Inside the Strategy Room 224. Strategies to navigate geopolitical uncertainty
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Nov 7, 2024 This podcast features Michael Birshan, a senior partner leading Strategy & Corporate Finance at McKinsey; Ziad Haider, the global director of geopolitical risk; and Olivia White, a senior partner at the McKinsey Global Institute. They discuss essential strategies for businesses facing geopolitical uncertainties. Key topics include the balance of efficiency and resilience in supply chains, the importance of stakeholder engagement, and practical approaches to decision-making in uncertain times. Their insights offer a roadmap for navigating complex global landscapes.
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Geopolitical Instability as Top Risk
- Global cooperation has plateaued after a decade of growth, particularly in peace and security.
- Executives consistently rank geopolitical instability as the top risk to global economic growth.
Managing Geopolitical Risk
- Develop a systematic approach to geopolitical risk management.
- Focus on gaining insights, foreseeing future trends, and implementing structural segmentation.
Structural Segmentation Dimensions
- Structural segmentation helps mitigate geopolitical risks while maintaining global opportunities.
- Companies are considering production, R&D, tech stacks, decision-making, capital allocation, and people/culture.