Geopolitical tensions are on the rise and politicians, policymakers and pundits now consider them inescapable and increasingly powerful influences on all forms of activity.
Recent events have given geopolitics a new urgency, but you’d think that they have been a constant consideration of executives in an era of global supply chains and ever more integrated markets. You’d be wrong — at least as far as boardrooms are concerned.
Remarkably, geopolitical concerns have figured little in business decision-making (save for those who regularly navigate the treacherous political shoals of the Middle East). That appears to be changing, however, but executives are playing catch-up as understanding geopolitics becomes a prerequisite for success in an increasingly unstable environment.