Episodios
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In 2025, the geopolitical game is changing.
After over half the world voted in elections in 2024, we're on the brink of significant regulatory shifts that will impact businesses globally.
As we look at 2025, different administrations will clash, shaping a competitive landscape of rules and norms. This means compliance teams will be in high gear as companies must adapt to new regulatory demands.
In the first Riskology episode of 2025, hosts Dr. Ian Oxnevad and Chris Mason break down the top 10 geopolitical risks for companies to consider in 2025.
Global Conflicts - Understanding the overarching impact of global conflict on every aspect of business, from tariffs to supply chains.
U.S.-China Trade Wars - Analyzing the implications of trade tensions on global markets and supply chains.
Supply Chain Risk - Examining the evolving nature of supply chains amid geopolitical shifts and conflict.
Social Unrest and Terrorism - Evaluating the business implications of social movements and terrorism worldwide.
Cybersecurity Threats - Discussing the rise of state-backed cyber threats and the importance of robust cybersecurity measures.
Economic Espionage - Exploring the growing threat of economic espionage, highlighting the need for vigilance.
Shifting Regulatory Environment - Predicting the regulatory changes under new administrations worldwide and their effects on businesses.
AI Governance - Considering the various directions AI governance may take amid the international race to lead in AI technologies.
Environmental Risk - Highlighting the geopolitical impacts of environmental events on business operations and supply chains.
Global Migration - Discussing the complexities and economic impacts of migration trends influenced by global conflicts.
In 2025, global conflicts won’t just be featured in the headlines; they’ll impact us all, shaping migration patterns, market performance, and corporate strategies.
It's crucial to conduct contingency planning specific to your industry. Riskology by Infortal™ host, Chris Mason notes that, "...contingency planning for the larger financial institutions...involves stress testing, looking at things like liquidity and what your investment portfolio looks like." Contingency plans provide alternative strategies that prepare your business for potential disruptions caused by geopolitical risks, ensuring business continuity.
Companies should also focus on training their teams, especially in areas like cybersecurity and economic espionage. Ensuring that you provide training to your team, particularly at the board level, will place your firm in a stronger position to deal with emerging threats. Training also aids in quicker response times and empowers employees to identify and react to threats effectively.
Want to stay ahead of the geopolitical risk curve? Check out Riskology by Infortal™ Episode 39!
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The Growing Importance of Geopolitical Risk
In 2024, geopolitical risk has increasingly taken center stage in boardroom discussions. Companies are recognizing the complex interplay between global events and their business operations. Firms increasingly acknowledge the need to integrate geopolitical risk management into their corporate strategies and compliance programs.
Board members have also shown a growing interest in geopolitical risk, understanding that global events can have substantial knock-on effects on their operations. This shift is particularly vital given the recent impact of geopolitical events and conflicts worldwide.
By establishing dedicated teams and intelligence networks, firms are now better positioned to consider geopolitics in strategic decision-making and everyday operations. This shift in focus demonstrates that geopolitical risk management is no longer a niche concern but a critical element of corporate governance.
The Reality of Geopolitical Risk
Companies must be vigilant and adaptable, as geopolitical events directly affect global supply chains, market stability, and business continuity.
Establishing robust risk management frameworks that include geopolitical considerations is beneficial and necessary for navigating the current global risk landscape. The lessons learned in 2024 remind businesses to continuously update their risk assessments to reflect the ever-changing geopolitical environment.
Preparing for 2025 and Beyond
As we prepare for the economic and regulatory realities 2025, businesses must prioritize adaptability and foresight. Navigating this evolving landscape requires a proactive approach. As new geopolitical developments emerge, staying informed and prepared will be key to sustained success.
We hope you can join us for the latest episode of Riskology by Infortal.
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Introduction to Maritime Geopolitics
The global economic system heavily relies on maritime shipping. In fact, 90% of all trade travels by sea.
Despite its critical role, maritime shipping often operates under the radar of public awareness. When a package arrives at your door or a product hits the store shelves, little thought is given to the complex journey it has taken to get there. The maritime industry plays an indispensable role in global trade, moving raw materials and finished goods to their destinations around the globe.
Conflicts and tensions in various regions impact the security and efficiency of shipping routes, posing serious challenges to the industry.
From the Middle East to Southeast Asia, maritime channels are becoming hotspots of geopolitical struggles, with significant ramifications for global trade and economics.
Regional Threat Dynamics
The risk landscape and the required risk mitigation techniques can vary dramatically by region.
For example, navigating through the Red Sea entails different challenges and required precautions compared to traversing areas known for piracy, such as West Africa.
Regional Threats:
Red Sea: A current hotspot for terrorist attacks on shipping channels with continuing conflict in the region.
East Africa: Risks include piracy, local corruption, and political instability.
Southeast Asia: Navigational hazards, piracy, and regional disputes are significant threats in the region.
Latin America: Organized crime, including drug cartels exploiting the shipping industry to launder significant amounts of cash creates a unique set of risks.
Managing Risk versus Mitigating Threats
It is important to distinguish between managing risk and managing threats, especially when it comes to managing maritime risk.
Risk management is about adopting strategies to minimize exposure to potential losses, which is an intrinsic part of doing business in the shipping industry. This requires ensuring you have contingency plans in place and verifying that your firm’s compliance policies and programs are up to date.
On the other hand, managing threats involves understanding and neutralizing specific dangers that could jeopardize your operations. In the case of direct attacks, this may even mean protecting a specific vessel's safety. Dealing with threats requires having a tactical plan in place to deploy as needed.
Read full show notes at Infortal Worldwide
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The Evolving Role of CFOs in Geopolitical Risk Management
CFOs, it's time to rethink how you approach global risk!
Geopolitics isn't just for diplomats - it's seeping into the boardroom and impacting bottom lines, now more than ever.
Join Riskology by Infortal™ hosts Dr. Ian Oxnevad and Christopher Mason from Infortal Worldwide as they highlight the strategic importance of factoring in Geopolitical Risk analysis into CFO-led strategic planning and financial forecasting.
Geopolitical Risk & Chief Financial Officers (CFOs)
In the complex landscape of global business, geopolitical risks hold significant sway over corporate strategy, whether planned or not. Geopolitical risks encompass a wide range of factors, from inflation and economic policies to socio-political dynamics, all of which can disrupt market stability.
Traditionally, the evaluation and management of these risks may not have fallen directly within the purview of CFOs. However, as companies increasingly navigate volatile environments, CFOs find themselves uniquely positioned to incorporate geopolitical risk assessments into financial strategies to ensure longer-term sustainability.
CFOs are integral to a firm's financial health and resilience. As global markets become more interconnected and unpredictable, CFOs must now factor in geopolitical variables that could significantly impact an organization’s operational continuity. Just think about the recent impact that economic warfare, i.e. sanctions, has had on the shipping industry.
Understanding these dynamics is essential for fostering robust financial planning and risk management.
The Impact of Geopolitical Risks on Financial Planning
Geopolitical instability can have far-reaching impacts on various financial aspects of a business, making it critical for CFOs to stay informed and proactive. The key to thriving amidst these uncertainties lies in strategic preparedness and robust scenario planning.
Scenario planning involves envisioning multiple future states and their potential impacts on the business.
By simulating different geopolitical scenarios, CFOs can proactively devise contingency measures to mitigate risks. For instance, understanding how a new trade embargo might affect supply chains allows financial leaders to identify cost-effective alternative suppliers or logistical routes, thereby minimizing disruption and preserving continuity in the event of a significant geopolitical shift.
This financial foresight also aids in maintaining compliance with international laws and regulations, safeguarding the firm from legal repercussions.
Leveraging Technology for Risk Monitoring
The evolution of technology has dramatically enhanced the capacity to monitor and mitigate geopolitical risks. Advanced risk dashboards and sophisticated risk management tools now offer unprecedented capabilities in risk detection and analysis.
Risk management systems can categorize risks, assign scores, and generate predictive analytics, giving CFOs actionable insights. This continuous monitoring is crucial, as it allows for timely adjustments to financial plans, ensuring that resources are allocated efficiently, and emergency funds are available when crisis strikes.
Importantly, you also need to make sure that you are looking beyond the tech solutions to make sure that you have a boots-on-the-ground understanding of the risk landscape. This may require periodic reviews or conducting more in-depth due diligence.
Read full show notes at Infortal Worldwide
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Riskology by Infortal™ is coming to you this week from the GRC Risk Conference in London.
Join host, Ian Oxnevad, as he discusses the intersection of AI and Risk with the CEO of BABL AI, Shea Brown. Their discussion covers several dynamics of AI development and implementation in the context of the growing global risk landscape and the challenges posed by autonomous decision making.
Risk Management & AI
AI introduces new dimensions of risk to the ever-changing risk management landscape by extending the reach of malicious actors.
Fortunately, as Shea Brown points out, defenders against attacks can also benefit from AI. In fact, companies are increasingly integrating AI into their risk management strategies, which reflects a broader trend towards digital transformation across industries.
AI-based risks, however, are complicated by the fact that there are an increasing number of use cases for new AI technology. For example, there are new vulnerabilities in the fields of autonomous vehicles, facial recognition, and resource distribution. Companies can no longer ignore the building AI revolution.
To prevent disaster, companies must carefully review their risk exposure to outside actors using AI and from challenges created by using the technology in house. During and soon after implementing AI solutions, it is important to gain a deep understanding of how the new technology will impact existing systems and processes.
AI-audits provide a great mechanism to ensure that any new tech is up the requisite standards and increases transparency to relevant stakeholders.
Buyer Beware
The market is becoming saturated with seemingly revolutionary solutions in the risk management space. However, increased investment in this space does attract bad actors offering subpar or worse, even fraudulent solutions.
This makes it important to know who is behind the companies you are considering buying from or partnering with. Conducting deep level due diligence on the companies and partners you plan to do business with in the AI space is important to make sure you are onboarding enhancements and not detractors from your bottom line.
AI and the Human Element
In the world of AI development, an often-overlooked element for successful AI implementation is the need for human-centric oversight. Human supervisors can catch mistakes that automated systems overlook, providing a needed layer of security and reliability.
This is especially important in high-risk areas where AI decisions have social and individual impact. By integrating a human-in-the-loop approach, organizations can better align their AI systems with ethical standards and a human focus.
Mitigating Risks
While integrating AI-based technology into existing programs can pose certain risks for firms, the benefits can be significant. The key is making sure you know what you are getting and that any new technology will live up to your firm’s values.
Importantly, AI does not eliminate the importance of accounting for human behavior. Currently individuals are still driving decision making and controlling the use of AI technology.
Conducting due diligence on potential suppliers and performing audits on the AI impact to your company will place you ahead of the curve in terms of benefiting from the AI advancements now available in the risk management space.
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Tune in for the latest episode of Riskology by Infortal™, where special guest Tom Fox of the Compliance Podcast Network and hosts Dr. Ian Oxnevad and Chris Mason dive into the business and compliance implications of Israel’s counterterrorism operation involving Hezbollah’s electronic devices.
Hezbollah’s Supply Chain Failure and Israel’s Counterterrorism Success
Israel’s counterterrorism operation in Lebanon on Hezbollah’s electronic devices serves as a stark reminder of the compliance risks that global businesses face. Even though Hezbollah is a terrorist group, the pager operation provides lessons for normal businesses.
In this particular case, a Taiwanese company called Gold Apollo licensed its name to a Hungarian company, which then manufactured and sold pagers to Hezbollah. This relationship, initially straightforward, became complex as the Hungarian company sought to evolve and use the Taiwanese company's name to make its own proprietary designs. Ultimately, these pagers found their way into the hands of Hezbollah members.
This case raises several compliance concerns. The lack of thorough due diligence by the Taiwanese company allowed for potential misuse of their products. The complexities of tracking ownership and responsibility in global supply chains mean that even legitimate companies can become inadvertently involved in geopolitical conflicts. This event underscores the necessity for robust compliance frameworks to prevent such issues.
Supply Chain Vulnerabilities and Advanced Technology
The use of pagers to coordinate an attack highlights vulnerabilities within supply chains, especially when advanced technology is involved. It was speculated that a Hungarian company acted as a front for Mossad or other intelligence agencies. This kind of covert operation not only increases the complexity of supply chains but also the risk profile for all companies involved.
Additionally, payments originating from unnamed Middle Eastern countries were flagged by banks in Taiwan, highlighting another layer of failure. These offshore payments triggered additional scrutiny and delays, emphasizing the importance of financial transparency and thorough documentation in global transactions. While initially flagged, the transactions were ultimately serviced.
Reputational and Operational Risk Implications
All organizations use electronics tied to complex, cross-border supply chains. Understanding the makeup and oversight of the underlying supply chain should be an important consideration for selecting vendors.
Large corporations, small non-profits and even government bureaucracies can be indirectly exposed to significant reputational and operational risk if supply chains are not managed correctly, as the pager attack scenario illustrates.
At the end of the day, it pays to know who you do business with, and this requires up front due diligence.
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Join hosts Christopher Mason and Dr. Ian Oxnevad as they discuss how companies can harness the power of intelligence to avoid crises and seek out new opportunities.
How can Companies Use Intelligence?
While intelligence is critical for crisis management, its benefits extend far beyond that.
Companies increasingly recognize the long-term advantages of integrating intelligence into their strategic planning. This involves not just avoiding immediate risks but also identifying long-term opportunities.
Business intelligence isn't just about collecting data; it’s about leveraging the correct information to make informed decisions.
Breaking Down the Misconceptions
Many executives instantly think of spy movies or corporate espionage when they hear "intelligence." This misconception can prevent companies from enjoying the benefits of a developed intelligence collection and analysis program.
For example, a company might use intelligence to identify potential supply chain disruptions, allowing them to take corrective actions in advance. Similarly, understanding the political landscape can help businesses anticipate changes that might affect their operations or investments.
Trust but Verify Approach
The principle of "trust but verify" becomes paramount when making substantial strategic decisions. Business intelligence is the verifying mechanism, ensuring trust is well-placed and minimizing risks.
Deploying intelligence investigations and integrating insights into decision-making allows companies to navigate complex market conditions with greater confidence and security. This practice helps avoid immediate pitfalls to establish long-term, resilient business strategies.
Assess Your Risk Profile and Decision-making Processes
Before integrating intelligence functions, companies need to understand their risk profile and decision-making processes. This involves conducting a risk assessment of your firm to establish a baseline to improve on.
Then, you must examine your company’s decision-making processes to determine how best to integrate valuable intelligence into your operations. You can navigate risk more effectively by embedding intelligence functions within your operations, providing a competitive advantage.
For full show notes, go to Infortal Worldwide.
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In the latest episode of Riskology by Infortal™, hosts Christopher Mason and Dr. Ian Oxnevad discuss the ongoing crisis impacting shipping through the Red Sea.
Geopolitical Risks in Global Shipping
Geopolitical risks have consistently shaped global commerce, significantly impacting the shipping industry.
Elections and ongoing conflicts have exacerbated an already volatile environment, impacting both national and international supply chain operations. This summer, multiple crises have underlined the magnitude of these risks, with a major focus shifting to the situation in the Middle East.
The Middle East Conflict: A Catalyst for Economic Disruption
One of the most recent supply chain disruptions stems from the conflict involving the Houthis in Yemen.
This Shiite group, backed by Iran, has increasingly targeted shipping routes through the Red Sea, causing substantial disruptions. Such attacks have not only heightened regional instability but have also resulted in skyrocketing insurance costs for vessels. For instance, war premiums on shipping vessels passing through the region have doubled, indicating the heightened risk and operational costs faced by shipping companies. Some carriers will no longer offer coverage.
These disruptions contribute to a broader economic impact beyond the shipping industry.
The Broader Implications of the Houthis' Actions
The Houthis' disruption of Red Sea shipping routes has led to a cascade of economic challenges.
Vital routes, such as the Suez Canal, have experienced a significant reduction in trade volume, which in turn has severely impacted regional revenue generated from the canal. Alternative shipping routes, like those around the Cape of Good Hope, have become necessary, leading to increased travel distances and fuel costs. These developments delay shipments and increase the environmental costs associated with the extended routes.
Such disruptions have led to systemic issues, such as the bankruptcy of ports close to affected regions. The Port of Eilat in Israel experienced such a fate in July, largely due to decreased shipping activities. These logistic challenges echo far beyond mere financial losses, influencing global shipping patterns and affecting international trade and economic stability.
Conclusion
Addressing the ongoing geopolitical situation in the Middle East, especially involving the Houthis, is crucial for stabilizing global shipping routes and mitigating the economic backlash. With the ripple effects already apparent in various sectors, a keen understanding and proactive approach towards these challenges could fortify global trade resilience, ultimately benefiting businesses and consumers alike.
Companies must assess their long-term strategies and consider alternative markets and shipping practices to navigate this volatile landscape. The ongoing vulnerability in traditional shipping routes requires agile and innovative solutions, particularly as the market faces new pressures ahead of winter months.
To avoid the impact of the crisis, you must closely examine your risk exposure and explore alternative supply chain options as needed.
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In Episode 31 of Riskology by Infortal, join Soji Apampa, Christopher Mason, and Dr. Ian Oxnevad as they discuss Nigeria’s fight against corruption in the post-Covid era.
Soji, Chris, and Ian discuss the grassroots and civil society efforts in Nigeria and West Africa to combat corruption and increase business transparency.
The Fight Against Corruption and the Role of Civil Society
Soji Apampa, a leader in the anti-corruption space, shares his experiences in promoting ethical business practices in Nigeria and the evolution of corporate compliance in the region. Contrary to top-down regulatory regimes in the US and Europe, anti-corruption efforts in Nigeria underscore the need for effective collective action from the private sector and civil society.
Culture Matters: From a Perception of Anti-Government to Anti-Corruption
Soji’s journey in integrity and anti-corruption began when he returned to Nigeria as a civil and structural engineer. Frustrated by the rampant corruption and trade malpractices, he took it upon himself to help instill a culture of transparency and anti-corruption. Over time, these efforts shifted the culture where “anti-corruption” was deemed to be “anti-government” to a culture of increased transparency and professionalism. Despite initial setbacks, the support from like-minded individuals and organizations paved the way for significant progress.
Culture Matters: Regulations in the West Don’t Work the Same Way Elsewhere
Initially, practices such as bribery were not only common but also tax-deductible in countries like France and Germany. Countries like the US, UK, and France have even historically topped indices for bribery, despite stringent anti-corruption laws. A critical factor in the success of compliance programs is the cultural context within which they operate. Corporate culture often reflects broader societal norms, impacting how compliance policies are perceived and implemented.
When Going Abroad, You Need a Guide
Understanding local dynamics is crucial as even the best compliance plans can falter if they don’t align with ground realities. Unlike the abstract nature of high finance, industries such as shipping depend heavily on functional relationships between shippers, locals, and governance. This sector demonstrates that proper collaboration ensures essential goods move smoothly, maintaining daily life. As bottom-up initiatives help combat corruption, greater diversity in the business environment will become more localized. At the same time, avoiding violating laws like the Foreign Corrupt Practices Act (FCPA) initiatives and local laws requires having a “local guide” help you navigate new business environments. Intelligence and local connection matters.
Nigeria’s Success Now a Model For the “Global South”
The Nigerian model of tackling maritime corruption has inspired similar reforms in other key global ports and regions. Nations such as Egypt, India, Pakistan, Bangladesh, and Ghana have begun adopting similar frameworks, showing promise for broader anti-corruption efforts. Countries like Nigeria, which show real structural changes, may not immediately reflect these in perception surveys, yet they offer untapped potential for investors aware of these developments. This forward-looking approach, integrating both retrospective analysis and future opportunities, aims to not only continue the fight against corruption but to set an example that ripples out to other industries and regions trying to roll back corruption.
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In Episode 30 of Riskology by Infortal, join Tom Fox and Christopher Mason as they explore solutions to Boeing’s compliance challenges.
Tom and Chris discuss the economic and national security implications of Boeing’s position as the primary commercial airplane manufacturer in the U.S. and its critical role in global commerce.
The Stakes: Too Big to Fail -Or- Something Different Altogether?
The notion of a company being “too big to fail” often conjures images of government bailouts and economic upheaval. However, in Boeing’s case, this isn’t merely about financial assistance. Boeing’s potential failure would have far-reaching implications, affecting millions of Americans who rely on its products either directly or indirectly. This includes everyone, from domestic travelers to government agencies reliant on Boeing for day-to-day operations.
One Possible Solution: An Omnibus Monitorship
Tom Fox introduced the concept of an omnibus monitorship as a multi-tiered, all-encompassing approach to addressing Boeing’s multifaceted compliance issues. Rather than hiring one firm to correct specific compliance programs, this proposed model features multiple subject-matter monitors focusing on areas such as culture, ethics, compliance, health and safety, quality assurance, internal controls, fraud prevention, and export controls.
This comprehensive approach is critical for restoring trust and achieving long-term stability and ethical conduct within the company.
The Cultural Imperative
Rebooting Boeing’s culture is vital to ensuring a vibrant future. Transparency and accountability are fundamental to this transformation. Implementing the proposed omnibus monitorship would not only entail a significant financial investment but would also demand a structural and cultural overhaul. The long-term benefits for society and the global economy make this an essential endeavor.
European and Global Reactions
Interestingly, the European market, particularly Airbus, has maintained a relatively quiet stance amidst Boeing’s controversies. Despite their silence, Airbus stands as the primary beneficiary of Boeing’s issues. With Boeing embroiled in cultural and compliance challenges, Airbus has seen increased interest without needing to make any aggressive moves. This passive advantage could potentially lock in years of sales for Airbus, positioning them as the dominant player if Boeing doesn’t address its internal issues promptly.
Omnibus Monitorship and Productivity
Implementing the omnibus monitorship and addressing regulatory concerns will undoubtedly impose additional pressure on Boeing. This expanded oversight aims to foster transparency and robust compliance, yet it could potentially slow down productivity. For Boeing to navigate this complex landscape, balancing improved compliance and maintaining output efficiency is vital and important for the US economy.
Conclusion: A Call for Transformation
The situation surrounding Boeing is a poignant reminder of the importance of robust corporate compliance and ethical culture.
Chris and Tom underline in today’s discussion that getting it right for Boeing involves a comprehensive, transparent approach that goes beyond merely correcting policies. This isn’t just a compliance issue; it’s a cultural and ethical imperative that impacts millions of lives and touches numerous facets of both national and international commerce and security.
We hope you join Tom Fox and Chris Mason as they unravel the complexities surrounding Boeing, its cultural overhaul, and a proposed omnibus monitorship aimed at fostering long-term compliance and ethical conduct.
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Welcome to Episode 29 of Riskology by Infortal.™
With over half of the world heading to the polls in 2024, the stakes are high and there is a lot for companies to consider. The 2024 election cycle has certainly lived up to the hype so far, and its impact cannot be underestimated.
Join hosts Dr. Ian Oxnevad and Christopher Mason as they break down recent electoral developments.
Analyzing Recent Political Shifts in the UK and France
In a move that surprised many political analysts, Rishi Sunak, the UK's Prime Minister, called for a snap election amidst significant political upheaval. The subsequent victory of the Labour Party marked a significant shift in the political landscape that had been dominated by the Conservative Party for the past 14 years.
France's political climate has been particularly volatile, with the emergence of right-wing movements challenging the status quo. France also recently encountered a snap election. The recent political maneuvers in France have demonstrated how political sentiment can rapidly divide governments and significantly influence future policy formulations.
The political volatility in Europe, particularly in France and the UK, is increasingly reflected in market movements. This underscores the importance for companies with international operations to develop robust strategies to manage these risks.
The ability to call for snap elections, a concept foreign to the American election cycle, underscores how quickly political norms can change in Europe. This highlights the crucial need for companies to stay vigilant and understand how shifts can impact their operations, emphasizing the importance of proactive planning.
Managing Election Risk
From a global risk perspective, companies must integrate multifaceted political risk analysis into their strategic outlook to stay ahead of shifting policies and the impact to business operations. Companies need to proactively create contingency plans to navigate political change. This involves not just assessing immediate risks but also understanding the long-term implications of political shifts.
The Importance of Contingency Plans
Having a well-prepared contingency plan can provide a significant advantage, especially during tumultuous times. The COVID-19 pandemic has underscored the need for such preparedness, revealing vulnerabilities in logistics and supply chains.
Companies that anticipate potential political shifts and have contingencies in place will be better positioned to handle the election impact on markets and regulatory frameworks.
Executives must stay informed about political trends to remain agile enough to adapt quickly. To remain competitive, this involves focusing on compliance and anticipating the direction of policy changes. Organizations must integrate political risk assessments into their broader strategic frameworks to remain resilient.
As hosts Dr. Ian Oxnevad and Christopher Mason discuss in this episode, investing in political risk intelligence can provide a significant advantage for your firm.
We hope you can join us for Episode 29 of Riskology by Infortal!™
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Welcome to Episode 28 of Riskology by Infortal.
Have you ever wondered about the complexities of China’s increasing influence on European politics, the rise of far-right movements, and the impact of economic sanctions?
In this episode, hosts Dr. Ian Oxnevad and Christopher Mason, Esq., welcome Shannon Brandao, Esq., an EU-based attorney with the firm Harris Sliwoski LLP, to discuss the current global outlook on China from a European perspective.
Shannon is internationally regarded as a China expert and has worked on geopolitical and business issues across various public, private, and non-profit industries.
She is the founder of the China Boss newsfeed on LinkedIn, with over 25,000 followers, and the China Boss newsletter on Substack, from which she shares news and analysis on China-related business and geopolitical developments. Shannon’s analysis has also appeared in Foreign Policy, Arabian Business News, Financial Times’ Banking Risk and Regulation, and Harris Sliwoski’s award-winning China Law Blog.
The Geopolitical Implications of China’s Influence
China’s international expansion involves a blend of economic, political, and military tactics to project its influence worldwide. Understanding China’s strategy is crucial for businesses in the United States and Europe to mitigate risks and seize opportunities.
The situation calls for a nuanced understanding of the geopolitical shifts and the ability to anticipate the implications of China’s moves on international trade, intellectual property rights, and supply chain integrity.
Recent events, including European elections, have highlighted the growing impact of China’s influence beyond its borders. The rise of populist movements across Europe and shifts in the political landscape reflects, in part, the broader contest between global powers. China’s role in these developments is noteworthy.
The Impact of China’s Economic Struggles
The impact of economic challenges on China’s geopolitical ambitions has dominated global financial headlines.
China’s approach to managing its economic challenges, particularly in the property sector, is a delicate balancing act with global implications. The country’s economy, heavily reliant on property investment, faces considerable strain as it navigates the aftermath of speculative practices and seeks sustainable growth pathways.
Moreover, the tension between domestic economic needs and international trade dynamics places China in a complex position on the world stage.
The concept of decoupling, particularly in the context of Sino-Western relations, stands out as a significant shift in the global economic and geopolitical landscape. China’s strategic move away from dependency on Western economies isn’t a recent development; rather, it’s a part of a broader strategy initiated under the leadership of President Xi Jinping.
The complex interplay between China’s economic policies and global ambitions will undoubtedly shape the international order for years to come. As China continues to pursue self-reliance, decoupling, and a reshaped global role, the rest of the world, particularly Western nations, must recalibrate their strategies in response.
Understanding the nuances of China’s approach will be crucial for businesses, policymakers, and strategists to navigate the emerging global landscape characterized by shifting alliances and the pursuit of alternative world orders.
Whether you’re a politics aficionado, global economics enthusiast, or someone curious about international relations, this episode is packed with thought-provoking discussions you don’t want to miss.
We hope you can join us for the latest episode of Riskology by Infortal!™
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Dive into the latest episode of Riskology by Infortal!
In this episode, Dr. Ian Oxnevad and Christopher Mason, Esq., welcome Sam Silverstein, founder of the Accountability Institute, author, and CPAE Hall of Famer, for a deep dive into how corporate culture and non-negotiable core values shape business success.
In a rapidly globalizing market, the allure of tapping into new markets brings with it the challenge of navigating diverse cultural landscapes. This podcast episode breaks down corporate culture’s critical role in international business expansion. It also offers insights into how businesses can synchronize their corporate culture with the diverse cultural norms encountered in new markets.
Entering new international markets necessitates a nuanced understanding of local business practices and cultural norms. Assimilation into the local culture requires finding a harmonious balance where the existing corporate culture adapts to and enriches the local practices.
Fostering a culture that’s inclusive, adaptable, and respectful of local customs and values requires deliberate effort, and leadership plays a pivotal role in the cultural integration process.
The challenge lies in guiding international branch employees into a company’s culture without sidelining the local cultural context that shapes their work ethics and behaviors. This may require a detailed audit of the company’s culture, identifying core values, and mapping out a plan for cultural integration that highlights the company’s ethos and accounts for local cultural intricacies.
Ever wonder why some brands soar in new markets while others stumble?
It’s all about cultural awareness. It’s crucial to embrace and understand local customs, values, and workplace norms. Differences in gender norms, religious practices, and even concepts of time can make or break your business abroad.
At the heart of every successful organization is a distinctive corporate culture. Culture encompasses the behaviors, values, and practices that are routinely accepted and repeated within the organization.
Organizations can have a culture by design, where leaders deliberately define, model, teach, protect, and celebrate their culture, or by default, without deliberate cultural shaping. A thoughtfully designed corporate culture is a competitive advantage, especially when expanding into international markets.
Corporate culture isn’t static; it evolves with the organization and its people. A company’s employees’ collective attitudes, experiences, and backgrounds influence it. Therefore, when a company looks to establish itself in a new market, understanding and integrating with the local culture requires consistent effort and reinforcing your firm’s core cultural identity.
Finally, culture is a reflection of your core values.
Again, we hope you can join us for another intriguing episode of Riskology by Infortal!
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Welcome to Episode 26 of Riskology by Infortal™ - Election Risk: How Polls Lie.
In this episode, Dr. Ian Oxnevad and Christopher Mason, Esq., illuminate the complexities and pitfalls that bedevil the world of political polling.
Across the globe, the winds of change are blowing. From the US to the UK and beyond, from pro-business shifts to the rise of populism, the world is in a state of flux.
With over 50% of the world’s population heading to the voting booth, companies and investors are focused even more heavily on election polling.
However, over-reliance on polling presents risks as polls often fail to provide an accurate prediction of election outcomes. Companies should avoid overrelying on polls in shaping their operational and investment strategies.
Polling inaccuracies are often attributed to various methodological challenges, including the design of survey questions, the selection of survey participants, and the interpretation of data collected from a subset of the population.
Enhanced technology and societal shifts demand new strategies to gauge public opinion accurately. Pollsters are struggling to keep pace in a world that no longer picks up the phone.
In addition, elections aren’t just political; they’re potential game-changers for your industry. Staying informed can mean the difference between missing out and moving ahead.
Instead of relying on polling alone, it is best practice to employ multifaceted analysis that incorporates polling insights, along with a comprehensive assessment of political, economic, and social trends.
We hope you join us for this timely conversation on how your business can prepare for the upcoming election season and avoid the pitfalls of overreliance on polls.
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Welcome to the 25th episode of Riskology by Infortal!
In the 25th episode, Tom Fox joins hosts Dr. Ian Oxnevad and Christopher Mason to discuss the importance of strategic global risk management as geopolitical tensions rise and shifting alliances shape both international and domestic markets.
From Europe to Southeast Asia and the Middle East, global conflict has not only reshaped markets but also presented numerous challenges for businesses operating internationally. Companies are now compelled to consider geopolitics in their strategic planning processes, recognizing the potential risks to operations, supply chains, and market access.
The Riskology crew explores the strategies businesses can employ to navigate global challenges. From comprehensive geopolitical risk assessments and supply chain diversification to leveraging technology for resilience, they discuss how businesses can develop strategic solutions to mitigate operational risks.
They also discuss the significant transformations happening globally and their implications for corporate compliance teams and businesses at large. This includes examining how current global conflicts are impacting corporate compliance strategies.
One key element to assessing the current global risk landscape is conducting the right level of due diligence on your operations, supply chains, and global business partners. Importantly, deep level due diligence can not only help companies avoid unnecessary risk but can also uncover efficiency gains and process improvements.
This episode concludes with insights on how companies can invest in innovation for future readiness, enhance operational flexibility, and build organizational agility in this world marked by perpetual change and uncertainty.
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Infortal Worldwide
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Check out the latest episode of Riskology by Infortal™ – Risk on the Rocks: Rare Earth Elements.
Ever wonder what powers the technology that fuels our future? From the smartphones in our pockets to the rockets aiming for Mars, there’s a secret ingredient: rare earth elements. Here’s the catch: while critical to innovation, these minerals are also vulnerable to global tensions.
In this episode, hosts Dr. Ian Oxnevad and Chris Mason, from Infortal Worldwide, discuss the risk management implications of accessing critical mineral resources. Taking a closer look at the global impact of these rare earth elements, you’ll gain insights into their strategic importance and understand their vital role in the advancement of sectors such as defense, energy, and technology.
Venture into the global risk chessboard, to learn about how the race for dominance in the rare earth elements space will impact who comes out on top in the 21st century.
Moreover, the pursuit of critical minerals often intersects with pressing social issues, including the rights and welfare of local communities. In regions rich in rare earth resources, such as Africa and South America, mining activities can lead to displacement, social unrest, and exploitation. The international community faces the dual task of securing a steady supply of critical minerals while ensuring that the pursuit does not come at the expense of humanitarian values or environmental sustainability.
Importantly, companies must engage in thorough risk assessments to understand their risk exposure to fluctuating market conditions and dire humanitarian concerns. This involves examining the entire supply chain, from mines to manufacturing, to ensure that all steps meet ethical and sustainability standards.
For companies with risk exposure, it will be important to:
Conduct Risk Assessments and Due Diligence
Ensure There is No Child Labor or Human Trafficking
Develop Internal Risk Management Mechanisms
Provide Focused Training
Monitor Supply Chain Resiliency
We hope you can join us for the next episode of Riskology by Infortal™!
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Infortal Worldwide
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Tune in for the latest episode of Riskology by Infortal™, where hosts Dr. Ian Oxnevad and Chris Mason delve into how a breakdown in corporate culture led to the recent Boeing compliance failures.
Building a corporate culture isn’t just about buzzwords; it's about empowering your front-line defense against risk. Ignoring the health of your corporate culture can quickly result in a crisis.
Using Boeing's situation as a case study, lessons will be drawn on the need for a balanced corporate strategy that maintains a commitment to quality, compliance, and efficiency.
The Riskology hosts explore how sacrificing company culture for efficiency and profit can lead to catastrophic results for a company. In some cases, entire markets may feel the impact.
Maintaining a strong connection between senior leadership and front-line operations is extremely important to maintaining company culture, especially in high-stakes industries like aviation. This also requires open communication and whistleblower protection to ensure that communication flows up and risks are dealt with early.
Join us for Episode 23 of Riskology by Infortal™: Boeing - The Hidden Costs of Bad Corporate Culture.
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Infortal Worldwide
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Welcome to another episode of Riskology by Infortal™!
In this episode, your hosts, Dr. Ian Oxnevad and Christopher Mason, discuss "de-risking” from China. They unveil the cascading effects of China's economic slowdown on the global economy and supply chain integrity, a situation that demands scrutiny by American companies.
Understanding the underpinnings of China's economic conditions is paramount to assessing your risk exposure. As China wrestles with economic deceleration, corporations face expanding risks, including new threats to supply chain stability. This impacts key industries and manufacturers in the US, including the tech sector and healthcare suppliers.
Navigating this risk landscape calls for robust resiliency measures coupled with an enhanced understanding of the global risk landscape. As history reminds us, economic entanglement may not provide a safe harbor from geopolitical unrest.
In response to these complex geopolitical tensions, corporations increasingly seek new strategies to mitigate risks and ensure company resiliency. This includes diverse approaches, from strategic realignment exemplified by Apple's shift of some iPhone manufacturing to India to developing contingency plans ready to be deployed as needed.
In this episode, we discuss how companies can methodically develop a strategy to ensure long-term supply chain stability.
We hope you join us for Episode 22 – China Escape Plan: De-Risking Explained.
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Infortal Worldwide
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Dr. Ian Oxnevad on LinkedIn
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As the global economic landscape broadens, companies find themselves navigating complex and challenging terrain that can profoundly affect their operations and financial standing.
On today’s episode of ‘Due Diligence & Geopolitical Risk,’ join Chris Mason and Ian Oxnevad as they discuss the pivotal role ‘Geopolitical Risk Intelligence’ plays in corporate strategy.
This conversation dives into a thorough examination of local developments, political shifts, and global trends, exploring how they are intricately woven together and impact various business activities. Discussion points also cover an inside look at how this unique form of intelligence works to safeguard against potential threats while accentuating valuable business opportunities.
Stay tuned to learn how to successfully deploy geopolitical risk intelligence, tap into lucrative prospects, and fortify your corporate standing.
On a more pragmatic application level, our speakers share insights on the structured and analytical process behind geopolitical risk intelligence. They delve into the intricacies of understanding international affairs and market dynamics, vetting potential employees and investment opportunities, and avoiding potential legal entanglements and reputational damage.
The episode provides a comprehensive outlook on maintaining a fountainhead of geopolitical analysis, making it possible for corporations to stay prepared for any impending changes in the business landscape.
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Infortal Worldwide
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Dr. Ian Oxnevad on LinkedIn
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The rise of AI has brought with it both blessing and curse. Companies worldwide and the organizations that govern them are racing to navigate and leverage it. In today's episode, Dr. Ian Oxnevad, Chris Mason, and guest Matt Kelly delve into the intricate world of AI and its profound implications on compliance and geopolitical risk management. In the race to harness AI, thoughtful adoption and strategic implementation are crucial.
Infortal Worldwide is a global risk management and investigations firm specializing in helping businesses navigate complex risk landscapes. The company's focus extends to various areas, including economics, politics, and geopolitical risk. By delving into these interconnected realms, Infortal Worldwide aims to provide clients with comprehensive insights that empower them to make informed decisions, especially in critical areas such as mergers and acquisitions, private equity investments, and other strategic moves.
You’ll hear Ian, Chris, and Matt discuss:
The geopolitical impact of AI is far-reaching. AI can potentially impact global conflicts, elections, and power dynamics, emphasizing the need for regulatory oversight and ethical considerations to prevent misuse and manipulation.
Ethical concerns are often overlooked or skipped altogether as organizations race to integrate and leverage AI. In an environment where technology changes daily, the lack of human values in the new AI systems runs the risk of bias and other negative consequences.
The evolving regulatory landscape for AI, including initiatives like the EU's Artificial Intelligence Act and the US executive order, underscores the need for proactive policy development. As a result, private businesses will face complex and uncertain regulatory environments as they play a pivotal role in shaping the future of AI adoption.
Different countries approach AI adoption and regulation uniquely, with considerations for economic impact, job displacement, and geopolitical implications, underscoring the diverse responses and challenges in the global AI landscape.
Risk management should play a central role in AI implementation, as there is already a history of compliance failure and cybersecurity risks with the new technology. To circumvent these issues, organizations must prioritize testing, quality control, and privacy considerations.
Despite the risks and pitfalls, AI brings with it productivity gains and innovation opportunities, which encourages a strategic and thoughtful approach to leveraging AI technologies for business growth and development.
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Infortal Worldwide
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Dr. Ian Oxnevad on LinkedIn
Chris Mason on LinkedIn
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