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2024: The Year the World Changed the Rulebook on Risk
The article examines how rising geopolitical risks, fueled by state competition over resources and technology, misinformation, inequality, and climate change, threaten global business stability and necessitate resilient organizational strategies.
Jun 11, 2024
Merlin Linehan
Merlin Linehan, Risk Manager, EBRD
2024: The Year the World Changed the Rulebook on Risk
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization

  • The optimistic post-Cold War era of US-led globalization is giving way to new geopolitical challenges.

  • Nations are increasingly competing over resources and technology, which are crucial for economic and military dominance.

  • Extreme weather and related impacts from climate change pose significant long-term geopolitical threats.

  • Geopolitical risks are rising on the agenda for business leaders, necessitating new strategies for resilience.

  • The US-China tech rivalry, exemplified by policies like semiconductor export controls and rare earth restrictions, highlights the intensity of the competition.

  • Organizations must adopt flexible, adaptable structures and comprehensive crisis management to withstand geopolitical shocks.

  • Businesses need to engage in horizon scanning, scenario planning, and realistic crisis exercises to effectively manage geopolitical risks.

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