Some global risk trends are in focus in this new report, here’s the word;
A firm of strategic malicious risk advisors, CHC Global, has launched its Annual Malicious Risk Report. The report identifies organisational vulnerabilities and explores the top three threats to organisations in the year ahead: political polarisation, the race for tech supremacy, and energy transition.
The Annual Malicious Risk Report is produced by CHC’s team of leading experts who specialise in strategic security issues such as terrorism and political violence, operating in complex political environments, hostile cyber activity, and civil unrest. The insights offered will help organisations of all sizes plan for expected and unexpected uncertainty, by providing intelligence about the risks most likely to have an impact on business.
Given the nature of the operational challenges, CHC has identified themes that are likely to have a disproportionate impact on organisations in 2024, and beyond:
· Political Polarisation: Hardening of geopolitical blocs, upcoming elections and disinformation will lead to further political polarisation. Domestic political polarisation is likely to lead to significantly divergent policy priorities from one administration to the next, having far-reaching consequences including foreign policy and diplomacy. Organisations will need to manage polarisation within their own multi-cultural organisations as well as navigate relationships with clients and suppliers at opposing ends of the political spectrum.
· The Race for Tech Supremacy: International rivalries are being played out on the stage of technological superiority. As a result, a large part of the tech sector now overlaps with national security. Examples include restrictions of tech that could be used for military purposes, including AI and advanced semiconductor technology. This race for tech supremacy has already interrupted supply chains and poses greater risk towards business interruption through cyber-attacks.
· Energy Transition: Political manoeuvring, rare mineral competition, and a trend in nationalising resources all mean continued volatility around energy and mineral resources. Geo-economics, the use of economic sanctions, investment screening and trade restrictions have become more frequent. As a result, the decisions made at nation-state level can have an impact on everyday operations as well as trade credit risk.
Chris Holt, MBE, Chief Executive of CHC Global says: “With elections looming in the USA, UK, and India, the report provides leadership teams with a meaningful set of insights to inform their approach to worldwide socio-economic uncertainty. The management of malicious and political risks is not easy, but there are opportunities to be better prepared and secure advantage for organisations.
“A coherent consideration of what might be over the horizon is a pragmatic way to begin the effective management of external geo-political risks.” The full report can be downloaded from: https://www.chcglobal.co.uk/annual-report/
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