Political Risk Management for the Global Supply Chain

The global business environment has never been so complex, making supply chains more fragile than ever. A stable business environment seems like a distant dream in today's global marketplace; instability, not stability, has become the norm. Anti-globalization and nationalization coupled with populist movements and transnational terrorism, just to name a few targeting global supply chains, now pose significant challenges and risks when doing business across the globe. To address such issues, Political Risk Management for the Global Supply Chain:

• Provides an overview of basic political terminology and political risk management
• Presents the basic processes of political risk management
• Examines the current and future impacts of political events on global supply chains

By putting aside the passions that politics can raise, the book aims to objectively look at political risk management. Topics covered include:

• Identifying different categories of political risk
• Understanding the relationship of political risk management, enterprise risk management, supply chain, project management, change management, and business continuity
• Laying the groundwork for efficient and effective political risk management
• Evaluating the effectiveness of responses

The book begins with an overview on why political risk management is an important, yet overlooked, topic and the corresponding consequences if it is ignored or overlooked on enterprises and their global supply chains. Next, it provides systemic and systematic perspectives on political risk management and explains why the topic is more important than ever. Most importantly, it provides a framework that enterprises, regardless of nationality, can use to develop and deploy to manage political risks. The book concludes by discussing the full spectrum of developing, deploying, testing, and maintaining processes to conduct political risk management.