The world is in a period of heightened geopolitical turmoil and uncertainty. Inequality, especially domestic inequality, has become an important driver of geopolitical tensions. Nationalism, populism, and anti-globalisation sentiments appear to be on the rise at a global scale.
Geopolitical risks are rapidly reshaping the world we knew at the turn of the century. Political uncertainty will persist and could potentially generate shocks that could affect global business negatively. They have the power to disrupt business activities in various ways, such as capital flight, currency devaluation, supply disruptions in energy and essential raw materials, trade regulations and partnerships, war, terrorism and others. A new scourge, "disinformation", has raised the bar for companies and consumers to navigate risk successfully.
At the board level, the increased complexity and uncertainty of geopolitics pose serious challenges in governance. Business leaders need to oversee and act upon geopolitical risks more actively than before. This means that they need to prepare their company well to manage the risks – by limiting the downside and seizing the upside of disruption.
To understand what is happening in regional and global geopolitics, what the risks are, and how to prepare and protect your business against these challenges, EICN offers a great opportunity to sit down with experts from academia, business and government, to discuss one of this year's most important topics for executives.