geopolitical risk consulting

J. Carson Black @ www.jcarsonblack.com

CFOs' assessments of the economy in Q3. Work with us to assess, quantify, and integrate country and geopolitical risk into your . The challenges that geopolitical risks create will get worse. [1] Geopolitical risk refers to situations involving power struggles such as wars, tensions or terrorist attacks that cannot be resolved peacefully. 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. Independent data and analysis for opportunity sizing, local partner selection, government stakeholder assessment and risk assessment. Read more. Deglobalization is poised to accelerate amid knock-on effects of Russias increased isolation from the global economy, ongoing sanctions and export controls, and the accompanying emphasis on self-reliance and the diversifying supply chains.. We offer a unique combination of advanced analytical methods and an innate understanding of intelligence gathering other security sources don't possess. 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 Eurasia Group analysts leverage deep country and thematic expertise with quantitative methodologies to forecast fast-moving risks and opportunities. <br><br>Her expertise is sought out and appreciated by multinationals, Crown corporations, associations, small businesses, employee-owned companies, nonprofits, and First Nations . 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. Citi. Leaders can cultivate cohesiveness by bringing key stakeholders to the table to share views on a given engagement or project. . . Organized crime syndicates, terrorist organizations or rebel groups can also threaten the supply chains, assets and personnel of foreign firms. Andrew S. Grove, Only the Paranoid Survive: How to Exploit the Crisis Points That Challenge Every Company, New York, NY: Currency, 1996. The Chertoff Group leverages this broad and deep expertise . Interviews with Geopolitical Analyst Ian Bremmer. Part of managing geopolitical risk is considering the ramifications of a companys core narrative. 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. Related Expertise: 3 Commodity prices rose sharply 4 after Russia . 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. 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. 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. Geopolitical risk monitoring Read more Read less Comprehensive monitoring of physical security and regulatory challenges facing business operations in any country and globally. The bank also attributed $120 million of a $524 million trading loss during the first quarter to its role as one of the counterparties in a short trade by Chinese metals group Tsingshan that went south amid the market turmoil that followed the outbreak of war. Reporting focuses on both incident analysis and trend monitoring, providing forward looking assessments to facilitate proactive risk management decision making and asset . They will be part of a dedicated team of analysts, who will provide tactical and strategic intelligence monitoring on . Identifying and implementing responses to legislation and government action. Political risk monitoring. Not many bankers want to grapple with that shift because it is inconvenient and depressing.. They view disruption strategically, as a source of opportunity; embed risk management practices across the organization; and use advanced geopolitical-risk-monitoring tools and processes. accounting technology, guidance, and expertise, Let us help you solve Geostrategic Business Group | EY - Global Close search Trending Why Chief Marketing Officers should be central to every transformation 31 Jan 2023 Consulting The CEO Imperative: How will CEOs respond to a new recession reality? But the discussions often focus on a specific investment, project, or market entry or exit. Andrew Grant is a senior partner in McKinseys Auckland office; Ziad Haider, based in the Singapore office, is the head of geopolitical risk and a director of risk in Asia; and Alastair Levy, based in the London office, is the global director of risk. In 2017, violence erupted in parts of Ethiopia as certain ethnic groups demonstrated against government discrimination. Companies should also be vigilant about risks presented by suppliers. Financial risks have probably never been more acute. Adept & highly organized self-stater. BCG's international trade consulting experts help companies make the right movesand mitigate riskto unlock competitive advantage. The Great Decoupling. 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. This website uses cookies. Stress in global financial markets is significant. The geopolitical landscape is shifting rapidly and creates multi-dimensional challenges for global organisations. Prudent geopolitical risk management also requires understanding how to deal with issues that cross borders. Our intelligence team works with regional field ops who know every corner of the . Sign in to the product or service center of your choice. 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. One energy company, for example, established a country chair position, which is typically assigned to the most senior business executive in a given country and is seen as a prestigious step toward advancement to top management. 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. Our geopolitical risk intelligence solutions provide end-to-end coverage of political, violent, sovereign, banking and investment risk worldwide. A sports industry client was exploring hosting a large televised event in a Middle Eastern city. for broadcasters and publishers, Explore our tax and American Express. Any investment in taxable fixed-income securities is subject to certain risks, including credit risk, interest-rate risk, foreign risk, and currency risk. Accurately forecast, quantify, and compare the financial viability of new investments and existing business activities by sector and project type, Bespoke Risk Scoring Utilize our expert insight and data to get risk scores tailored to your specific metrics, Benchmarking, Pricing and Aggregation, and Scenario Analysis Shipping will increasingly be drawn into geopolitical disputes," says Kinsey. many global companies are seeking their own form of strategic autonomy to navigate ChinaUS relations. 3. Subscribed to {PRACTICE_NAME} email alerts. In such discussions, its of utmost importance to make sure that all affected geographic regions are represented. Holding regular briefing sessions with a companys board and senior leaders on relevant geopolitical risks is a key midterm action. 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. by And differences can dissolve into disagreements about risk and 3 Violence and Civil Unrest If there is unrest onshore it could spill out into territorial waters, as was seen with Somalian . /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. The new geopolitics of global business, Economist, June 5, 2021, economist.com. They explain, "In volatile times such as these, a company's instinct is to focus on defense to protect the business from harm. But if those talks dont directly affect a companys operations, its board may not need to dedicate time to them. Having an intimate knowledge of these diverse, complex and developing dynamics is critical in order to identify challenges before they become problems. 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. 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. We have developed an analytical tool for assessing an organizations geopolitical risk management practices and opportunity. Partner & Director, Global Trade & Investment, Managing Director & Senior Partner; Global Leader, Energy Practice. New market entry All rights reserved. The negative effects of climate change and progressively severe and frequent extreme weather events are becoming harder to ignore. The Ukraine war is likely to drive geopolitical fragmentation and the emergence of blocs, in our view, BlackRock said in its report. 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. Organizations can be prepared to respond to geopolitical risks across multiple time frames. The report draws on the survey results from nearly 700 experts and decision-makers globally who were asked about their concerns . Boston Consulting Group 2023. Full-Time. Managing geopolitical risk. Nowhere is the fallout from current geopolitical tensions more apparent than the unfolding competition between China and the United States. 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. Trade consulting experts help companies make the right movesand mitigate riskto unlock competitive advantage ; assessments the. Respond to geopolitical risks is a key midterm action we have developed an analytical tool for assessing organizations! 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