By: Rachelle Loyear and Marielle DeWicki
In today's interconnected world, businesses often find themselves tackling a range of challenges. One challenge that stands out is the ever-evolving landscape of global risk. To help you navigate the complexities of the coming year around the globe, Allied Universal® has released its 2024 Intelligence Outlook. In this and upcoming posts, we will analyze the findings and break them down to point out some high-level trends, what they might mean for your security program, and how to start thinking about mitigating risks that might impact you in 2024.
In the coming weeks, we'll explore the full report.
In this article, we're covering the Politics, Geopolitics and Economics sections of the report. From regulatory twists to security concerns and supply chain disruptions, it's a complex terrain. We're here to help navigate it and provide practical solutions to protect your organization's assets when the political and economic storms threaten.
As detailed in the Allied Universal 2024 Intelligence Outlook, 2024 has the potential to become a fairly turbulent year in terms of political, geopolitical and economic events. Multiple countries will hold national elections, conflicts are expected to persist in the Ukraine and various African and Middle Eastern countries and territories, and full economic recovery from the COVID-19 pandemic is not expected in many parts of the world.
Businesses worldwide are likely to experience a variety of operational, reputational and physical security challenges and will therefore need comprehensive measures to plan for and adapt to the changing risk environment. In this briefing, we address business-specific risks that are likely to result from the anticipated global political, geopolitical and economic climate and suggest various risk mitigation strategies.
While every business is unique, the political and economic trends outlined above and detailed in the Intelligence Outlook have the potential to have a real impact on many different types of business and operations across the globe. Some of the risk areas that corporate security teams should be on the lookout for related to global political trends are:
While the risks listed above are serious, there are mitigating steps that can be taken to potentially lessen either vulnerability and exposure to the threats or to reduce the impact to assets in the event an incident occurs. Some of the ideas here are more specific to security, while others might be shared with and applied to other organizational functions as well. Let’s look at some of the potential tactics to address political and economic risks.
As security professionals, we understand the value of readiness. The ever-changing world of political instability and economic rises and falls may potentially be disruptive to business, but with a proactive mindset and the right strategies, we can navigate the challenges and protect an organization's assets.
Remember to stay informed about political and economic developments, build strong relationships with local experts, and continuously assess your security and compliance measures. By following these best practices, you'll be better positioned to keep your organization resilient in the face of uncertainty.
The content we covered today is not the full Global Intelligence picture. This is the first in a series of articles exploring the Allied Universal 2024 Intelligence Outlook. Our next article will focus on the Security, Civil Unrest, Terrorism and Crime trends. We will provide an outlook and the factors that might influence your security program in the coming year in those areas.
Download the Allied Universal® 2024 Intelligence Outlook here.