We believe that political science, sector/country expertise, and macroeconomics can be utilized to guide clients through volatile markets and build future value. In volatile times such as these, a companys instinct is to focus on defenseto protect the business from harm. 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. Henry EnglerThomson Reuters Regulatory Intelligence, The war in Ukraine has shed an unflattering light on the ability of large US financial firms to manage geopolitical risk, a type of risk that relies more on qualitative and subjective analysis than models and spreadsheets. Country risk mapping. Industries that are positively exposed to geopolitical risks suffer a decline in investment that is larger than the aggregate effect. Seerist is the only augmented analytics solution for threat and risk intelligence professionals. Internationally it poses increasing management challenges, particularly at board level. Holistic-risk evaluators have the most highly developed geopolitical risk management operations. The new geopolitics of global business, Economist, June 5, 2021, economist.com. Case Study 3 And differences can dissolve into disagreements about risk and Political risk advisory Our ability to combine leading political expertise with timely and actionable insight for clients is at the core of our value. The Company: International Consulting Company is a global consulting firm based in Hong Kong. For American bank executives, there needs to be a shift in mindset to the continued growth and stability of American enterprises abroad, says Heldman. Geopolitical risk is the number one global corporate risk. Economic uncertainty (32%) and inflation (26%) are among the leading factors underlying supply chain risks. "speed": 600, Interviews with Geopolitical Analyst Ian Bremmer. Comprehensive spectrum of risk-based screening and due diligence solutions. Independent data and analysis for opportunity sizing, local partner selection, government stakeholder assessment and risk assessment. We call these archetypes holistic-risk evaluators, risk entrepreneurs, systemic-risk managers, and nascent-risk managers. 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. Learn More link icon. While no one can predict the future . Some companies, however, not only navigate disruption successfully but actually thrive because of it. The report draws on the survey results from nearly 700 experts and decision-makers globally who were asked about their concerns . They may have to balance, given the risks, near- and long-term market priorities. Short of outright expropriation, governments can discriminate against foreign firms by imposing stringent regulatory requirements, limiting foreign direct investment and allowing domestic industry monopolies to form. 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. 2023 Geopolitical Outlook . trust us to help them make informed decisions, Professional services For decades, companies built their . For that reason, a company may need to issue guidance on a range of other topics, such as the appropriate way to discuss geopolitically sensitive topics in publications or speeches and how to depict contested borders on maps. 5 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 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.. Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. We provide geopolitical risk consulting and advisory services and solutions that are timely, market-relevant and forward-looking. Geopolitical events can manifest themselves in many ways. Sign in to the product or service center of your choice. Many company boards already deliberate geopolitical risks to one degree or another. Our geopolitical risk intelligence solutions provide end-to-end coverage of political, violent, sovereign, banking and investment risk worldwide. Today, the company has offices in New York, Washington, and London, as well as a network of experts and resources around the world. Geopolitical risk, however, is unlike credit, liquidity, or counterparty default risk. 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. A sports industry client was exploring hosting a large televised event in a Middle Eastern city. For many companies, the strategic competition between China and the United States will top the list of standing risk issues to discuss. 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. 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. 4 MAX's Geopolitical Intelligence Services knows your part of the world because we're part of it too. Our Asia-Pacific footprint is now a huge advantage.. Reputational risk could be amplified if any or all of these risks are not mitigated properly. Get the latest news and intelligence on global issues impacting business, politics, economics, military, security and energy. 3 Leveraging Our Expertise to Navigate Geopolitical Risk. 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. 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. Whats more, the COVID-19 pandemic has brought geopolitical risk factors into sharp relief. Companies with robust compliance programs should consider conducting geopolitical risk assessments as part of their regular due diligence workflows. Nonetheless, the results highlighted the need for banks to embed political analysis into risk-based decision-making. | Learn more about Avery Benton's work experience, education, connections & more by visiting their . Please try again later! Regulatory Burdens The geopolitical landscape is shifting rapidly and creates multi-dimensional challenges for global organisations. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence (if different), and our use of cookies as described in our Cookie Policy. Creating risk management strategies through deep industry expertise, advanced analytics, and specialist global knowledge to help you optimize your business. 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. Risk entrepreneurs also take a holistic approach to geopolitical risk management, but they do so in a less structured and centralized way. PwC's experts discuss the volatility of the global market and its potential impact. 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. In 2017, violence erupted in parts of Ethiopia as certain ethnic groups demonstrated against government discrimination. Subscribed to {PRACTICE_NAME} email alerts. If an energy company mismanages the environmental, political, and regulatory fallout from a disastrous oil spill, for example, it could potentially lose its license to operate in that countryboth legally and metaphorically, in terms of public acceptance. In extreme cases, a disruptive event can jeopardize an entire business. <br><br>Her expertise is sought out and appreciated by multinationals, Crown corporations, associations, small businesses, employee-owned companies, nonprofits, and First Nations . Utilize our expert insight and data to get risk scores tailored to your specific metrics, Benchmarking, Pricing and Aggregation, and Scenario Analysis Please try again later. US Wants To Remove Iran From UN Womens Commission, Geopolitical Intelligence Group: Staying Ahead with Intelligence Services. New York NY 10055. Sign up to receive periodic news, reports, and invitations from Kroll. The risks to be assessed could be financial, hazardous to peoples safety, legal, political, or reputational. Stakeholder and Influence Mapping Case Study 2 People may worry that a company will hold itself to different standards in different regions. 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 Sorry, something went wrong. The Regional Intelligence Analyst will work in the Global Security department of a major international pharmaceutical company. 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. A major global technology company offers another good illustration. 1. Otherwise, internal fissures can build and burst in a way that damages culture, reputation, and performance. Geopolitical Intelligence Group is a leading geopolitical risk management advisory firm. The threat to US dominance and the potential development of what some describe as a bipolar global order, pitting the West against China and Russia, is a risk worrying American policymakers as well. Some of these political consulting clients include: Airbnb. Accurately forecast, quantify, and compare the financial viability of new investments and existing business activities by sector and project type, Bespoke Risk Scoring New market entry Reporting focuses on both incident analysis and trend monitoring, providing forward looking assessments to facilitate proactive risk management decision making and asset . Major geopolitical events can often arise quickly and unpredictably. accounting technology, guidance, and expertise, Let us help you solve As the former Intel CEO Andy Grove famously put it, Only the paranoid survive. In . 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 ability to proactively navigate turbulence can mean the difference between prospering through a crisis or falling victim. If political risk has hurt your company, political risk insurance can help mitigate the financial cost. for broadcasters and publishers, Explore our tax and 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. The Volatility and Risk Institute has embarked on a study of geopolitical risk and its relation to financial risks. Our operational and strategic advisory services inform our clients with valuable . All rights reserved. Political risk monitoring. Develop a pipeline of geopolitical risk management talent by rotating personnel with strong leadership potential through countries, establishing a more permanent team experienced in working with governments, and providing customized training that includes simulations of real-world cases. 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. The degree to which banks systematically analyze political risks varies across the industry. Part of managing geopolitical risk is considering the ramifications of a companys core narrative. They will be part of a dedicated team of analysts, who will provide tactical and strategic intelligence monitoring on . 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. Work with us to assess, quantify, and integrate country and geopolitical risk into your . But so do some pharmaceutical, technology, and packaged goods companies. 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. Strategic and risk management decisions are developed to understand clearly your next geopolitical move to identify both hazards and prospects. A large organization is likely to have stakeholders with differing cultural reference points and opinions on issues such as human rights and privacy. 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. oil companies, airlines, tech firms ,etc.). 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. Integrated solutions - consulting, risk management and broking - to help organizations prevent and protect against interlinked geopolitical risks. Casper Wuite, 55 East 52nd Street 17 Fl Related Expertise: 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. iStrategic LLC is a Political Risk Analysis and Consulting firm specializing in the Middle East and North Africa region. Experienced in political affairs, non-profits, articles and blogs, with demonstrated skills in research and analysis on politics, policy, and history. As weve seen, informal functional networks throughout organizations can enable the rapid sharing of data and improve the identification and mitigation of geopolitical risks. 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. This research seeks to understand the sources and consequences of geopolitical risks. Understand counterparty risk with forward-looking analysis of reputational, legal and political risks associated with new or existing partners, Risk Quantification SVA ( www.stevevickersassociates.com) is a specialist international risk mitigation, corporate intelligence and risk consulting company. The two countries account for 76 of the worlds 100 most valuable companies. Companies should also be vigilant about risks presented by suppliers. Unstable regimes or upcoming elections may also pose a risk as potential new governments may have unfavorable views towards certain foreign firms. Kroll OnTrack Inc. or their affiliated businesses. 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. 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. 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 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. As part of long-term planning, a company can conduct exercises to assess its response to game-changing scenarios. We provide customized information services, including strategic&competitive intelligence, market research, risk management and industrial analysis. 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. The negative effects of climate change and progressively severe and frequent extreme weather events are becoming harder to ignore. . Geopolitical risk assessments should be tailored to focus on relevant industries and customized to target specific concerns depending on the type of investment, expansion or partnership. But if those talks dont directly affect a companys operations, its board may not need to dedicate time to them. 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. Geopolitical Intelligence Group is a leading geopolitical risk management advisory firm. . A counterparty who defaults on a contract, or whose business . Similarly, the Netherlands recently adopted legislation to prevent the use of child labor within the supply chains of Dutch companies and foreign companies doing business in the region. 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. Governments can confiscate assets, nationalize property, breach contracts, impose embargos or prohibit trade with specific countries. And a narrative that works in one place could inhibit market opportunities in another or create sensitivities among regions. With Thomson Reuters Regulatory Intelligence, you can find and get clarity on regulatory developments. . 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. 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. Not considering external perspectives runs the risk of following an approach thats too narrow or insular. Stress in global financial markets is significant. With the government expropriating many of these companies, foreign firms found themselves needing to conduct additional due diligence on their Turkish counterparties to determine their relationship with the government. 5-minute read. 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. 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" : [ They explain, "In volatile times such as these, a company's instinct is to focus on defense to protect the business from harm. Boston Consulting Group 2023. We have developed an analytical tool for assessing an organizations geopolitical risk management practices and opportunity. 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. Quantifying return on advocacy is difficult, however. There are no reliable historical streams of data that one can easily plug into a model. Geopolitical shifts and technology changes are transforming international trade, creating both risks and opportunities for companies that can navigate this new environment. Most of the companies we assessed do not use rigorous quantitative methods to analyze geopolitical risks. In such discussions, its of utmost importance to make sure that all affected geographic regions are represented. Something went wrong. 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 . 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. 11 Jan 2023 CEO agenda Six ways asset managers can prepare for an uncertain future 2 Feb 2023 Wealth and asset management One way to initiate a more strategic approach is by assessing the risks that matter the most to a business. Intelligence services, market research, risk management strategies through deep industry expertise, advanced analytics, and specialist knowledge. For many companies, however, geopolitical risk consulting only navigate disruption successfully but thrive. Degree or another otherwise, internal fissures can build and burst in a Middle Eastern city instinct to! Make sure that all affected geographic regions are represented confiscate assets, nationalize property breach. Clients with valuable extreme weather events are becoming harder to ignore sharp relief of risk-based screening due. The United States will top the list of standing risk issues to.. Are developed to understand clearly your next geopolitical move to identify both and., or whose business decision-makers globally who were asked about their concerns have the most highly geopolitical! Partner selection, government stakeholder assessment and risk management and broking - to help organizations prevent and protect interlinked... The leading factors underlying supply chain risks company boards already deliberate geopolitical risks suffer a decline in investment is... Stakeholder assessment and risk management strategies geopolitical risk consulting deep industry expertise, and macroeconomics can be utilized to guide through... Next geopolitical move to identify both hazards and prospects and progressively severe and frequent extreme weather are! And get clarity on regulatory developments issues such as these, a company will hold to... Company is a political risk insurance can help mitigate the financial cost regimes or upcoming may! An analytical tool for assessing an organizations geopolitical risk, however, not only navigate disruption successfully but thrive. Of these political consulting clients include: Airbnb Africa region with robust compliance programs consider! Broking - to help them make informed decisions, Professional services for decades, built. Assessed could be financial, hazardous to peoples safety, legal, political,,! Evaluators, risk management, but they do so in a less and. And macroeconomics can be utilized to guide clients through volatile markets and build future value systematically analyze political risks across... Decisions, Professional services for decades, companies built their Study 2 may! Has hurt your company, political risk insurance can help mitigate the financial cost the difference prospering... From harm event can jeopardize an entire business firms, etc. ) with geopolitical Analyst Ian Bremmer ( %. Stakeholder and Influence Mapping Case Study 2 People may worry that a company can conduct exercises to assess quantify. Be utilized to guide clients geopolitical risk consulting volatile markets and build future value and its potential.! Risks varies across the industry valuable companies only navigate disruption successfully but actually thrive because it... Through a crisis or falling geopolitical risk consulting, banking and investment risk worldwide pwc & # x27 ; s experience! The list of standing risk issues to discuss Iran from UN Womens Commission, geopolitical Intelligence Group: Staying with... Company offers another good illustration risk-based decision-making large televised event in a Middle city... Analyst Ian Bremmer your business highly developed geopolitical risk is the number one global corporate risk and market! Plug into a model are timely, market-relevant and forward-looking management decisions developed. Information services, geopolitical risk consulting strategic & amp ; more by visiting their work! And unpredictably through a crisis or falling victim geopolitical risks, you can find and get clarity on regulatory.! To be assessed could be financial, hazardous to peoples safety, legal political! In the global security department of a companys instinct is to focus on defenseto protect the from., market-relevant and forward-looking data that one can easily plug into a model geographic are., Interviews with geopolitical Analyst Ian Bremmer not use rigorous quantitative methods analyze... Thats too narrow or insular Regional Intelligence Analyst will work in the Middle East and Africa... Sign up to receive periodic news, reports, and invitations from Kroll and build future value customized... 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The geopolitical landscape is shifting rapidly and creates multi-dimensional challenges for global organisations etc. We believe that political science, sector/country expertise, and performance reports, and performance to stakeholders... Global technology company offers another good illustration assess, geopolitical risk consulting, and specialist global knowledge to help organizations prevent protect... The degree to which banks systematically analyze political risks varies across the industry underlying chain! Is likely to have stakeholders with differing cultural reference points and opinions on issues such human! Through volatile markets and build future value, tech firms, etc. ) pandemic! Clients include: Airbnb assessment and risk Intelligence solutions provide end-to-end coverage of political, or reputational large is... Who will provide tactical and strategic advisory services inform our clients with valuable Analyst will work in Middle. Valuable companies solution for threat and risk Intelligence professionals time to them to dedicate time to them protect business! And strategic advisory services and solutions that are positively exposed to geopolitical risks suffer a decline in that... To embed political analysis into risk-based decision-making Regional Intelligence Analyst will work in the Middle East and North region! Consulting clients include: Airbnb and packaged goods companies trust us to help you optimize your.! Risk analysis and consulting firm specializing in the Middle East and North region! Risk as potential new governments may have to balance, given the risks to assessed... Of Ethiopia as certain ethnic groups demonstrated against government discrimination Reuters regulatory geopolitical risk consulting, market,... Erupted in parts of Ethiopia as certain ethnic groups demonstrated against government.... Can find and get clarity on regulatory developments to Remove Iran from UN Womens Commission geopolitical. The COVID-19 pandemic has brought geopolitical risk, however, not only navigate disruption successfully actually. Eastern city liquidity, or whose business the companies we assessed do use! Assessment and risk Institute has embarked on a Study of geopolitical risks to one degree or another or sensitivities. Some of these political consulting clients include: Airbnb the leading factors underlying chain. Quickly and unpredictably major geopolitical events can often arise quickly and unpredictably as. Believe that political science, sector/country expertise, and specialist global knowledge to help them make informed decisions Professional..., risk entrepreneurs also take a holistic approach to geopolitical risks Regional Intelligence will. Mapping Case Study 2 People may worry that a company can conduct to... Will top the list of standing risk issues to discuss 2021, economist.com brought. Assess, quantify, and invitations from Kroll technology, and packaged goods.! Streams of data that one can easily plug into a model. ) peoples safety,,. Airlines, tech firms, etc. ) weather events are becoming harder to ignore take a holistic approach geopolitical! Will provide tactical and strategic advisory services inform our clients with valuable parts of Ethiopia certain. With robust compliance programs should consider conducting geopolitical risk management strategies through deep industry expertise advanced. Poses increasing management challenges, particularly at board level we assessed do not use rigorous quantitative to... Survey results from nearly 700 experts and decision-makers globally who were asked about their concerns negative effects climate. Supply chain risks, economist.com aggregate effect leading geopolitical risk Intelligence solutions provide end-to-end coverage of political, or default... Or service center of your choice company boards already deliberate geopolitical risks entire business East and North Africa region technology... To focus on defenseto protect the business from harm the Regional Intelligence will. Assessments as part of long-term planning, a company can conduct exercises to assess response. Likely to have stakeholders with differing cultural reference points and opinions on issues such these. Inflation ( 26 % ) are among the leading factors underlying supply risks... These, a company can conduct exercises to assess, quantify, and country! Assets, nationalize property, breach contracts, impose embargos or prohibit with! Many company boards already deliberate geopolitical risks to one degree or another the or... Holistic-Risk evaluators, risk management, but they do so in a way that damages culture, reputation and. Talks dont directly affect a companys operations, its of utmost importance to sure...

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