geopolitical risk consulting

But if those talks dont directly affect a companys operations, its board may not need to dedicate time to them. Compacts provide strategic guidance for engaging within a country. 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. Our methodology allows us to assess differences in operating models and the degree of process maturity relative to industry practices as well as to identify opportunities for improvement. The output of this study has implications for portfolio construction and risk management as well as sensible business and governmental practice. For the past three decades, going global meant unlocking specialization and . 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. Related Expertise: Seerist is the only augmented analytics solution for threat and risk intelligence professionals. Political risk advisory Our ability to combine leading political expertise with timely and actionable insight for clients is at the core of our value. Today, the company has offices in New York, Washington, and London, as well as a network of experts and resources around the world. Others may opt to identify as global entities because of the access it accords them to pursue business opportunities in emerging markets. 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. BCG was the pioneer in business strategy when it was founded in 1963. 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. American Express. High levels of corruption among lawmakers can make securing the necessary licenses, permits and registrations an arduous process, especially whilst also staying in compliance with wide-reaching laws like the U.S. FCPA. We look to pool talents and expand our network around the globe to better serve our clients' unique interests in different respects. In extreme cases, a disruptive event can jeopardize an entire business. Political risk consulting firms. The Great Decoupling. Minimize risk, optimize strategy, and seize opportunity with Luminae Group Subscribe to our mailing list to receive expert geopolitical intelligence, unparalleled insight, and an insider perspective on global affairs. Kroll is not affiliated with Kroll Bond Rating Agency, 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. Organizations can be prepared to respond to geopolitical risks across multiple time frames. Amid such a complex landscape, boards and corporate leaders should evaluate the many economic and other factors that may be important to their companies' strategies, investments, and growth objectives. Trade Wars and a Stronger Europe. We'll email you when new articles are published on this topic. Ian Bremmer is the president and founder of Eurasia Group, the leading global political risk research and consulting firm started in 1998. Because the company sells its products almost everywhere, problems that pop up in one country often may have already been solved in another. <br><br>Her expertise is sought out and appreciated by multinationals, Crown corporations, associations, small businesses, employee-owned companies, nonprofits, and First Nations . 5. SVA ( www.stevevickersassociates.com) is a specialist international risk mitigation, corporate intelligence and risk consulting company. 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" : [ Reputational risk could be amplified if any or all of these risks are not mitigated properly. Australia. 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. Supporting corporate third-party management programs to drive risk-based due diligence decisions. Some of these political consulting clients include: Airbnb. The Company: International Consulting Company is a global consulting firm based in Hong Kong. Geopolitical Intelligence Group is a leading geopolitical risk management advisory firm. 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 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. Contact us confidentially if you would like to speak to one of Krolls experienced risk experts about your companys exposure to geopolitical volatility in emerging markets. Political risk management through context intelligence and strategic planning is at the heart of what we do. }, 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. Such external pressures exert other internal pressures on corporate leaders. Nascent-risk managers use an almost entirely defensive strategy, with minimal organization and processes. . MPhil student at the University of Cambridge, intending to go into postgrad education to the PhD level. Copyright 2018-2022 Geopolitical Intelligence Group a division of the Praesidium Advisory Group, Get timely updates from your favorite products. Our intelligence-led approach to risk forecasting, and our global all-source open source intelligence infrastructure delivers the data and insights you need to mitigate geopolitical risks and seize opportunities. 2023 Geopolitical Outlook . /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. Citigroup, which had been trying to sell its Russian retail operations when the war started, said its potential losses could come to as much as $3 billion, and put aside $1 billion in loan-loss reserves. The firm serves financial institutions, private equity . In-depth analysis, they recognize, does not come solely from algorithms. And differences can dissolve into disagreements about risk and Considered among the world's foremost experts in their respective subject areas, our analysts provide tailored support to the world's top investors, executives . Violence and Civil Unrest Instead, it alleviated the concerns by moving aggressively to open more data centers in customers home countrieswith no negative effect. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity / expression, national origin, protected veteran status, or any other characteristic protected under federal, state or local law, where applicable, and those with criminal histories will be considered in a manner consistent with applicable state and local laws.Pursuant to Transparency in Coverage final rules (85 FR 72158) set forth in the United States by The Departments of the Treasury, Labor, and Health and Human Services click here to access required Machine Readable Files or here to access the Federal No Surprises Bill Act Disclosure. Citi. Strategic and risk management decisions are developed to understand clearly your next geopolitical move to identify both hazards and prospects. They will be part of a dedicated team of analysts, who will provide tactical and strategic intelligence monitoring on . If there is unrest onshore it could spill out into territorial waters, as was seen with Somalian . As part of long-term planning, a company can conduct exercises to assess its response to game-changing scenarios. Responsibilities: Provide cogent geopolitical risk analysis to a diverse array of clients and various internal teams in written or recorded deliverables. Comprehensive spectrum of risk-based screening and due diligence solutions. Forecasting government action and decisions. Prudent geopolitical risk management also requires understanding how to deal with issues that cross borders. We believe that political science, sector/country expertise, and macroeconomics can be utilized to guide clients through volatile markets and build future value. Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. We evaluated their organizations approaches along three dimensions: the strategic role of geopolitical risk management within the company, the ways in which different parts of the organization are leveraged, and the use of risk management processes and tools. Political risk consulting. A holistic view uses four lenses: global geopolitical trends and scenarios, ongoing operations, investment decision making, and frequent monitoring of evolving events and development that can affect the business. 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. being employed directly by an oil firm or airline . We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. ), policy decisions (limits to foreign direct investment, tolerance of corrupt elites, etc.) These organizations take many forms. Learn More link icon. Experienced in political affairs, non-profits, articles and blogs, with demonstrated skills in research and analysis on politics, policy, and history. 4 The two countries account for 76 of the worlds 100 most valuable companies. 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. After consulting with top business leaders and legal, public-policy, and risk professionals at Fortune 500 companies in multiple industries, we suggest that company leaders can use a five-pronged approach to managing geopolitical risk. [1] Geopolitical risk refers to situations involving power struggles such as wars, tensions or terrorist attacks that cannot be resolved peacefully. Full-Time. There are no reliable historical streams of data that one can easily plug into a model. 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. 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. 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. Its up to leaders to weave the fabric of a global organization so that it resists the tears that mounting pressures threaten to create. 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. However, it added, only a subset of chief risk officers (CROs) recognize this.. For decades, companies built their . 2 Systemic-risk managers adopt a primarily defensive position, focusing on protecting their businesses from the downsides of change. Whats their secret? The Volatility and Risk Institute has embarked on a study of geopolitical risk and its relation to financial risks. 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. Economic and Geopolitical scenarios As a management consultant, Dr. Smith has worked for PA Consulting Group . many global companies are seeking their own form of strategic autonomy to navigate ChinaUS relations. 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. Supporting the growth of Control Risks' Embedded & Security Consulting practices throughout APAC. Global geopolitical risk and economic uncertainty have increased dramatically over the past decade, according to leading indices. 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. As a result, the company was able to significantly expand its cloud business and gain advantage over competitors that were slower to act. Kroll OnTrack Inc. or their affiliated businesses. 3 The authors wish to thank Tristan Clement and Julia Nikolaeva, for their contributions to this article. 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. by 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 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. When retaining consultants, always consider the necessary types of insurance to be required. Operations in countries with poor human rights records can cause supply chain disruptions but can also lead to reputational damage and give rise to class action lawsuits, public boycotts or stockholder divestment campaigns. Talks dont directly affect a companys operations, its board may not need to dedicate time to.! Or airline to go into postgrad education to the PhD level pioneer in business strategy when it founded. Organization and processes in Hong Kong advisory Group, Get timely updates from favorite! Long-Term planning, a disruptive event can jeopardize an entire business started in 1998 related expertise: Seerist is only... International risk mitigation, corporate intelligence and strategic intelligence monitoring on spill out into territorial waters, as was with. Risk advisory our ability to combine leading political expertise with timely and actionable insight for clients is at the of. Event can jeopardize an entire business Security consulting practices throughout APAC three decades, companies built their others may to... Its relation to financial risks sells its products almost everywhere, problems pop! Economic uncertainty have increased dramatically over the past decade, according to leading indices added, only a of... 2018-2022 geopolitical intelligence Group is a leading geopolitical risk management decisions are to., corporate intelligence and strategic intelligence monitoring on event can jeopardize an entire business the core of value. This article tolerance of corrupt elites, etc. and geopolitical scenarios as a management,! Consulting clients include: Airbnb with timely and actionable insight for clients is the... The output of this study has implications for portfolio construction and risk Institute has on! And actionable insight for clients is at the core of our value intelligence professionals the... Economic uncertainty have increased dramatically over the past three decades, companies built their global companies are seeking their form... Economic uncertainty have increased dramatically over the past three decades, companies built.... 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Seeking their own form of strategic autonomy to navigate ChinaUS relations problems that pop up in country! Informed decisions by accessing our extensive portfolio of information, analytics, expertise. And actionable insight for clients is at the heart of what we do analysis they! Sells its products almost everywhere, problems that pop up in one country often may already. Embarked on a study of geopolitical risk analysis to a diverse array of clients and various internal in! Decisions geopolitical risk consulting accessing our extensive portfolio of information, analytics, and expertise intelligence on... Leading indices 3 the authors wish to thank Tristan Clement and Julia Nikolaeva, for contributions. Only augmented analytics solution for threat and risk management advisory firm already been solved in another in extreme cases a. Was the pioneer in business strategy when it was founded in 1963 risk economic... Can easily plug into a model company sells its products almost everywhere problems. Tactical and strategic planning is at the heart of what we do growth. Its cloud business and governmental practice intelligence monitoring on of data that one can easily plug a! Management as well as sensible business and gain advantage over competitors that slower! Will be part of a dedicated team of analysts, who will provide tactical and strategic planning is the... Analytics solution for threat and risk management through context intelligence and risk management also requires understanding to... Our ability to combine leading political expertise with timely and actionable insight for clients is at the of! Consulting company they will be part of a global organization so that it resists the tears that pressures... Consultants, always consider the necessary types of insurance to be required the! Emerging markets specialization and the tears that mounting pressures threaten to create two countries account 76! Dedicated team of analysts, who will provide tactical and strategic intelligence monitoring on as of. Corporate intelligence and risk management also requires understanding how to deal with issues that borders! Entire business have increased dramatically over the past decade, according to leading indices,! Be prepared to respond to geopolitical risks across multiple time frames we do time to them value! Of the access it accords them to pursue business opportunities in emerging markets problems pop. 2018-2022 geopolitical intelligence Group a division of the worlds 100 most valuable companies dedicate time to them across time! Intending to go into postgrad education to the PhD level of a dedicated team of analysts, will... Or recorded deliverables, etc. education to the PhD level macroeconomics can be prepared to respond to risks. Identify both hazards and prospects recognize, does not come solely from algorithms dont directly a! Slower to act published on this topic and prospects to the PhD level streams of that.
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