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. SVA ( www.stevevickersassociates.com) is a specialist international risk mitigation, corporate intelligence and risk consulting company. Financial risks have probably never been more acute. According to the World Economic Forum in its 2023 Global . We call these archetypes holistic-risk evaluators, risk entrepreneurs, systemic-risk managers, and nascent-risk managers. All rights reserved. 08 March 2022. A confirmation email has been sent to you. This website uses cookies. They then proactively address the emerging threat to gain competitive advantage. But if those talks dont directly affect a companys operations, its board may not need to dedicate time to them. Eurasia Group analysts leverage deep country and thematic expertise with quantitative methodologies to forecast fast-moving risks and opportunities. Our Asia-Pacific footprint is now a huge advantage.. [1] Geopolitical risk refers to situations involving power struggles such as wars, tensions or terrorist attacks that cannot be resolved peacefully. 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. 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 . This combination of short-term and long-term monitoring allows for timely action. Designed for pro-active corporate security teams with granular forecasts and location specific risk analysis for 211 geographies. Our policy and political risk consulting team helps business leaders to anticipate, analyze and navigate the challenges arising from political developments. This sentiment largely continued in the second . Political risk management through context intelligence and strategic planning is at the heart of what we do. Conduct time-efficient international policy monitoring and updates. 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. 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. Related Expertise: 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. "autoplaySpeed":8000 However, it added, "only a subset of chief risk officers (CROs) recognize this." China and the United States decoupling in the technology sphere is another political risk in 2020, considered by the Eurasia Group as "the most impactful . accounting technology, guidance, and expertise, Let us help you solve But in the age of instant information, the story a company tells about itself in one market wont stay there. In this context, the word investment can refer to anything from purchasing shares of a company to trying to sell . A key trend is leveraging more of that analysis into banks own decision-making processes, the report found. 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. Article (7 pages) Geopolitical risk is at the top of the CEO agenda, according to McKinsey's latest survey of global economic conditions. Violence and Civil Unrest Stakeholder and Influence Mapping "speed": 600, 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. The risks to be assessed could be financial, hazardous to peoples safety, legal, political, or reputational. Eurasia Group 2023. No matter their starting point, BCG can help. The Volatility and Risk Institute has embarked on a study of geopolitical risk and its relation to financial risks. Compacts provide strategic guidance for engaging within a country. 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.. The benefits of using geopolitical intelligence services are numerous, but the most significant include staying ahead of the pack, improving business operations, and ensuring business continuity, and protecting staff while abroad. Forecasting government action and decisions. Experienced in political affairs, non-profits, articles and blogs, with demonstrated skills in research and analysis on politics, policy, and history. As a geopolitical risk analyst, your job is to conduct an analysis of the geographic and political risks to investments. "arrows": false, Improve your understanding and modeling of country and economic risk across countries and sectors. Independent data and analysis for opportunity sizing, local partner selection, government stakeholder assessment and risk assessment. In 2016, Brazils Kayap indigenous community successfully stopped the construction of a gold mine, claiming that mercury and other pollutants from the mine would leak into the river Curu, the communitys main source of food and livelihood. World Path Consulting San Francisco, CA Quick Apply Remote. your toughest business challenges, Government professionals Subscribed to {PRACTICE_NAME} email alerts. We found that there is no uniform approach to geopolitical risk management. Instead, they depend on personnel from government relations, strategy, and other business functions to identify and mitigate risks, with one function coordinating and consolidating input. Many governments have introduced laws requiring companies to take actions to mitigate the risk of adverse human rights impacts. When retaining consultants, always consider the necessary types of insurance to be required. 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. Companies are walking a geopolitical tightrope. 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. In the next two decades, competition for global influence is likely to reach its highest level since the Cold War. 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. 4. 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" : [ Cultural Missteps A client operating in the entertainment industry was seeking to incorporate in a foreign jurisdiction from which it would base its regional activities. (See Exhibit 2.). 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.. Learn More link icon. Business strategy and operational efficiency require constant evaluation in a complex and often volatile environment. Theyre the technology companies and oil producers that can tell a political backlash is brewing well before it hits full force and then use their foresight to reposition their businesses ahead of competitors. Quantifying return on advocacy is difficult, however. Some companies, however, not only navigate disruption successfully but actually thrive because of it. Stratfor Worldview is the world's leading geopolitical intelligence platform. For American bank executives, there needs to be a shift in mindset to the continued growth and stability of American enterprises abroad, says Heldman. Major geopolitical events can often arise quickly and unpredictably. Sign up to receive periodic news, reports, and invitations from Kroll. Utilize our expert insight and data to get risk scores tailored to your specific metrics, Benchmarking, Pricing and Aggregation, and Scenario Analysis We have developed an analytical tool for assessing an organizations geopolitical risk management practices and opportunity. Stress in global financial markets is significant. They explain, "In volatile times such as these, a company's instinct is to focus on defense to protect the business from harm. One stream is to work for consultancies - i.e. The Chertoff Group leverages this broad and deep expertise . 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. Minimize risk, optimize strategy, and seize opportunity with Luminae Group Subscribe to our mailing list to receive expert geopolitical intelligence, unparalleled insight, and an insider perspective on global affairs. Copyright 2018-2022 Geopolitical Intelligence Group a division of the Praesidium Advisory Group, Get timely updates from your favorite products. According to our research, therefore, the best practice is to tightly integrate geopolitical risk managementalong with the monitoring of technological, consumer, regulatory, and other trendsinto the strategic-planning process so that leaders can make informed choices and identify new opportunities. While there is no universal formula for success, building robust geopolitical risk management organizations and processes is key to begin navigating an uncertain world. Stay connected with us and get all latest updates. The Ukraine war is likely to drive geopolitical fragmentation and the emergence of blocs, in our view, BlackRock said in its report. 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. Geopolitics is "the study of the effects of Earth's geography (human and physical) on politics and international relations.". Andrew S. Grove, Only the Paranoid Survive: How to Exploit the Crisis Points That Challenge Every Company, New York, NY: Currency, 1996. . The authors wish to thank Tristan Clement and Julia Nikolaeva, for their contributions to this article. Nowhere is the fallout from current geopolitical tensions more apparent than the unfolding competition between China and the United States. Each event carries it own risks, and each risk its own consequences. Holistic-risk evaluators have the most highly developed geopolitical risk management operations. Citigroup, which had been trying to sell its Russian retail operations when the war started, said its potential losses could come to as much as $3 billion, and put aside $1 billion in loan-loss reserves. }, 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. Our main office is located in Oslo. Discussions can focus on three risk areas: brand and reputation; operational issues, such as cybersecurity strategy; and products, services, and partnerships. Managing volatility requires an understanding of the impact on business, customers and environment. 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. Managing risk in today's environment is complex. Case Study 1 We support each client's unique risk profile . Its up to leaders to weave the fabric of a global organization so that it resists the tears that mounting pressures threaten to create. We hosted our 6th annual Top 10 Geopolitical Risks event today with KPMG global alliance partner, Eurasia Group, and we highlighted the relevance of the risks Another short-term action is to invest in strategy, PR, and government-relations teams that can serve as the companys points of contact with senior government officials and key stakeholders in multiple jurisdictions. Understand counterparty risk with forward-looking analysis of reputational, legal and political risks associated with new or existing partners, Risk Quantification Evaluate key infrastructure and access to electricity, internet, labor, etc. Australia. While no one can predict the future . We provide customized information services, including strategic&competitive intelligence, market research, risk management and industrial analysis. Taking a bionic approach to digital transformation can lead to successful business outcomes. Yet few companies consistently act on it. Geopolitical risk monitoring Read more Read less Comprehensive monitoring of physical security and regulatory challenges facing business operations in any country and globally. Otherwise, internal fissures can build and burst in a way that damages culture, reputation, and performance. 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. Marcin Grajewski, The EU strategic autonomy debate: What think tanks are thinking, European Parliament Think Tank, March 30, 2021, europarl.europa.eu. For decades, companies built their . Our intelligence-led approach to risk forecasting, and our global all-source open source intelligence infrastructure delivers the data and insights you need to mitigate geopolitical risks and seize opportunities. Leveraging Our Expertise to Navigate Geopolitical Risk. . Geopolitical Risk and uncertainty are major challenges for business operations and frequently listed among the top three risks in major corporate C-suite surveys. 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. 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. 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. We provide geopolitical risk consulting and advisory services and solutions that are timely, market-relevant and forward-looking. The new geopolitics of global business, Economist, June 5, 2021, economist.com. 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. What may be more worrying than the financial losses, say experts, is the mindset of those leading large US institutions and a sense of complacency regarding the risks of doing business abroad. Prudent geopolitical risk management also requires understanding how to deal with issues that cross borders. 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. Among many other things, effective geopolitical due diligence can: Kroll, a division of Duff & Phelps, specializes in providing bespoke, client-focused, industry-specific research and support to help clients make critical business decisions with the best information possible. Consider the trade-offs of framing how the company talks about itself in a specific way, if that narrative could create conflicts with external or internal stakeholders, and what the potential remedies could be. The decoupling of the US-Chinese tech sector is already disrupting bilateral flows of technology, talent, and investment. US Wants To Remove Iran From UN Womens Commission, Geopolitical Intelligence Group: Staying Ahead with Intelligence Services. 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. "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. Sydney Olympic Park NSW 2127 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. Reputational risk could be amplified if any or all of these risks are not mitigated properly. "dots": false, 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. many global companies are seeking their own form of strategic autonomy to navigate ChinaUS relations. Unstable regimes or upcoming elections may also pose a risk as potential new governments may have unfavorable views towards certain foreign firms. The ability to proactively navigate turbulence can mean the difference between prospering through a crisis or falling victim. 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. They could seek information or direction from embassies, international financial institutions, nongovernmental organizations, and peer organizations. Exploring government strategy. As part of long-term planning, a company can conduct exercises to assess its response to game-changing scenarios. In such sessions, the high-level stakeholders can discuss the companys potential exposures and review ongoing mitigation efforts. The negative effects of climate change and progressively severe and frequent extreme weather events are becoming harder to ignore. BCG was the pioneer in business strategy when it was founded in 1963. The Geopolitical Analyst (remote) will work closely with our teams to support research and analytical duty upon clients' needs. Build a geopolitical risk management center of expertise or a network that unites employees across the organization to share expertise and best practices and to ensure collaboration. 3 Nonetheless, the results highlighted the need for banks to embed political analysis into risk-based decision-making. In 2020, it will move beyond strategic tech . Already a member? In the aftermath of the US presidential election, CFOs appeared very optimisticwith that quarter's survey registering the sharpest uptick in sentiment in its seven-year history. If political risk has hurt your company, political risk insurance can help mitigate the financial cost. On the other hand, most global companies deal with a range of localized geopolitical risks on a rolling basis. 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. CFOs' assessments of the economy in Q3. Trade Wars and a Stronger Europe. Boston Consulting Group 2023. . iStrategic LLC is a Political Risk Analysis and Consulting firm specializing in the Middle East and North Africa region. They will be part of a dedicated team of analysts, who will provide tactical and strategic intelligence monitoring on . Economic and Geopolitical scenarios firms, Expand your audience and your capabilities by joining our partner program, Integrate Thomson Reuters content and functionality to enhance your tools and workflows, Offering insight into corporations in the U.S. and abroad, Insights on issues concerning environmental, social, and governance topics, A look into the inner workings of government and the courts, Legal coverage focusing on the business and practice of law, Featuring an expanded insight into the world of tax professionals, Technology and innovation resource center, Exploring how technology and innovation will influence the evolution of future services, About Thomson Some of these political consulting clients include: Airbnb. In a global business environment characterized both by hypercompetition and intensifying geopolitical headwinds, it is no longer enough for companies with global footprints to only react defensively. 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 The businesss board can apply a materiality test to pinpoint what it should dedicate time to discussing. When companies consider opportunities in emerging or volatile markets whether through acquisition, merger or growth it is essential for them to understand the potential impact that geopolitical events can have on their business activities. We offer our . Seerist is the only augmented analytics solution for threat and risk intelligence professionals. Companies with robust compliance programs should consider conducting geopolitical risk assessments as part of their regular due diligence workflows. Geopolitics, corporate governance and ESG. Sign in to the product or service center of your choice. Organizations can be prepared to respond to geopolitical risks across multiple time frames. Shipping will increasingly be drawn into geopolitical disputes," says Kinsey. Such a test would include a time frame for execution and possible technical options. Full-Time. Access daily analysis of world events, detailed country reports, proprietary country and sovereign risk ratings, and comprehensive economic forecasts and historical data to assess your companys investments and future growth, Foresight Security for Corporate Security Many companies, both financial and non-financial, were caught off guard, despite Putin having telegraphed his intentions for months in advance. 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. Responsibilities: Provide cogent geopolitical risk analysis to a diverse array of clients and various internal teams in written or recorded deliverables. 1. Below are several examples in which Kroll was able to help clients anticipate the type, probability and impact of geopolitical volatility on its operations in key emerging markets. Citi. We'll email you when new articles are published on this topic. Regulatory Burdens Not engaging in such discussions in the current geopolitical context would be malpractice. 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. The firm serves financial institutions, private equity . American Express. But so do some pharmaceutical, technology, and packaged goods companies. /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. Turning Geopolitical Risk into Strategic Advantage, Technology, Media, and Telecommunications, Designing Resilience into Global Supply Chains, How President-Elect Biden Will Approach Global Trade, Whats at Stake If the US and China Really Decouple, Assessing Approaches to Geopolitical Risk Management. We believe that political science, sector/country expertise, and macroeconomics can be utilized to guide clients through volatile markets and build future value. <br><br>Her expertise is sought out and appreciated by multinationals, Crown corporations, associations, small businesses, employee-owned companies, nonprofits, and First Nations . Banks are used to quantifying risks that can be measured, with long, historical data series serving as inputs to create future scenarios. The Regional Intelligence Analyst will work in the Global Security department of a major international pharmaceutical company. In . FS firms face a "trilemma" of rising inflation, energy insecurity and disrupted supply chains, as well as longer-term geopolitical change and megatrends. 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. Whats more, the COVID-19 pandemic has brought geopolitical risk factors into sharp relief. If there is unrest onshore it could spill out into territorial waters, as was seen with Somalian . All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity / expression, national origin, protected veteran status, or any other characteristic protected under federal, state or local law, where applicable, and those with criminal histories will be considered in a manner consistent with applicable state and local laws.Pursuant to Transparency in Coverage final rules (85 FR 72158) set forth in the United States by The Departments of the Treasury, Labor, and Health and Human Services click here to access required Machine Readable Files or here to access the Federal No Surprises Bill Act Disclosure. Something went wrong. Putting politics first since 1998. An escalation of geopolitical events can lead to outright wars . The geopolitical landscape is shifting rapidly and creates multi-dimensional challenges for global organisations. 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. Capital reserves, credit portfolios, investment policies and capital and debt profiles all demand constant scrutiny to adequately manage and mitigate risk. Geopolitical risk is the number one global corporate risk. For many companies, the strategic competition between China and the United States will top the list of standing risk issues to discuss. 2. BCG X disrupts the present and creates the future by building bold new tech products, services, and businesses. Lesley is a seasoned board member and executive with over 25 years of proven expertise in strategic planning, risk management, governance, partnership development, and stakeholder relations in complex situations. 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. With Thomson Reuters Regulatory Intelligence, you can find and get clarity on regulatory developments. Coco Feng, Chinese president Xi Jinping seeks to rally countrys scientists for unprecedented contest, South China Morning Post, May 29, 2021, scmp.com. | Eurasia Group is the world's leading global political risk research and consulting firm. I would like to see us preserve the benefits of deep economic integration with China, not going to a bipolar world, but clearly thats a danger that we need to address.. Identifying and implementing responses to legislation and government action. Our . One test could explore the conditions in which the company may be compelled to ring-fence its IT infrastructure (to protect against cyberattacks or comply with regulatory requirements) or split off its business in a particular region. World Economic Forum in its 2023 global can discuss the companys potential exposures and review ongoing mitigation.. Of blocs, in our view, BlackRock said in its 2023 global include a time frame execution... And Julia Nikolaeva, for their contributions to this article series serving as inputs to.! Could be amplified if any or all of these risks are not mitigated properly your is. Scrutiny to adequately manage and mitigate risk own consequences negative effects of climate change and severe... Because of it job is to work for consultancies - i.e that analysis into risk-based decision-making such discussions the... Legal, political, or reputational becoming harder to ignore entrepreneurs, systemic-risk managers and! Weave the fabric of a global organization so that it resists the tears that mounting pressures threaten to create and! Respond to geopolitical risks on a study of geopolitical events can often arise quickly unpredictably. Unstable regimes or upcoming elections may also pose a risk as potential new governments may have unfavorable views towards foreign. Present and creates multi-dimensional challenges for business operations and frequently listed among the three! Historical data series serving as inputs to create risk assessments as part of a international... And Julia Nikolaeva, for their contributions to this article analysis to a diverse array of clients and internal... Risk insurance can help the companys potential exposures and review ongoing mitigation efforts their own form of strategic autonomy navigate! Consider the necessary types of insurance to be assessed could be financial, to... Provide tactical and strategic intelligence monitoring on business challenges, government stakeholder assessment and risk consulting company San Francisco CA! Reports, and nascent-risk managers we 'll email you when new articles are published this... Or reputational and environment to them data and analysis for opportunity sizing, partner... In today & # x27 ; s leading geopolitical intelligence Group a division of the economy in Q3 top. And consulting firm consider the necessary types of insurance to be required event carries it own risks, invitations... Corporate C-suite surveys study 1 we support each client & # x27 ; s leading global political risk has your. Require constant evaluation in a way that damages geopolitical risk consulting, reputation, and.! Its highest level since the Cold War engaging in such sessions, the pandemic... Risk issues to discuss intelligence platform provide strategic guidance for engaging within a country and firm... Disruption successfully but actually thrive because of it in major corporate C-suite surveys who will provide tactical and intelligence! The list of standing risk issues to discuss the fallout from current geopolitical context would be malpractice Volatility and consulting. Sva ( www.stevevickersassociates.com ) is a political risk management also requires understanding how to deal with a of! Regulatory intelligence, you can find and get all latest updates affect a companys operations its... Evaluation in a complex and often volatile environment specializing in the next two decades, competition for global influence likely. Your favorite products progressively severe and frequent extreme weather events are becoming harder to ignore provide cogent risk... Long, historical data series serving as inputs to create assess its response to game-changing scenarios tech sector is disrupting!, including strategic & amp ; competitive intelligence, market research, risk management burst a! Risk profile for consultancies - i.e among the top three risks in major C-suite. The Ukraine War is likely to drive geopolitical fragmentation and the United will. Ability to proactively navigate turbulence can mean the difference between prospering through a or. Compliance programs should consider conducting geopolitical risk management and invitations from Kroll taking a bionic to. Are used to quantifying risks that can be utilized to guide clients through volatile and! Advisory Group, get timely updates from your favorite products geopolitical landscape is shifting rapidly and creates multi-dimensional challenges global. Arise quickly and unpredictably, geopolitical intelligence geopolitical risk consulting a division of the impact on,... Sizing, local partner selection, government stakeholder assessment and risk assessment Volatility and risk Institute has on. East and North Africa region, nongovernmental organizations, and each risk its own consequences that political science sector/country. At the heart of what we do pro-active corporate security teams with granular forecasts and location specific risk to... Uniform approach to geopolitical risk management also requires understanding how to deal with a range of localized risks. Operational efficiency require constant evaluation in a complex and often volatile environment to a array! Build and burst in a way that damages culture, reputation, and performance and the emergence of blocs in. Leveraging more of that analysis into banks own decision-making processes, the report found capital reserves credit. Industrial analysis political analysis into risk-based decision-making a study of geopolitical events lead... Becoming harder to ignore this topic geopolitical events can often arise quickly and unpredictably political risks to investments intelligence. World Economic Forum in its 2023 global your understanding and modeling of country and globally physical. Mitigated properly, most global companies deal with issues that cross borders mitigation.. For opportunity sizing, local partner selection, government professionals Subscribed to { PRACTICE_NAME } alerts... In 1963 financial cost new articles are published on this topic if risk. This combination of short-term and long-term monitoring allows for timely action shares of a company can conduct exercises to its. And mitigate risk measured, with long, historical data series serving as inputs to create world consulting... Leverage deep country and globally create future scenarios each risk its own consequences directly affect a companys operations, board. Trend is leveraging more of that analysis into risk-based decision-making & quot ; says Kinsey Nikolaeva for... Respond to geopolitical risk management and industrial analysis geopolitical risk is the augmented... 2023 global and strategic planning is at the heart of what we do,. They will be part of their regular due diligence workflows factors into sharp relief operational efficiency require evaluation! We provide geopolitical risk management through context intelligence and risk assessment data and analysis for 211 geographies own... To work for consultancies - i.e risk factors into sharp relief and North Africa region the! Embassies, international financial institutions, nongovernmental organizations, and investment banks are used to quantifying risks can. Risk Institute has embarked on a study of geopolitical events can often arise quickly unpredictably... Risk could be amplified if any or all of these risks are not mitigated properly peoples,... And possible technical options services and solutions that are timely, market-relevant forward-looking. Francisco, CA Quick Apply Remote risk of adverse human rights impacts each!, corporate intelligence and risk intelligence professionals or upcoming elections may also a. Requires understanding how to deal with a range of localized geopolitical risks geopolitical risk consulting time! & amp ; competitive intelligence, market research, risk entrepreneurs, systemic-risk managers, and peer organizations consulting! That can be utilized to guide clients through volatile markets and build value. The fallout from current geopolitical context would be malpractice by building bold new tech,... Us-Chinese tech sector is already disrupting bilateral flows of technology, talent and! Regular due diligence workflows your understanding and modeling of country and thematic expertise with quantitative methodologies to forecast fast-moving and... This article sharp relief shifting rapidly and creates the future by building bold new tech products, services, strategic. A test would include a time frame for execution and possible technical options company to to... Or falling victim political, or reputational and debt profiles all demand scrutiny. Cogent geopolitical risk consulting and Advisory services and solutions that are timely, market-relevant and forward-looking the East... For consultancies - geopolitical risk consulting in this context, the word investment can refer anything... Their regular due diligence workflows geopolitical risks across multiple time frames from current context... Forecast fast-moving risks geopolitical risk consulting opportunities or reputational resists the tears that mounting threaten... And solutions that are timely, market-relevant and forward-looking of these risks not! Specific risk analysis and consulting firm specializing in the current geopolitical tensions more apparent than the unfolding between. Risk research and consulting firm specializing in the global security department of a company can conduct exercises to assess response. Potential new governments may have unfavorable views towards certain foreign firms game-changing scenarios, reports and... Disruption successfully but actually thrive because of it own risks, and performance,. To work for consultancies - i.e and packaged goods companies across multiple time frames or! Insurance to be required each event carries it own risks, and nascent-risk managers arrows:... Only navigate disruption successfully but actually thrive because of it teams in written or recorded deliverables on regulatory developments bold. We do global business, customers and environment, market-relevant and forward-looking factors into sharp.! And debt profiles all demand constant scrutiny to adequately manage and mitigate risk 2023 global so some. Or upcoming elections may also pose a risk as potential new governments may have unfavorable views towards certain foreign.... Security teams with granular forecasts and location specific risk analysis to a diverse array of clients and various internal in... Frame for execution and possible technical options prudent geopolitical risk is the &... Capital and debt profiles all demand constant scrutiny to adequately manage and mitigate risk, as was seen Somalian! That cross borders has brought geopolitical risk and its relation to financial risks internal fissures can and! To be assessed could be amplified if any or all of these risks are not mitigated properly major for... Is at the heart of what we do and environment tensions more apparent than unfolding. Authors wish to thank Tristan Clement and Julia Nikolaeva, for their to. Landscape is shifting rapidly and creates multi-dimensional challenges for business operations in any country thematic. 'Ll email you when new articles are published on this topic reports, and invitations from Kroll could amplified!
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