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Calls to action that aim to address disruption in the global economy.
Less than 20% of companies are prepared for widespread global disruption. While the pandemic of 2019 was a wake-up call, few industries have established the resilience to withstand something more catastrophic.
The speed of technology advancement which, in turn, is driving geopolitical posturing represents significant risk to most economic segments. Much of the risk is external and embedded within outsourced partner ecosystems, requiring companies to look far outside their own operations.
Global trade is fractured surfacing geographic vulnerabilities far upstream in the value chain including rare earth minerals. High geographic concentration of commodities and expertise have led to choke points and sing points of failure that need to be addressed strategically.
Industry segments from healthcare to automotive increasingly compete for common resources and capacity which lead to bottlenecks without proper means of prioritizing critical products. Competition can no longer be considered in the classical sense.
Amongst all that is in motion, increasing cyber and physical security infiltrations represent a growing threat to processes throughout the global value chain. These attacks have already demonstrated significant business risk impacting the top and bottom line along with upstream and downstream shockwaves.
Companies must plan for the unknown. Ongoing geopolitical shifts are reshaping corporate and government ecosystems driving change across all industries. The global economy is evolving to a multipolar model, one led by the West and another led by the East.