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. Tailored, high-impact executive workshops, Speaking engagements and macro strategy conversations. Its up to leaders to weave the fabric of a global organization so that it resists the tears that mounting pressures threaten to create. 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. Compacts provide strategic guidance for engaging within a country. Successful geopolitical risk managers tend to hire a cadre of personnel with experience in doing business in the market and dealing with local agencies. Sign in with your username. Risk Consulting. A confirmation email has been sent to you. 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. Geopolitical events can manifest themselves in many ways. Eurasia Group 2023. The decoupling of the US-Chinese tech sector is already disrupting bilateral flows of technology, talent, and investment. But the discussions often focus on a specific investment, project, or market entry or exit. The Chertoff Group leverages this broad and deep expertise . 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. 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 There are no reliable historical streams of data that one can easily plug into a model. @ Thomson Reuters, Sales Others may opt to identify as global entities because of the access it accords them to pursue business opportunities in emerging markets. We support each client's unique risk profile . The new geopolitics of global business, Economist, June 5, 2021, economist.com. One way to initiate a more strategic approach is by assessing the risks that matter the most to a business. Kroll is not affiliated with Kroll Bond Rating Agency, 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. MAX's Geopolitical Intelligence Services knows your part of the world because we're part of it too. The businesss board can apply a materiality test to pinpoint what it should dedicate time to discussing. Please try again later! Subscribed to {PRACTICE_NAME} email alerts. 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. Geopolitical Intelligence Group (GIG) is a leading provider of intelligence services, offering strategic and operational insights into the complex geopolitical environment that affects businesses. Geopolitical Intelligence Group is a leading geopolitical risk management advisory firm. Governments can confiscate assets, nationalize property, breach contracts, impose embargos or prohibit trade with specific countries. 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. As part of long-term planning, a company can conduct exercises to assess its response to game-changing scenarios. Our operational and strategic advisory services inform our clients with valuable . 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. A large organization is likely to have stakeholders with differing cultural reference points and opinions on issues such as human rights and privacy. Banks are used to quantifying risks that can be measured, with long, historical data series serving as inputs to create future scenarios. Geopolitical shifts and technology changes are transforming international trade, creating both risks and opportunities for companies that can navigate this new environment. SVA ( www.stevevickersassociates.com) is a specialist international risk mitigation, corporate intelligence and risk consulting company. We believe that political science, sector/country expertise, and macroeconomics can be utilized to guide clients through volatile markets and build future value. 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. Coco Feng, Chinese president Xi Jinping seeks to rally countrys scientists for unprecedented contest,. Because the company sells its products almost everywhere, problems that pop up in one country often may have already been solved in another. Taking a bionic approach to digital transformation can lead to successful business outcomes. 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.. Partner & Director, Global Trade & Investment, Managing Director & Senior Partner; Global Leader, Energy Practice. Read more. Some of these political consulting clients include: Airbnb. 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. Economic and Geopolitical scenarios 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. for broadcasters and publishers, Explore our tax and Article (7 pages) Geopolitical risk is at the top of the CEO agenda, according to McKinsey's latest survey of global economic conditions. A major global technology company offers another good illustration. Adaptive artificial intelligence combined with localised geopolitical risk expertise from Control Risks. Atlas Risk Group is a geopolitical risk analysis, consulting, and advisory services firm founded by Omer Aziz and Shane Sencal-Tremblay. Stratfor Worldview is the world's leading geopolitical intelligence platform. 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. BCG X disrupts the present and creates the future by building bold new tech products, services, and businesses. 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. Country risk mapping. 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. 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. One stream is to work for consultancies - i.e. We offer our . 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. Technology, especially, has become what Chinese president Xi Jinping has called the main battleground of global power rivalry. 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. <br><br>Her expertise is sought out and appreciated by multinationals, Crown corporations, associations, small businesses, employee-owned companies, nonprofits, and First Nations . Managing volatility requires an understanding of the impact on business, customers and environment. A strong cross-functional interface is critical, especially for companies that take a holistic approach to risk assessment. Geopolitical Intelligence Group: Staying Ahead with Intelligence Servicesit. In 2017, violence erupted in parts of Ethiopia as certain ethnic groups demonstrated against government discrimination. 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. Capital reserves, credit portfolios, investment policies and capital and debt profiles all demand constant scrutiny to adequately manage and mitigate risk. Supporting the growth of Control Risks' Embedded & Security Consulting practices throughout APAC. Nowhere is the fallout from current geopolitical tensions more apparent than the unfolding competition between China and the United States. Theyre the equity investors that reap rich returns by snapping up stakes in undervaluedbut soundassets in the challenging emerging markets that others shun. Adept & highly organized self-stater. Coco Feng, Chinese president Xi Jinping seeks to rally countrys scientists for unprecedented contest, South China Morning Post, May 29, 2021, scmp.com. They will be part of a dedicated team of analysts, who will provide tactical and strategic intelligence monitoring on . Citi. Many companies, both financial and non-financial, were caught off guard, despite Putin having telegraphed his intentions for months in advance. Conduct time-efficient international policy monitoring and updates. 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. We are constantly searching for overlooked assets where we can navigate the risk, while others are unwilling or unable to, an executive of a private-equity firm with a decades-long record of success in emerging markets told us. A company could apply the warning system to the sectors in which it operates. Creating risk management strategies through deep industry expertise, advanced analytics, and specialist global knowledge to help you optimize your business. Some may, for commercial and strategic reasons, choose to strengthen ties to the countries where the companies are based. Stakeholders with differing cultural reference points and opinions on issues such as human rights and privacy a business investment! 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