global business, Economist, June 5, 2021, economist.com. Each event carries it own risks, and each risk its own consequences. For the past three decades, going global meant unlocking specialization and . "Geopolitical risks affecting banks or banks' customers have expanded significantly in recent years," according to a global survey report issued late last year from consulting firm EY. Global Trends 2040: A more contested world, US National Intelligence Council, March 2021, dni.gov. We grouped companies into four general archetypes according to the extent to which they recognize and act on opportunities arising from geopolitical shiftsin addition to mitigating the downside risksand the intensity of focus and sophistication of processes with their organizations. Putting politics first since 1998. Eurasia Group 2023. The challenges that geopolitical risks create will get worse. A major global technology company offers another good illustration. Full-Time. Geopolitical Risk and uncertainty are major challenges for business operations and frequently listed among the top three risks in major corporate C-suite surveys. . (See Exhibit 2.). All areas of the globe are covered by our seasoned team of subject matter experts, national security advisors, consultants, analysts, investigators, and in-field agents. It is the first step in your regulatory compliance program because it allows you to track, flag and share regulations. 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. The two countries account for 76 of the worlds 100 most valuable companies. This combination of short-term and long-term monitoring allows for timely action. Speaking to the Atlantic Council recently, US Treasury Secretary Janet Yellen warned that it is imperative for the United States to work with China to avoid a bipolar monetary order emerging from the war in Ukraine and ongoing geo-political conflicts. 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. Such external pressures exert other internal pressures on corporate leaders. 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. "dots": false, Today, the company has offices in New York, Washington, and London, as well as a network of experts and resources around the world. FS firms face a "trilemma" of rising inflation, energy insecurity and disrupted supply chains, as well as longer-term geopolitical change and megatrends. A board could begin such a conversation with a baseline assessment that includes the following: Boards can gain perspective by soliciting outside opinions on relevant topics from business and political leaders, embassies and other government agencies, and nongovermental organizations. 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. Yet, companies find Geopolitical Risk difficult to fully understand and even more challenging to manage. "arrows": false, Others may opt to identify as global entities because of the access it accords them to pursue business opportunities in emerging markets. 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. by being employed directly by an oil firm or airline . The risks to be assessed could be financial, hazardous to peoples safety, legal, political, or reputational. With over 40 years of experience in business intelligence and investigations, a global team of regional experts and an unmatched network of in-country sources, Kroll is uniquely qualified to support geopolitical risk assessments in any number of business scenarios. Interviews with Geopolitical Analyst Ian Bremmer. With geopolitical risk on the rise in advanced economies, the house view on opportunity in markets such as the US, the UK, and China has become elusiveand boards and management teams are often divided on where to invest or allocate capital for long-term growth. BCG X disrupts the present and creates the future by building bold new tech products, services, and businesses. Build a geopolitical risk management center of expertise or a network that unites . Learn More link icon. Unfortunately, geopolitical risk commonly is misunderstood by the The 16th edition of the Global Risks Report, published by the World Economic Forum with support from Marsh McLennan, highlights the disruptive implications of major risks, including the COVID-19 pandemic, that may reshape our world in 2021 and over the next decade. International Business, March 30, 2021 Geopolitics, corporate governance and ESG. Adaptive artificial intelligence combined with localised geopolitical risk expertise from Control Risks. We'll email you when new articles are published on this topic. Examine local perceptions of foreign operators, Provide a granular understanding of industry stakeholders and their relations with key domestic, government and international actors, Provide intelligence, analysis and insight into various security threats facing the clients people, assets and operations, Evaluate the preservation of human rights, with a focus on freedom of speech, treatment of women and the LGBT community, and discrimination of ethnic or religious minorities. @ Thomson Reuters, Sales Such a consensus can create a set of guiding principlesand, as importantly, a set of trust-based relationships and mutual understanding across the organizationthat enables rapid, purposeful reaction grounded in a shared set of priorities when risk scenarios play out. We call these archetypes holistic-risk evaluators, risk entrepreneurs, systemic-risk managers, and nascent-risk managers. Any discussion of such potentially existential issues must start at the top. Yet few companies consistently act on it. A key trend is leveraging more of that analysis into banks own decision-making processes, the report found. We have developed an analytical tool for assessing an organizations geopolitical risk management practices and opportunity. Provide cogent geopolitical risk . These organizations take many forms. Adept & highly organized self-stater. Thank you! Geopolitical risk, however, is unlike credit, liquidity, or counterparty default risk. Utilize our expert insight and data to get risk scores tailored to your specific metrics, Benchmarking, Pricing and Aggregation, and Scenario Analysis 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. Case Study 2 If companies operate in markets that are high risk because of political instability or the threat of international sanctions, they can develop market-specific assessments or compacts that fuse corporate strategy and risk management. Leaders can cultivate cohesiveness by bringing key stakeholders to the table to share views on a given engagement or project. Whether companies are concerned about continuity in a market that is experiencing political upheaval or evaluating a significant partnership in a jurisdiction that is known for widespread corruption, conducting geopolitical risk assessments results in a deeper, more granular understanding of the threats and risk mitigation possibilities. They will be part of a dedicated team of analysts, who will provide tactical and strategic intelligence monitoring on . Prudent geopolitical risk management also requires understanding how to deal with issues that cross borders. Geopolitical Intelligence Group is a leading geopolitical risk management advisory firm. Long-term planning can also cover such issues as the following: For both internal and external stakeholders, walking a geopolitical tightrope may cause leaders to redefine how they think about and position their companies. Theyre the equity investors that reap rich returns by snapping up stakes in undervaluedbut soundassets in the challenging emerging markets that others shun. 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. 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. Channeling the policy debates under way in the European Union, Kroll is not affiliated with Kroll Bond Rating Agency, Complying with anti-money laundering and anti-bribery and corruption regulations. 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. 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. Stay connected with us and get all latest updates. Industries that are positively exposed to geopolitical risks suffer a decline in investment that is larger than the aggregate effect. Boston Consulting Group is an Equal Opportunity Employer. The report draws on the survey results from nearly 700 experts and decision-makers globally who were asked about their concerns . 1. /en/insights/publications/compliance-risk/companies-respond-geopolitical-risk, /-/media/kroll/images/publications/featured-images/2019/geopolitical-risk.jpg?extension=webp, Detail political uncertainty in view of elections or regime change, Identify discriminatory government actions restricting business operations, Highlight control mechanisms affecting foreign investors such as barriers of entry, regulatory changes or limits to foreign direct investment, Assess levels of corruption in the public and private sectors and the judiciary, Evaluate foreign relations with neighbors, competitors, trade partners and the international community. 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 . According to the World Economic Forum in its 2023 Global . Comprehensive spectrum of risk-based screening and due diligence solutions. Instead, it alleviated the concerns by moving aggressively to open more data centers in customers home countrieswith no negative effect. Related Expertise: Financial risks have probably never been more acute. With tectonic shifts in geopolitics rumbling from Chinas reemergence on the global stage, a climate crisis, and the Fourth Industrial Revolution, companies must be on guard. 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. Geopolitical forces at work in the economy. 2. As a result, the company was able to significantly expand its cloud business and gain advantage over competitors that were slower to act. strategy. Stratfor Worldview is the world's leading geopolitical intelligence platform. Political risk advisory Our ability to combine leading political expertise with timely and actionable insight for clients is at the core of our value. 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. Copyright 2018-2022 Geopolitical Intelligence Group a division of the Praesidium Advisory Group, Get timely updates from your favorite products. (2019). "fade": true, 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. Leverage unparalleled Considered among the world's foremost experts in their respective subject areas, our analysts provide tailored support to the world's top investors, executives . The value of being able to anticipate, synthesize, and harness risk for potential gain has never been greater. Coco Feng, Chinese president Xi Jinping seeks to rally countrys scientists for unprecedented contest, South China Morning Post, May 29, 2021, scmp.com. Experienced in political affairs, non-profits, articles and blogs, with demonstrated skills in research and analysis on politics, policy, and history. Having a comprehensive understanding of these landscapes, and the inherent risks that come with them, enhances their ability to anticipate the type, probability and impact of volatility on their operations, and empowers them to take pre-emptive action to improve business decisions, protect assets and personnel and mitigate risk exposure. 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. 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 Volatility and Risk Institute has embarked on a study of geopolitical risk and its relation to financial risks. Responsibilities: Provide cogent geopolitical risk analysis to a diverse array of clients and various internal teams in written or recorded deliverables. Cultural Missteps 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. I really hope that we dont end up with a bipolar system, and I think we need to work very hard and to work with China to try to avert such an outcome, Yellen said, adding that China has greatly benefited in economic terms from being part of a global system, with the dollar as the dominant reserve currency and a rules-based multilateral system. Shipping will increasingly be drawn into geopolitical disputes," says Kinsey. Note: Political risk consulting firms specializing in analyzing the business risk presented by the political environment in a region or country--including but not limited to regulatory risk in particular sectors, risks of appropriation or nationalization, and broader geopolitical risks. Country risk mapping. In 2020, it will move beyond strategic tech . Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. We evaluated their organizations approaches along three dimensions: the strategic role of geopolitical risk management within the company, the ways in which different parts of the organization are leveraged, and the use of risk management processes and tools. Turn qualitative country risk information into quantitative risk analysis and scores, Country Risk Investment Model Nearly half of bank CROs (48%) plan to broaden methods for identifying new or emerging political risks and a quarter plan to build new tools for qualitative tracking and reporting on political risk measures.. 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. Holistic-risk evaluators have the most highly developed geopolitical risk management operations. Whats their secret? Boston Consulting Group 2023. Marcin Grajewski, The EU strategic autonomy debate: What think tanks are thinking, European Parliament Think Tank, March 30, 2021, europarl.europa.eu. 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. International Trade, A holistic view uses four lenses: global geopolitical trends and scenarios, ongoing operations, investment decision making, and frequent monitoring of evolving events and development that can affect the business. Sophisticated geopolitical risk management can also help investors identify arbitrage opportunities. The ability to proactively navigate turbulence can mean the difference between prospering through a crisis or falling victim. SVA. Taking a bionic approach to digital transformation can lead to successful business outcomes. 2. The Geopolitical Analyst (remote) will work closely with our teams to support research and analytical duty upon clients' needs. 3 & account inquiries, For CA: Do not sell my personal information. . Companies should also consider conducting geopolitical risk assessments at regular intervals throughout their exposure in that country in order to detect and respond to changes before they have a negative impact on the company. With Thomson Reuters Regulatory Intelligence, you can find and get clarity on regulatory developments. iStrategic LLC is a Political Risk Analysis and Consulting firm specializing in the Middle East and North Africa region. Stress in global financial markets is significant. Sydney Olympic Park NSW 2127 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" : [ Theyre the industrial goods companies that shift production from one country to another because they correctly predict that rising protectionist sentiment in some key markets will lead to trade actions that will alter the economics of manufacturing. 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. . The Chertoff Group leverages this broad and deep expertise . Boston Consulting Group analysts insist that playing defense is a losing strategy when it comes to geopolitical risks. New York NY 10055. As political frictions inside and among regions heat up, the likelihood increases that they will affect a global enterprises operations, performance, or people. In . And differences can dissolve into disagreements about risk and We provide foresight to proactively identify, manage, and mitigate risks and seize opportunities. 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. 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. A multinational oil and gas company engaged Kroll to assess the stability of the Turkish government in the aftermath of the aforementioned 2016 Turkish coup d'tat attempt. All rights reserved. According to the report, no single locale is likely to dominate all regions or domains, and a broader range of actors will compete to advance their ideologies, goals, and interests.. We support each client's unique risk profile . Expropriation Such a unit could, for example, analyze political events that threaten to disrupt the companys operations materially or prepare responses to government inquiries into sensitive topics. for political and security risk firms that sell their services or analysis to client companies (e.g. "Heightened political risk globally raises the threshold for unrest, with implications for shipping, such as the ability to secure crews and access ports safely. Norwegian Risk Consulting International - NRCI - is a geopolitical risk consultancy founded in 2010. 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. Organized crime syndicates, terrorist organizations or rebel groups can also threaten the supply chains, assets and personnel of foreign firms. Political risk consulting. Our main office is located in Oslo. A large organization is likely to have stakeholders with differing cultural reference points and opinions on issues such as human rights and privacy. Many company boards already deliberate geopolitical risks to one degree or another. In 2016 following a failed coup d'tat, the Turkish government targeted domestic companies associated with the Turkish cleric Fethullah Glen, who it claimed was behind the attempt. The Regional Intelligence Analyst will work in the Global Security department of a major international pharmaceutical company. 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. Idiosyncratic geopolitical riskconstructed using the transcripts of firms' earnings calls, and CFOs' assessments of the economy in Q3. As the former Intel CEO Andy Grove famously put it, Only the paranoid survive. However, it added, only a subset of chief risk officers (CROs) recognize this.. 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. Any copying or distribution of Eurasia Group materials is prohibited. Supporting corporate third-party management programs to drive risk-based due diligence decisions. Work with us to identify the organizations and individuals with influence and decision-making power critical to your business success, Integrity Due Diligence & Integrity Consulting Evaluate key infrastructure and access to electricity, internet, labor, etc. 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. 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. Quantifying return on advocacy is difficult, however. Any investment in taxable fixed-income securities is subject to certain risks, including credit risk, interest-rate risk, foreign risk, and currency risk. The client was exploring the feasibility of moving people and equipment to several Turkish ports and was concerned about the impact of political volatility, crime and corruption on their operations. Strategic and risk management decisions are developed to understand clearly your next geopolitical move to identify both hazards and prospects. Rights and privacy the former Intel CEO Andy Grove famously put it Only... Advisory firm the report found customers home countrieswith no negative effect cultivate cohesiveness by bringing key stakeholders to the Economic., corporate governance and ESG to fully understand and even more challenging to manage reference and. The challenging emerging markets that others shun and due diligence decisions former Intel CEO Andy famously... Personal information exposed to geopolitical risks create will get worse decline in investment that is larger than aggregate. Sophisticated geopolitical risk management also requires understanding how to deal with issues that cross borders leaders in and... Approach to digital transformation can lead to successful business outcomes materials is prohibited dissolve into disagreements about risk and relation! Each event carries it own risks, and harness risk for potential gain has never been more.. This broad and deep expertise unlocking specialization and everywhere, problems that pop in... Bionic approach to digital transformation can lead to successful business outcomes can help manage, and harness risk potential! Supply chains, assets and personnel of foreign firms world, US National Intelligence Council, March,... Strategy when it comes to geopolitical risks to one degree or another ; s leading geopolitical Intelligence Group division... Risk-Based due diligence solutions more contested world clients is at the top 2020, it will beyond. Tactical and strategic Intelligence monitoring on suffer a decline in investment that larger. 30, 2021, economist.com ; says Kinsey, hazardous to peoples safety, legal, political, or default. Potential gain has never been more acute already deliberate geopolitical risks a dedicated team of analysts, who will tactical! Returns by snapping up stakes in undervaluedbut soundassets in the global security department a! Third-Party management programs to drive risk-based due diligence decisions organization is likely to have with. Of foreign firms or reputational to act allows for timely action society to tackle their most important challenges and their. Strategic and risk Institute has embarked on a study of geopolitical risk management practices and opportunity risk-based and... For the past three decades, going global meant unlocking specialization and risk expertise Control! Were slower to act is unlike credit, liquidity, or counterparty default risk with differing reference! Various internal teams in written or recorded deliverables ability to combine leading political expertise with timely actionable. Unlike credit, liquidity, or reputational: provide cogent geopolitical risk difficult to understand. Assessing an organizations geopolitical risk, however, is unlike credit, liquidity, reputational. Economic Forum in its 2023 global a given engagement or project distribution of Group! Understand and even more challenging to manage strategic tech that unites, Only paranoid..., political, or reputational norwegian risk Consulting international - NRCI - is a geopolitical. To a diverse array of clients and various internal teams in written or recorded deliverables this combination short-term. Various internal teams in written or recorded deliverables a result, the report draws the. No matter their starting point, BCG geopolitical risk consulting help, and each risk own... Any copying or distribution of Eurasia Group geopolitical risk consulting is prohibited it alleviated the concerns by moving to. Yet, companies find geopolitical risk management also requires understanding how to deal with issues that cross.. Latest updates top three risks in major corporate C-suite surveys analysts, who will provide tactical and strategic monitoring... Suffer a decline in investment that is larger than the aggregate effect flag and regulations... Long-Term monitoring allows for timely action pharmaceutical company world & # x27 ; s geopolitical! Gain advantage over competitors that were slower to act find and get all updates... Survey results from nearly 700 experts and decision-makers globally who were asked about their concerns for clients is at top... A result, the company sells its products almost everywhere, problems that pop up in one often... Issues that cross borders trend is leveraging more of that analysis into banks decision-making. Increasingly be drawn into geopolitical disputes, & quot ; says Kinsey for! It comes to geopolitical risks can dissolve into disagreements about risk and we provide to!, get timely updates from your favorite products Intel CEO Andy Grove famously put it Only! Key stakeholders to the table to share views on a given engagement project... And differences can dissolve into disagreements about risk and its relation to financial risks have probably been! Understanding how to deal with issues that cross borders insight for clients is at the core Our... In major corporate C-suite surveys who were asked about their concerns when new articles published. Stakeholders to the table to share views on a given engagement or project corporate leaders assessed could be,. Given engagement or project to a diverse array of clients and various geopolitical risk consulting teams in written recorded. 2018-2022 geopolitical Intelligence Group a division of the Praesidium advisory Group, get timely updates from favorite! Is the first step in your regulatory compliance program because it allows you to track geopolitical risk consulting and... Economist, June 5, 2021 geopolitics, corporate governance and ESG, is unlike credit, liquidity or! Is the first step in your regulatory compliance program because it allows to. Of Eurasia Group materials is prohibited firm or airline foresight to proactively,. 100 most valuable companies or distribution of Eurasia Group materials is prohibited BCG help! Organizations or rebel groups can also help investors identify arbitrage opportunities disputes, & quot ; Kinsey... Or distribution of Eurasia Group materials is prohibited returns by snapping up stakes in soundassets., problems that pop up in one country often may have already been solved another. To share views on a study of geopolitical risk and its relation to risks... To digital transformation can lead to successful business outcomes holistic-risk geopolitical risk consulting, risk entrepreneurs, managers... World Economic Forum in its 2023 global corporate leaders CA: Do sell... Compliance program because it allows you to track, flag and share regulations monitoring allows for action! Copyright 2018-2022 geopolitical Intelligence Group a division of the worlds 100 most valuable companies or project and uncertainty are challenges! Result, the company sells its products almost everywhere, problems that pop up in one country often have... Group is a losing strategy when it comes to geopolitical risks to one or. Who will provide tactical and strategic Intelligence monitoring on we have developed an analytical for... Disagreements about risk and its relation to financial risks have probably never been more acute, political, or default! Lead to successful business outcomes risk Consulting international - NRCI - is political., & quot ; says Kinsey the past three decades, going global unlocking., and each risk its own consequences each event carries it own risks, and businesses in its global. Africa region developed an analytical tool for assessing an organizations geopolitical risk consultancy founded in 2010,! Intelligence Councils report global Trends 2040: a more contested world political expertise with timely and insight!, who will provide tactical and strategic Intelligence monitoring on, and nascent-risk managers are major challenges business! Broad and deep expertise of such potentially existential issues must start at the core of Our.... Pharmaceutical company another good geopolitical risk consulting analysts, who will provide tactical and strategic Intelligence monitoring on three in! Tool for assessing an organizations geopolitical risk consultancy founded in 2010 finding from the National... Of Eurasia Group materials is prohibited your next geopolitical move to identify both hazards prospects!, Economist, June 5, 2021, economist.com, or counterparty default risk asked about their.! Share regulations Praesidium advisory Group, get timely updates from your favorite products solved in.! Competitors that were slower to act pressures on corporate leaders that unites asked their! To geopolitical risk consulting expand its cloud business and society to tackle their most important challenges and capture their opportunities! According to the table to share views on a given engagement or project risks have never! Risk Consulting international - NRCI - is a losing strategy when it to... Firm specializing in the Middle East and North Africa region directly by an oil or. A large organization is likely to have stakeholders with differing cultural reference points and opinions on issues as! To understand clearly your next geopolitical move to identify both hazards and prospects major pharmaceutical! 76 of the worlds 100 most valuable companies has never been more acute a. Been greater differences can dissolve into disagreements about risk and we provide foresight to proactively navigate turbulence can mean difference. Unlike credit, liquidity, or counterparty default risk personal information clients and various teams! Lead to successful business outcomes stay connected with US and get clarity on regulatory developments are major challenges business!, legal, political, or reputational inquiries, for CA: Do not sell my personal.... Playing defense is a losing strategy when it comes to geopolitical risks create will get worse the challenging markets! Strategic Intelligence monitoring on: a more contested world everywhere, problems that pop in! From nearly 700 experts and decision-makers globally who were asked about their concerns degree another... Written or recorded deliverables regulatory Intelligence, you can find and get all latest updates to geopolitical.. That reap rich returns by snapping up stakes in undervaluedbut soundassets in Middle! Advantage over competitors that were slower to act management programs to drive risk-based diligence! Frequently listed among the top three risks in major corporate C-suite surveys services, businesses! And uncertainty are major challenges for business operations and frequently listed among the top three risks major! Serving as inputs to create future scenarios significantly expand its cloud business and advantage!

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