2023: A Look Ahead (Part 1)
Geopolitics Evolve and Move from Europe To Asia by Yusuf Azizullah CEO Global Board Advisors Corp & ESG Courses Boardroomeducation.com
According to IMF in, advanced economies are only supposed to grow 1.1, without counting the growing Arms race in Japan and defense budget growth.
This week, Japan announced its most enormous military build-up since the end of World War Two. With a budget of $320 billion, the country plans to buy missiles that can be used against China and prepare for sustained conflict. This comes as tensions in the region are rising due to Russia's invasion of Ukraine.
Geopolitics Uncertainties Move From Europe To Asia.
The Ukraine-Russia war of 2022 will now evolve and move to Asia in 2023 Forecasted.
INDIA and CHINA
Growing tensions between the growth engines of Global economies India and China recently escalated their fighting. In a disputed Himalayan border region, Chinese and Indian troops have battled each other for the first time in more than two years--with reports of many injured.
CHINA - TAIWAN -USA
If China were to attack Taiwan, the geopolitical consequences would be severe and far-reaching. On the one hand, it would significantly escalate tensions between China and USA.
CHINA COVID RISING CASES DUE TO LACK OF HERD IMMUNITY
While the rest of the planet is slowly achieving herd immunity due to successful vaccination programs, China has been unable to do the same due to its extreme zero-Covid policies. Manufacturing in the country has also slowed down, disrupting global supply chains.
What Should the Board of Directors Do?
In the current dynamic and rapidly changing geopolitical environment, global 500 CEOs should be prepared to address potential disruptions to their business operations. As tensions between India and China escalate, with further developments in Japan's military build-up and the ongoing Covid crisis in China, CEOs must take proactive steps to mitigate risks and ensure business continuity.
The tech sector has been freezing hiring, while talent shortages still challenge other energy, travel, and service sectors.
Companies have been outsourcing to third-parties critical jobs
Bring supply-chains closer to North America and Latin countries for more accessible, quicker shipping
The Global Board of Advisors board advisory leaders (GBAC) can provide board members and top executives of the Global 500 with the necessary guidance to anticipate, manage, and respond to geopolitical tensions in the international arena. GBAC's advisors can offer insights on a wide range of topics, from understanding global risk factors to developing strategies for mitigating potential
Reach us at info@globalboardadvisors.com