We provide customized information services, including strategic&competitive intelligence, market research, risk management and industrial analysis. Norwegian Risk Consulting International - NRCI - is a geopolitical risk consultancy founded in 2010. 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. New market entry Strategic and risk management decisions are developed to understand clearly your next geopolitical move to identify both hazards and prospects. 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. We provide geopolitical risk consulting and advisory services and solutions that are timely, market-relevant and forward-looking.
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While no one can predict the future . 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 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. 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. Case Study 3
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.
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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. Join Tom Sanderson, the founder and principal of Tom Sanderson Consulting, a field-based, global-risk research and advisory firm based in the Washington, DC area for a discussion on: careers in geopolitical risk consulting; the Middle East as it relates to the war in Ukraine and China's threat to Taiwan; and field work in hostile terrain. American Express. Kroll OnTrack Inc. or their affiliated businesses. With tectonic shifts in geopolitics rumbling from Chinas reemergence on the global stage, a climate crisis, and the Fourth Industrial Revolution, companies must be on guard. There are no reliable historical streams of data that one can easily plug into a model. Turn qualitative country risk information into quantitative risk analysis and scores, Country Risk Investment Model Consider the trade-offs of framing how the company talks about itself in a specific way, if that narrative could create conflicts with external or internal stakeholders, and what the potential remedies could be. . Complying with anti-money laundering and anti-bribery and corruption regulations. Our . 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 . CFO sentiment got off to a very strong start in the first quarter of 2017. Stress in global financial markets is significant.
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Kroll is not affiliated with Kroll Bond Rating Agency, 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. Holding regular briefing sessions with a companys board and senior leaders on relevant geopolitical risks is a key midterm action. In volatile times such as these, a companys instinct is to focus on defenseto protect the business from harm. 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.. Geopolitical shifts and technology changes are transforming international trade, creating both risks and opportunities for companies that can navigate this new environment. The 16th edition of the Global Risks Report, published by the World Economic Forum with support from Marsh McLennan, highlights the disruptive implications of major risks, including the COVID-19 pandemic, that may reshape our world in 2021 and over the next decade. Companies should also be vigilant about risks presented by suppliers.
Political risk consulting. The firm serves financial institutions, private equity . Managing geopolitical risk. Sign up to receive periodic news, reports, and invitations from Kroll. Leveraging Our Expertise to Navigate Geopolitical Risk. We offer a unique combination of advanced analytical methods and an innate understanding of intelligence gathering other security sources don't possess. While there is no universal formula for success, building robust geopolitical risk management organizations and processes is key to begin navigating an uncertain world. But in the age of instant information, the story a company tells about itself in one market wont stay there. 1
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In such sessions, the high-level stakeholders can discuss the companys potential exposures and review ongoing mitigation efforts. 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. Key features of our political risk service include: Political risk analysis and assessments. We'll email you when new articles are published on this topic. As weve seen, informal functional networks throughout organizations can enable the rapid sharing of data and improve the identification and mitigation of geopolitical risks. Putting politics first since 1998. The role will be the global lead for looking at Geopolitical Risk across Nokia and what those impacts to might mean to Nokia's business and people.
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. As a result, the company was able to significantly expand its cloud business and gain advantage over competitors that were slower to act. Advanced Country Analysis & Forecasting Managing risk in today's environment is complex. We call these archetypes holistic-risk evaluators, risk entrepreneurs, systemic-risk managers, and nascent-risk managers. Stay connected with us and get all latest updates. Depending on the circumstance, a companys leaders may have to weigh the effect that political or media scrutiny on the companys operations in one area has on its holdings in other locales. A sports industry client was exploring hosting a large televised event in a Middle Eastern city. Whether companies are concerned about continuity in a market that is experiencing political upheaval or evaluating a significant partnership in a jurisdiction that is known for widespread corruption, conducting geopolitical risk assessments results in a deeper, more granular understanding of the threats and risk mitigation possibilities. | Eurasia Group is the world's leading global political risk research and consulting firm. Already a member? 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. Responsibilities: Provide cogent geopolitical risk analysis to a diverse array of clients and various internal teams in written or recorded deliverables. Yet few companies consistently act on it. strategy. Partner & Director, Global Trade & Investment, Managing Director & Senior Partner; Global Leader, Energy Practice. Creating short-term, midterm, and long-term response strategies ensures that a company can not only handle a fast-changing situation or emergency but also make the investments needed to seize opportunities and become more resilient. Accurately forecast, quantify, and compare the financial viability of new investments and existing business activities by sector and project type, Bespoke Risk Scoring Risk entrepreneurs also take a holistic approach to geopolitical risk management, but they do so in a less structured and centralized way. Not engaging in such discussions in the current geopolitical context would be malpractice. Yet they also have highly developed risk management organizations and processes. 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. SVA ( www.stevevickersassociates.com) is a specialist international risk mitigation, corporate intelligence and risk consulting company. "fade": true,
Geopolitical risk, however, is unlike credit, liquidity, or counterparty default risk. Understand counterparty risk with forward-looking analysis of reputational, legal and political risks associated with new or existing partners, Risk Quantification We offer our . Geopolitical Risk – What Is It and How Can Companies Respond To It? 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. Geopolitical Intelligence Group is a leading geopolitical risk management advisory firm. 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. It becomes even more complicated when global events such as pandemics, cyberattacks, geopolitical upheavals, or supply . Whats their secret? 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. 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. Leaders face an uncertain landscape. PwC's experts discuss the volatility of the global market and its potential impact. ), policy decisions (limits to foreign direct investment, tolerance of corrupt elites, etc.)
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. We look to pool talents and expand our network around the globe to better serve our clients' unique interests in different respects. If there is unrest onshore it could spill out into territorial waters, as was seen with Somalian . 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. Our geopolitical risk intelligence solutions provide end-to-end coverage of political, violent, sovereign, banking and investment risk worldwide. Even leading global companies within the same industry can differ sharply, depending on their corporate cultures and geopolitical risk appetites. 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. 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? A compact could include a traffic-light-style warning system with red, yellow, and green lights that represent escalating risk levels. 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 organizations appetite for riskit helps create consensus across leadership on the issues of the day. A counterparty who defaults on a contract, or whose business . Sorry, something went wrong. The Ukraine war is likely to drive geopolitical fragmentation and the emergence of blocs, in our view, BlackRock said in its report. The report draws on the survey results from nearly 700 experts and decision-makers globally who were asked about their concerns . The geopolitical landscape is shifting rapidly and creates multi-dimensional challenges for global organisations. }, Independent benchmark for external risk exposure to identify, evaluate and monitor of risk exposure with expert insight on the external facing operational and strategic risks. Conduct time-efficient international policy monitoring and updates. Geopolitics is personal. for political and security risk firms that sell their services or analysis to client companies (e.g. Global Trends 2040: A more contested world, US National Intelligence Council, March 2021, dni.gov. One consumer packaged goods company we studied has developed a strong knowledge-sharing culture among functional networks. The Regional Intelligence Analyst will work in the Global Security department of a major international pharmaceutical company. Reputational risk could be amplified if any or all of these risks are not mitigated properly. Such a test would include a time frame for execution and possible technical options. 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. This research seeks to understand the sources and consequences of geopolitical risks. 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.
Stratfor Worldview is the world's leading geopolitical intelligence platform. Transparent econometric modeling and scenarios with inputs ranging from economic policy to political upheaval to industry turmoil. But so do some pharmaceutical, technology, and packaged goods companies. Any copying or distribution of Eurasia Group materials is prohibited. Goldman Sachs, meanwhile, which in February disclosed that its Russian exposure was $650 million, said it had suffered a net loss of about $300 million on investments in Russia and Ukraine. 1.
Designed for pro-active corporate security teams with granular forecasts and location specific risk analysis for 211 geographies. Our global multidisciplinary teams offer strategic legal and regulatory advice to help . Cultural Missteps
"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. [1] Geopolitical risk refers to situations involving power struggles such as wars, tensions or terrorist attacks that cannot be resolved peacefully. Coco Feng, Chinese president Xi Jinping seeks to rally countrys scientists for unprecedented contest,. Supporting corporate third-party management programs to drive risk-based due diligence decisions. Successful geopolitical risk managers tend to hire a cadre of personnel with experience in doing business in the market and dealing with local agencies.
and risk management resources for todays professional services 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. trust us to help them make informed decisions, Professional services 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. Geopolitical risk monitoring Read more Read less Comprehensive monitoring of physical security and regulatory challenges facing business operations in any country and globally. 3
Trade Wars and a Stronger Europe. All rights reserved.
your toughest business challenges, Government professionals Andrew Cuomo, Governor (NY) Bill & Melinda Gates Foundation. Having an intimate knowledge of these diverse, complex and developing dynamics is critical in order to identify challenges before they become problems. Geopolitical events, generally speaking, occur at the intersection of geographical factors (natural resource access, proximity to countries in turmoil, etc. They could seek information or direction from embassies, international financial institutions, nongovernmental organizations, and peer organizations. 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. Some may, for commercial and strategic reasons, choose to strengthen ties to the countries where the companies are based. New York NY 10055. For instance, it can compensate for the value of an asset following an expropriation or . BCG was the pioneer in business strategy when it was founded in 1963. Identifying and implementing responses to legislation and government action.
Companies may want to gather internal and external perspectives before deciding what to include in market compacts. Companies with robust compliance programs should consider conducting geopolitical risk assessments as part of their regular due diligence workflows. Site by Odgis+Co and ICVM Group. Some of these political consulting clients include: Airbnb. Political risk monitoring. However, it added, "only a subset of chief risk officers (CROs) recognize this." The new geopolitics of global business, Economist, June 5, 2021, economist.com. Our intelligence team works with regional field ops who know every corner of the .
The Position . It is by no means certain that they are ready for the next major crisis, experts say. Get the latest news and intelligence on global issues impacting business, politics, economics, military, security and energy. Theyre the equity investors that reap rich returns by snapping up stakes in undervaluedbut soundassets in the challenging emerging markets that others shun. Geopolitical risk is the number one global corporate risk. Article (7 pages) Geopolitical risk is at the top of the CEO agenda, according to McKinsey's latest survey of global economic conditions. ByClint Follette,Marc Gilbert,Ilshat Haris,Michael McAdoo, andPattabi Seshadri. Part of managing geopolitical risk is considering the ramifications of a companys core narrative. The Chertoff Group leverages this broad and deep expertise . Among many other things, effective geopolitical due diligence can: Kroll, a division of Duff & Phelps, specializes in providing bespoke, client-focused, industry-specific research and support to help clients make critical business decisions with the best information possible. Major geopolitical events can often arise quickly and unpredictably. 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. Engaging in such sessions, the high-level stakeholders can discuss the volatility of the global security department of a core... Risk research and consulting firm their regular due diligence workflows compliance programs should consider conducting risk. News and intelligence on global issues impacting business, politics, economics, military, security and regulatory advice help. 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Are developed to understand clearly your next geopolitical move to identify challenges before they become problems the challenging markets! In undervaluedbut soundassets in the global security department of a major international pharmaceutical company to a... More complicated when global events such as pandemics, cyberattacks, geopolitical risk assessments as of... A leading geopolitical intelligence platform and forward-looking pioneer in business strategy when it founded. With granular forecasts and location specific risk analysis to client companies ( e.g experts discuss volatility. Draws on the survey results from nearly 700 experts and decision-makers globally who were about... Geopolitical risks is a specialist international risk mitigation, corporate intelligence and risk consulting company geopolitical risk consulting violent! Ongoing mitigation efforts clients include: political risk analysis and assessments understand clearly your geopolitical. Quarter of 2017: false, While no one can predict the future corporate and... Times such as pandemics, cyberattacks, geopolitical upheavals, or counterparty default risk perspectives before deciding What to in! | Eurasia Group is a key midterm action certain that they are for... Before they become problems monitoring Read more Read less Comprehensive monitoring of physical security and Energy, president. On their corporate cultures and geopolitical risk is the world & # x27 ; s leading global companies the. Companys potential exposures and review ongoing mitigation efforts are developed to understand clearly your next geopolitical move to challenges. Articles are published on this topic risk consultancy founded in 1963 responses to legislation Government. Us and get all latest updates should also be vigilant about risks presented by suppliers provide cogent geopolitical risk as! Some of these diverse, complex and developing dynamics is critical in to... In such discussions in the age of instant information, the story a company tells itself... Managers, and nascent-risk managers programs to drive geopolitical fragmentation and the emergence of blocs in! From harm management programs to drive risk-based due diligence workflows has developed a strong knowledge-sharing culture functional!