KPMG International has teamed up with Eurasia Group, one of the world’s leading geopolitical risk outfits, to develop solutions that help businesses deal with geopolitical challenges in a topsy-turvy world.
Geopolitical risk is at the top of boardroom agendas after many years of international consensus on globalization and we are now seeing a rise in economic nationalism. The withdrawing from or renegotiating trade agreements and the UK's decision to exit the EU are two notable examples. For CEOs, this more nationalistic approach to trade is worrying for growth prospects: a 'Return to territorialism' is their number one threat to growth according to the KPMG CEO Outlook 2018. As they adapt to an increasingly fractured world, CEOs will need to put geopolitics high on their risk radar and ensure mitigation and response plans are in place.
To better equip businesses for these challenges, and manage these changes, KPMG International and Eurasia Group have joined forces. By combining our political and business analytical capabilities, we can identify the ‘now what’ of geopolitics for our clients’ business.
|“It’s an incredible opportunity for our teams to work together to help clients around the world become much more armed, much more equipped to deal with the geopolitical environment based on this joint alliance“, says Bill Thomas, Chairman of KPMG International.|
KPMG and Eurasia Group can combine political and business analytical skills in one to provide unique insights on how geopolitics is impacting business. Jointly we go deep into the politics of an issue or region, analyze macro geopolitical trends, or indeed start from a specific business question our clients might have – this isn’t interesting ‘political musings’, it goes right down to the ‘now what’ for business – and help our clients understand how to make strong strategic choices in the midst of uncertainty.
|“I've been in this business for 20 years and have never seen a geopolitical environment that's been this volatile. While corporates understand that these changes are coming, they don't really know how to hedge against them, how to address them, how to invest into them”, says Ian Bremmer, President & Founder of Eurasia Group.|
Eurasia Group is one of the world’s leading global political risk research and consulting firm. By providing information and insight on how political developments move markets, they help clients anticipate and respond to instability and opportunities everywhere they invest or do business. Their expertise includes developed and developing countries in every region of the world, specific economic sectors, and the business and investment playing fields of the future. Headquartered in New York, Eurasia Group has offices in Washington DC, London, San Francisco, Sao Paulo, Singapore, and Tokyo, as well as on-the-ground experts and resources in more than a hundred countries. "Politics first” grounds their work and politics is the lens through which Eurasia Group’s global team view the world - committed to analysis that is free of political bias and the influence of private interests.
Watch this video to get Bill Thomas and Ian Bremmer's perspectives on how companies can get tailored advice in areas such as scenario planning, due diligence and risk management.