We have developed an analytical tool for assessing an organizations geopolitical risk management practices and opportunity. Seek to continuously measure and monitor the impact of geopolitical risk management activities on the business. Internationally it poses increasing management challenges, particularly at board level. This sentiment largely continued in the second . Boston Consulting Group analysts insist that playing defense is a losing strategy when it comes to geopolitical risks. | Eurasia Group is the world's leading global political risk research and consulting firm. People may worry that a company will hold itself to different standards in different regions. For many companies, the strategic competition between China and the United States will top the list of standing risk issues to discuss. For banks, with varying degrees of exposure to Russia, the costs of their miscalculation have been sizable, but most say that their losses are manageable. PwC's experts discuss the volatility of the global market and its potential impact. World Path Consulting San Francisco, CA Quick Apply Remote. We found that there is no uniform approach to geopolitical risk management. The Volatility and Risk Institute has embarked on a study of geopolitical risk and its relation to financial risks. 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. Human Rights Violations 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. Coco Feng, Chinese president Xi Jinping seeks to rally countrys scientists for unprecedented contest,. We offer a unique combination of advanced analytical methods and an innate understanding of intelligence gathering other security sources don't possess. 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. Eurasia Group's advisory and consulting business is built upon a research platform of leading political risk analysts and management consultants with deep country and sector expertise. In the face of fragmentation and uncertainty, many business leaders are responding by intensifying their focus on resilience. 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. Geopolitical Intelligence Group is a leading geopolitical risk management advisory firm. Some companies, however, not only navigate disruption successfully but actually thrive because of it. Stress in global financial markets is significant. Expropriation The businesss board can apply a materiality test to pinpoint what it should dedicate time to discussing. New market entry A major global technology company offers another good illustration. In this context, the word investment can refer to anything from purchasing shares of a company to trying to sell . The role is responsible for ensuring that the People Safety & Security (PS&S) team are supported by leading Nokia's Crisis Management system in response to physical risks that impact Nokia operations. 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. The EY survey last year on bank risk management noted that chief risk officers may be underestimating the potency of political change (with) only about half viewing (geo)political risks as among the most important emerging risks over a five-year horizon this is down from 60% in our last survey in 2019. Stay connected with us and get all latest updates. 08 March 2022. 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. Its up to leaders to weave the fabric of a global organization so that it resists the tears that mounting pressures threaten to create. 2 As the former Intel CEO Andy Grove famously put it, Only the paranoid survive. Idiosyncratic geopolitical riskconstructed using the transcripts of firms' earnings calls, and Andrew S. Grove, Only the Paranoid Survive: How to Exploit the Crisis Points That Challenge Every Company, New York, NY: Currency, 1996. They should regularly look up from tending to the immediate needs of their operating environments to learn, adapt, and prepare for external and internal shocks and pressures. 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. Unfortunately, geopolitical risk commonly is misunderstood by the Political risk monitoring. One consumer packaged goods company we studied has developed a strong knowledge-sharing culture among functional networks. Economic uncertainty (32%) and inflation (26%) are among the leading factors underlying supply chain risks. But in the age of instant information, the story a company tells about itself in one market wont stay there. 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. The Regional Intelligence Analyst will work in the Global Security department of a major international pharmaceutical company. A lot of American banks have operated under the assumption that more or less everything in the world is stable, said Heather Heldman, managing partner and principal at Luminae Group, a Washington, D.C.-based geopolitical risk consulting firm. A company could apply the warning system to the sectors in which it operates. @ Thomson Reuters, Sales 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. "speed": 600, We provide customized information services, including strategic&competitive intelligence, market research, risk management and industrial analysis. When retaining consultants, always consider the necessary types of insurance to be required. It becomes even more complicated when global events such as pandemics, cyberattacks, geopolitical upheavals, or supply . Companies should also be vigilant about risks presented by suppliers. While there is no universal formula for success, building robust geopolitical risk management organizations and processes is key to begin navigating an uncertain world. On the other hand, most global companies deal with a range of localized geopolitical risks on a rolling basis. 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. And a narrative that works in one place could inhibit market opportunities in another or create sensitivities among regions. The two countries account for 76 of the worlds 100 most valuable companies. Our policy and political risk consulting team helps business leaders to anticipate, analyze and navigate the challenges arising from political developments. Provide cogent geopolitical risk . Those risks could include securing operations and people amid political instability, ensuring that they comply with evolving local regulations in one market, and staying abreast with human-rights considerations in another. Because the company sells its products almost everywhere, problems that pop up in one country often may have already been solved in another. Geopolitics is personal. Violence and Civil Unrest Start with the board Many company boards already deliberate geopolitical risks to one degree or another. MAX's Geopolitical Intelligence Services knows your part of the world because we're part of it too. 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. 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. Trade Wars and a Stronger Europe. Seerist is the only augmented analytics solution for threat and risk intelligence professionals. 5 Any discussion of such potentially existential issues must start at the top. Our team's background in national security, international affairs, intelligence, cybersecurity, and commerce provides The Chertoff Group with an unrivaled perspective of evolving global relationships, challenges, and tensions. We offer our . Geopolitical Risk – What Is It and How Can Companies Respond To It? Geopolitical risk assessments consist of identifying possible risks, assessing the likely impact of those risks and making recommendations to manage, mitigate and respond to them. 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. Any copying or distribution of Eurasia Group materials is prohibited. As weve seen, informal functional networks throughout organizations can enable the rapid sharing of data and improve the identification and mitigation of geopolitical risks. Holistic-risk evaluators have the most highly developed geopolitical risk management operations. 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.. Companies may want to gather internal and external perspectives before deciding what to include in market compacts. Political Risk Consultancy We are specialists in providing economic and political risk consultancy. Advanced Country Analysis & Forecasting Please feel free contact with us if you have any further questions or concerns, Level 1, 102 Bennelong Parkway, 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. Geopolitics, corporate governance and ESG. 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. Casper Wuite, 55 East 52nd Street 17 Fl Boston Consulting Group 2023. Geopolitical risk assessments consist of identifying possible risks, assessing the likely impact of those risks and making recommendations to manage, mitigate and respond to them. Nascent-risk managers use an almost entirely defensive strategy, with minimal organization and processes. Independent data and analysis for opportunity sizing, local partner selection, government stakeholder assessment and risk assessment. Improve your understanding and modeling of country and economic risk across countries and sectors. But the discussions often focus on a specific investment, project, or market entry or exit. . and risk management resources for todays professional services (See Exhibit 2.). 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. Geopolitical risk is the number one global corporate risk. As a result, the company was able to significantly expand its cloud business and gain advantage over competitors that were slower to act. 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 (2019). Sign in to the product or service center of your choice. "arrows": false, Get the latest news and intelligence on global issues impacting business, politics, economics, military, security and energy. Krolls assessment analyzed the safety of the clients employees, evaluated local infrastructure and provided regional political and economic outlooks. If there is unrest onshore it could spill out into territorial waters, as was seen with Somalian . 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 "dots": false, Political risk consulting firms. Putting politics first since 1998. Geopolitical Intelligence Group: Staying Ahead with Intelligence Servicesit. We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. Reputational risk could be amplified if any or all of these risks are not mitigated properly. 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. Cultural Missteps SVA. 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. Stratfor Worldview is the world's leading geopolitical intelligence platform. Leveraging Our Expertise to Navigate Geopolitical Risk. Key features of our political risk service include: Political risk analysis and assessments. . Governments can confiscate assets, nationalize property, breach contracts, impose embargos or prohibit trade with specific countries. This website uses cookies. Responsibilities: Provide cogent geopolitical risk analysis to a diverse array of clients and various internal teams in written or recorded deliverables. Kroll was able to provide a report detailing the countrys foreign relations, its position as an economic and business center in the region, the local and regional attitudes towards foreign direct investment and the jurisdictions evolving tax laws for foreign firms, which helped the client decide whether to proceed with incorporating in the country. American Express. Adaptive artificial intelligence combined with localised geopolitical risk expertise from Control Risks. Whats more, the COVID-19 pandemic has brought geopolitical risk factors into sharp relief. Accurately forecast, quantify, and compare the financial viability of new investments and existing business activities by sector and project type, Bespoke Risk Scoring Sign up to receive periodic news, reports, and invitations from Kroll. As a management consultant, Dr. Smith has worked for PA Consulting Group . A client operating in the entertainment industry was seeking to incorporate in a foreign jurisdiction from which it would base its regional activities. Our main office is located in Oslo. 1. Build a geopolitical risk management center of expertise or a network that unites . Comprehensive spectrum of risk-based screening and due diligence solutions. Forecasting government action and decisions. Country risk mapping. The authors wish to thank Tristan Clement and Julia Nikolaeva, for their contributions to this article. 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. Kroll OnTrack Inc. or their affiliated businesses. & account inquiries, For CA: Do not sell my personal information. 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. Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. Odyssey is a geopolitical consultancy trained to assist you in understanding sensitive geopolitical issues. Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Our . 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. The geopolitical risk firm that helps you understand the world. Convert risk into opportunity with bespoke solutions. This combination of short-term and long-term monitoring allows for timely action. 11 Jan 2023 CEO agenda Six ways asset managers can prepare for an uncertain future 2 Feb 2023 Wealth and asset management 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. iStrategic LLC is a Political Risk Analysis and Consulting firm specializing in the Middle East and North Africa region. "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. Geopolitical forces at work in the economy. Successful geopolitical risk managers tend to hire a cadre of personnel with experience in doing business in the market and dealing with local agencies. BCG's international trade consulting experts help companies make the right movesand mitigate riskto unlock competitive advantage. Regulatory Burdens They could seek information or direction from embassies, international financial institutions, nongovernmental organizations, and peer organizations. 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. 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. Organizations can be prepared to respond to geopolitical risks across multiple time frames. Cyber risks are believed to have the deepest impact on supply chains rated by 34% as a high impact and 54% as medium. 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. Whats their secret? In a world where nationalistic sentiments are on the rise, no country dominates, and regulations and standards are fragmenting, such situations are bound to accelerate. Site by Odgis+Co and ICVM Group. International Trade, Australia. by Our intelligence team works with regional field ops who know every corner of the . The organization saw a troubling trend in a number of key markets that could potentially threaten its growing cloud-storage business: mounting anxiety on the part of policymakers and customers, who were worried that local governments could access confidential data kept on servers in certain countries. Considered among the world's foremost experts in their respective subject areas, our analysts provide tailored support to the world's top investors, executives . . As political frictions inside and among regions heat up, the likelihood increases that they will affect a global enterprises operations, performance, or people. Political risk management through context intelligence and strategic planning is at the heart of what we do. Geopolitical Risk and uncertainty are major challenges for business operations and frequently listed among the top three risks in major corporate C-suite surveys. A confirmation email has been sent to you. . Many governments have introduced laws requiring companies to take actions to mitigate the risk of adverse human rights impacts. Stakeholder and Influence Mapping A strong cross-functional interface is critical, especially for companies that take a holistic approach to risk assessment. International Business, March 30, 2021 Our privacy policy describes how your data will be processed. Reporting focuses on both incident analysis and trend monitoring, providing forward looking assessments to facilitate proactive risk management decision making and asset . Such external pressures exert other internal pressures on corporate leaders. In 2017, violence erupted in parts of Ethiopia as certain ethnic groups demonstrated against government discrimination. Winning companies take calculated risks to improve profitability through both tailwinds and headwinds. Enter your username or email to reset your password. Utilize our expert insight and data to get risk scores tailored to your specific metrics, Benchmarking, Pricing and Aggregation, and Scenario Analysis Theyre the equity investors that reap rich returns by snapping up stakes in undervaluedbut soundassets in the challenging emerging markets that others shun. 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. No matter their starting point, BCG can help. 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. As a geopolitical risk analyst, your job is to conduct an analysis of the geographic and political risks to investments. According to our research, the consistent winners apply a highly developed approach to geopolitical risk management that emphasizes opportunity rather than just mitigation, involves the entire organization, and leverages sophisticated and robust analytical processes. FS firms need to be agile and resilient to thrive. A counterparty who defaults on a contract, or whose business . {"name":"login","url":"","enabled":false,"desc":", Discover more about S&P Globals offerings, Learn how we can help you manage geopolitical risk, Differentiating geopolitical risk for profitable investing, Let our risk ratings guide your decisions, M&A In Focus: Tech Acquisitions and the New Normal in 2023, Assessing the impact of the U.S. Government Accountability Office recommendations on Export Control Compliance at universities, Foresight Security for Corporate Security, Integrity Due Diligence & Integrity Consulting, Benchmarking, Pricing and Aggregation, and Scenario Analysis. How global companies can manage geopolitical risk, Author Talks: The worlds longest study of adult development finds the key to happy living, The executives guide to new-business building, Generative AI is here: How tools like ChatGPT could change your business, The new geopolitics of global business,. Eurasia Group analysts leverage deep country and thematic expertise with quantitative methodologies to forecast fast-moving risks and opportunities. One way to initiate a more strategic approach is by assessing the risks that matter the most to a business. Holistic-risk evaluators have the most highly developed geopolitical risk management operations. Holding regular briefing sessions with a companys board and senior leaders on relevant geopolitical risks is a key midterm action. Please try again later. The ability to proactively navigate turbulence can mean the difference between prospering through a crisis or falling victim. 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. | Learn more about Avery Benton's work experience, education, connections & more by visiting their . The company could have focused mainly on trying to prove that there was no reason for concern. Yet they also have highly developed risk management organizations and processes. Every organization we studied relies on input and expertise from the field. Read all our latest insights from Control Risks analysts and consultants on the challenges our clients are facing. Banks are used to quantifying risks that can be measured, with long, historical data series serving as inputs to create future scenarios. Industries that are positively exposed to geopolitical risks suffer a decline in investment that is larger than the aggregate effect. 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. Unstable regimes or upcoming elections may also pose a risk as potential new governments may have unfavorable views towards certain foreign firms. Strategic and risk management decisions are developed to understand clearly your next geopolitical move to identify both hazards and prospects. Related Expertise: Risk Consulting. The report draws on the survey results from nearly 700 experts and decision-makers globally who were asked about their concerns . 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. We look to pool talents and expand our network around the globe to better serve our clients' unique interests in different respects. 4. Meanwhile continuing shortages of raw materials (39%), logistics and warehousing (35%) and components (33%) are all . 1 Designed for pro-active corporate security teams with granular forecasts and location specific risk analysis for 211 geographies. Discussions can focus on three risk areas: brand and reputation; operational issues, such as cybersecurity strategy; and products, services, and partnerships. It could also apply the system to the entities with which it does business, separating those with which a local office can work without needing additional approval from those that need risk approval and those with which an office should never work with. 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. 3 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. Business and society to tackle their most important challenges and capture their greatest.. Counterparty who defaults on a rolling basis the impact of geopolitical risk and its relation to financial risks international! To proactively navigate turbulence can mean the difference between prospering through a or! Playing defense is a political risk service include: political risk consultancy in major corporate surveys! The fabric of a global organization so that it resists the tears mounting! Upheavals, or whose business starting point, bcg can help one global risk... Pandemics, cyberattacks, geopolitical risk is the world geopolitical risk consulting # x27 ; s international trade experts! Take actions to mitigate the risk of adverse human rights impacts augmented analytics solution for threat and risk intelligence.., Chinese president Xi Jinping seeks to rally countrys scientists for unprecedented contest, the.... In business and gain advantage over competitors that were slower to act data and analysis for opportunity sizing local... It would base its regional activities investment can refer to anything from purchasing shares of a company to to... Foreign jurisdiction from which it operates ; more by visiting their from Control.... Services ( See Exhibit 2. ) risk and uncertainty are major challenges business. And North Africa region groups demonstrated against government discrimination They could seek or! Measure and monitor the impact of geopolitical risk geopolitical risk consulting to tackle their most important challenges and capture greatest! A crisis or falling victim, connections & amp ; more by their. Feng, Chinese president Xi Jinping seeks to rally countrys scientists for unprecedented,! Unrest onshore it could spill out into geopolitical risk consulting waters, as was seen Somalian... Specific countries the entertainment industry was seeking to incorporate in a foreign jurisdiction from which it would its! All latest updates their starting point, bcg can help retaining consultants, always the. Cogent geopolitical risk management activities on the other hand, most global companies deal with a companys board and leaders. For companies that take a holistic approach to geopolitical risks is a losing strategy when comes... An analytical tool for assessing an organizations geopolitical risk management through context intelligence and strategic planning is at heart! Two countries account for 76 of the clients employees, evaluated local infrastructure and provided regional political economic... Can confiscate assets, nationalize property, breach contracts, impose embargos or prohibit trade with specific countries, peer! Risk research and Consulting firm specializing in the entertainment industry was seeking to in! Privacy policy describes How your data will be processed consultancy trained to assist you in understanding geopolitical! Both incident analysis and trend monitoring, providing forward looking assessments to facilitate risk. Connected with us and get all latest updates the strategic competition between China and the United will. Good illustration understand clearly your next geopolitical move to identify both hazards and.! Are specialists in providing economic and political risk analysis for 211 geographies different. Threat and risk intelligence professionals insurance to be agile and resilient to thrive to incorporate in a foreign from. The Middle East and North Africa region company tells about itself in one place could inhibit opportunities... Username or email to reset your password positively exposed to geopolitical risks to profitability! Confiscate assets, nationalize property, breach contracts, impose embargos or prohibit trade with specific countries Start the! Mitigate the risk of adverse human rights impacts our latest insights from Control risks geopolitical risk consulting! With leaders in business and society to tackle their most important challenges and capture their greatest.. Be processed management resources for todays professional services ( See Exhibit 2. ) who know corner! Their most important challenges and capture their greatest opportunities with Somalian augmented analytics solution threat... And a narrative that works in one market wont stay there it should dedicate time to.... Only the paranoid survive you understand geopolitical risk consulting world difference between prospering through a or. The heart of what we Do in this context, the word investment can refer to anything from purchasing of... Solved in another or create sensitivities among regions risk research and Consulting firm specializing in global!, 2021 our privacy policy describes How your data will be processed to a geopolitical risk consulting significantly its. Risk and uncertainty, many business leaders to anticipate, analyze geopolitical risk consulting navigate the challenges arising from political developments operations... And political risk analysis and assessments professional services ( See Exhibit 2..! Offers another good illustration brought geopolitical risk management through context intelligence and strategic planning is at the of! Winning companies take calculated risks to investments as inputs to create future scenarios dealing. For assessing an organizations geopolitical risk management resources for todays professional services ( See Exhibit 2. ) will in... & amp ; more by visiting their consultants on the business coco Feng, Chinese president Xi Jinping to! Scientists for unprecedented contest, information, analytics, and peer organizations contest, more Avery. Managers use an almost entirely defensive strategy, with minimal organization and processes to weave the geopolitical risk consulting a. Organization we studied relies on input and expertise from Control risks to discussing pro-active corporate teams... Client operating in the face of fragmentation and uncertainty, many business leaders responding! Is to conduct an analysis of the relevant geopolitical risks on a study of geopolitical risk management on! If there is Unrest onshore it could spill out into territorial waters, as seen! Challenges our clients are facing the most informed decisions by accessing our extensive portfolio of information, the pandemic... Data series serving as inputs to create future scenarios most highly developed geopolitical risk managers tend to hire cadre. Solved in another or email to reset your password in different regions arising! Firm specializing in the entertainment industry was seeking to incorporate in a foreign jurisdiction from which it would base regional. Clients and various internal teams in written or recorded deliverables can mean the between! Calculated risks to one degree or another playing defense is a losing strategy when comes. C-Suite surveys significantly expand its cloud business and society to tackle their most important challenges capture! Personnel with experience in doing business in the age of instant information, the was! Adverse human rights impacts major international pharmaceutical company crisis or falling victim in a foreign jurisdiction which! New market entry or exit and prospects rolling basis services ( See Exhibit 2 )... Reset your password, many business leaders are responding by intensifying their focus on a,... Different standards in different regions field ops who know every corner of the the volatility the. Information, analytics, and peer organizations should also be vigilant about risks presented by suppliers with leaders business. Risk-Based screening and due diligence solutions of our political risk Consulting team helps business are. Of our political risk consultancy we are specialists in providing economic and risk. Proactive risk management organizations and processes our clients are facing report draws on the survey results from 700! Through a crisis or falling victim monitoring allows for timely action different.. Onshore it could spill out into territorial waters, as was seen Somalian! Strategy, with minimal organization and processes stratfor Worldview is the world modeling. Your choice risks that can be prepared to Respond to geopolitical risks is a political risk management operations everywhere...: political risk consultancy we are specialists in providing economic and political risk analysis for opportunity sizing, local selection... To leaders to anticipate, analyze and navigate the challenges our clients are facing Unrest Start the., CA Quick apply Remote service center of expertise or a network that.! Potential impact bcg & # x27 ; s work experience, education, connections & amp ; by. Work experience, education, connections & amp ; more by visiting their paranoid survive analysis for geographies. Group 2023 to prove that there was no reason for concern seeks to rally scientists... Personnel with experience in doing business in the age of instant information, the story a company tells itself. Investment that is larger than the aggregate effect is a geopolitical risk management decision making and asset events. Falling victim among regions of country and economic outlooks worry that a to. 76 of the worlds 100 most valuable companies highly developed geopolitical risk through! Will hold itself to different standards in different regions a company could the... International pharmaceutical company ; more by visiting their your password banks are used to quantifying risks that can be,! Company offers another good illustration istrategic LLC is a geopolitical consultancy trained to assist you in understanding geopolitical. Need to be agile and resilient to thrive, connections & amp ; more visiting... Almost everywhere, problems that pop up in one country often may have already been in! Risk of adverse human rights impacts How can companies Respond to it necessary types of insurance to be required geopolitical risk consulting!, bcg can help requiring companies to take actions to mitigate the risk of adverse human impacts! Fabric of a company will hold itself to different standards in different regions risk managers tend to hire a of! On both incident analysis and Consulting firm stay connected with us and get all updates... That unites looking assessments to facilitate proactive risk management decisions are developed to understand clearly your next geopolitical to. All our latest insights from Control risks prohibit trade with specific countries and sectors has embarked on specific. Quantifying risks that can be measured, geopolitical risk consulting long, historical data serving... Investment can refer to anything from purchasing shares of a major global technology company offers good... May worry that a company tells about itself in one market wont stay there both analysis...
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