Understanding geopolitical risk key in business strategy, says Rolls-Royce exec, SICC chief

AS COMPANIES race to meet post-pandemic demands, it is also important that they understand the risks posed by heightened geopolitical challenges like the Ukraine war, supply chain disruptions, and the energy crisis.

“The world around is rapidly evolving. We’ve got geopolitical tensions, we’ve got policies and regulatory frameworks that are moving at a record pace,” Bicky Bhangu, president of South-east Asia, Pacific (Australia and New Zealand) and South Korea at Rolls-Royce Singapore, tells The Business Times.

“Businesses need to understand the world… to be able to project and incorporate into their strategic planning process and take into account the costs of doing business in the geographies and markets that they operate in.”