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Why you should include geopolitical conflict risks in your business continuity plans

As conflict continues in Ukraine, and fears of an expansionist Russia throw a shadow of war over Europe, the Cambridge Risk Centre for Risk Studies has urged businesses to incorporate geopolitical conflict scenarios into their business continuity planning.

Interstate conflict was the number one concern of nearly 900 businesses and academics who responded to the Global Risks 2015 Report published in January by the World Economic Forum.

"These risks are continuing to grow in this new era of political uncertainty," said Dr Andrew Coburn, director of the Centre for Risk Studies Advisory Board at Cambridge Judge Business School. "Businesses should reappraise their readiness to manage possible disruption to their activities from armed conflicts in different parts of the globe," he said at the Centre's risk briefing held recently in the City of London.

The Centre for Risk Studies and its research partner, Cytora, has identified more than 100 potential country-to-country conflicts based on recent antagonist statements towards each other, antithetical values and historical enmity. All have the potential to cause severe disruption to business activities.

Cytora's risk map of potential future conflicts highlights a number of regional hot-spots, including the obvious Middle East, Central and Eastern Africa; the Eastern European margins; the Indian subcontinent, parts of Latin America and the emerging Southeast Asian powers.

More details.

•Date: 6th March 2015 • World •Type: Article • Topic:: BC general


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