geopolitical risk consulting

We'll email you when new articles are published on this topic. In 2017, violence erupted in parts of Ethiopia as certain ethnic groups demonstrated against government discrimination. . many global companies are seeking their own form of strategic autonomy to navigate ChinaUS relations. Global geopolitical risk and economic uncertainty have increased dramatically over the past decade, according to leading indices. Whats their secret? Governments can confiscate assets, nationalize property, breach contracts, impose embargos or prohibit trade with specific countries. Managing risk in today's environment is complex. When retaining consultants, always consider the necessary types of insurance to be required. Our policy and political risk consulting team helps business leaders to anticipate, analyze and navigate the challenges arising from political developments. Because the company sells its products almost everywhere, problems that pop up in one country often may have already been solved in another. Yet, companies find Geopolitical Risk difficult to fully understand and even more challenging to manage. Building a more holistic and entrepreneurial approach requires action in all three dimensions: enhancing the strategic role of risk management, ingraining it into the organization, and developing robust processes. 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. 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. 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. trust us to help them make informed decisions, Professional services firms, Access global tax, legal, The Volatility and Risk Institute has embarked on a study of geopolitical risk and its relation to financial risks. Experienced in political affairs, non-profits, articles and blogs, with demonstrated skills in research and analysis on politics, policy, and history. Every organization we studied relies on input and expertise from the field. 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. We support each client's unique risk profile . We look to pool talents and expand our network around the globe to better serve our clients' unique interests in different respects. Regulatory Burdens Managing geopolitical risk. From project or investment selection, through market entry and ongoing risk monitoring and management, we can support you with actionable intelligence, business relevant forecasts, and tailored solutions. Derek Leatherdale and Hanif Barma from the Risk Coalition identify in this article the key things that any board or risk committee should consider in the context of the complex and volatile geopolitical environment in which business now operates. 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. accounting technology, guidance, and expertise, Let us help you solve Kroll is not affiliated with Kroll Bond Rating Agency, Our intelligence analysts are building on 20 years experience in understanding political risks faced by our clients in insurance and financial services. Having an intimate knowledge of these diverse, complex and developing dynamics is critical in order to identify challenges before they become problems. 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.. All rights reserved. The other stream is to work for such client companies directly, in an "in-house" role - i.e. Independent data and analysis for opportunity sizing, local partner selection, government stakeholder assessment and risk assessment. Leverage unparalleled Geopolitical risk monitoring Read more Read less Comprehensive monitoring of physical security and regulatory challenges facing business operations in any country and globally. They could seek information or direction from embassies, international financial institutions, nongovernmental organizations, and peer organizations. 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. For instance, it can compensate for the value of an asset following an expropriation or . . Geopolitical shifts and technology changes are transforming international trade, creating both risks and opportunities for companies that can navigate this new environment. Nowhere is the fallout from current geopolitical tensions more apparent than the unfolding competition between China and the United States. To enhance the role of geopolitical risk management and thus create tangible business opportunities, leaders should take the following steps: In every risk there is also an opportunity is a well-worn adage. Andrew Cuomo, Governor (NY) Bill & Melinda Gates Foundation. Geopolitics is "the study of the effects of Earth's geography (human and physical) on politics and international relations.". 1. This website uses cookies. 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 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. These organizations take many forms. To ingrain the importance of external relations throughout their organizations, some companies rotate high performers and potential candidates for upper management into country leadership positions, where risk management becomes one of their duties. Our geopolitical risk intelligence solutions provide end-to-end coverage of political, violent, sovereign, banking and investment risk worldwide. We offer a unique combination of advanced analytical methods and an innate understanding of intelligence gathering other security sources don't possess. Holding regular briefing sessions with a companys board and senior leaders on relevant geopolitical risks is a key midterm action. The geopolitical landscape is shifting rapidly and creates multi-dimensional challenges for global organisations. Comprehensive spectrum of risk-based screening and due diligence solutions. Cultural Missteps 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. For decades, companies built their . Any copying or distribution of Eurasia Group materials is prohibited. 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. . Systemic-risk managers adopt a primarily defensive position, focusing on protecting their businesses from the downsides of change. Quantifying return on advocacy is difficult, however. 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. Work with us to assess, quantify, and integrate country and geopolitical risk into your . Part of managing geopolitical risk is considering the ramifications of a companys core narrative. Indeed, in its most recent geopolitical risk dashboard, the BlackRock Investment Institute put a technological decoupling between China and the United States as the third highest risk, with a widening of the conflict in Ukraine between NATO and Russia and major cyber-attacks causing significant damage to infrastructure and financial markets seen as the top two risks. Geopolitical risk, however, is unlike credit, liquidity, or counterparty default risk. 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. Supporting corporate third-party management programs to drive risk-based due diligence decisions. Eurasia Group 2023. CFOs' assessments of the economy in Q3. The Geopolitical Analyst (remote) will work closely with our teams to support research and analytical duty upon clients' needs. Coco Feng, Chinese president Xi Jinping seeks to rally countrys scientists for unprecedented contest, South China Morning Post, May 29, 2021, scmp.com. The most successful opportunists carefully monitor any situation that may, at first glance, appear to be a threat. Our Asia-Pacific footprint is now a huge advantage.. For example, the Iran nuclear talks have significant regional and global consequences. 5 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. As one of the country's top political consulting firms, Global Strategy Group has worked with many diverse and high-profile clients to serve a range of unique needs. 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