Over the past two years, U.S. public companies faced an unpredictable risk environment. Two geopolitical crises – the Covid-19 pandemic, and the Russian invasion of Ukraine – strained international supply chains and destabilized financial markets.
It is tempting to view these events as temporary departures from the stable climate for international commerce of the past 75 years. There are reasonable grounds for that position. After all, Covid-19 was the first global pandemic since 1919, and the conflict in Ukraine marks the first large-scale conventional conflict in Europe since World War II. However, geopolitical instability may be the new normal, and … Read more