Businesses preparing for another year of Geopolitical tumult
Live MintBusinesses are bracing for another year of geopolitical uncertainty, with large question marks looming over President-elect Donald Trump’s foreign policy strategy and broader global tumult, despite some executives’ optimism about the year ahead. “In recent years, businesses have been blindsided by a cascade of disruptions—the pandemic, renewed conflicts in Europe and the Middle East, surging populism, intense competition for green minerals and escalating protectionism—which have forced a fundamental reset of longstanding strategies," said Reema Bhattacharya, Verisk Maplecroft’s head of Asia research. Nearly two-thirds of about 900 executives surveyed by consulting firm McKinsey & Co. for a report released last month flagged geopolitical instability as a top risk to global growth. Organizations also must increasingly grapple with complicated, global interconnectedness, said Lindsay Newman, a London-based political analyst formerly with think tank Chatham House and the Eurasia Group, a consulting firm.