Geopolitical Transformation

Under the title “Environment in danger”, our upcoming HORIZON series concentrates on the ecological transformation and therefore looks at all its challenges from various angles.

Other crises, the climate crisis being a prominent example, are more likely to emerge as developments that gradually manifest themselves.

An effective risk management process is a basic requirement for tackling transformation risks.

Mariana Kühnel, Deputy General Secretary of the Austrian Chamber of Commerce spoke about staying calm in these unpredictable times and how Europe can gain comparative advantages.

Economic sanctions used for foreign policy purposes are economic penalties – such as prohibiting trade, stopping financial transactions or barring economic and military assistance – used to influence a nation and provide incentives for obedience with the rule of law or other governing rules and regulations.

This article will provoke thoughts and create awareness about the new political world order, the changing influence of Western and Eastern powers as well as the emergence and formation of a new centre of gravity in the global economy. It takes a close look at an emerging geopolitical dominance and focuses on the new crossroads between the West…

Plans are underway to construct a new power plant fuelled by waste material on the premises of Rondo Ganahl AG as part of the Initiative “Energy Autonomy Frastanz”. The new plant in Austria’s most western province will cover the future thermal energy demand of the Rondo paper mill and corrugated board plant and will also supply other businesses…

Emerging risks and new threats that are hard to grasp and estimate are a much-discussed topic. Add to that today’s increasing number of Black Swan events. These are unprecedented and unexpected events which nobody could have imagined, making them almost impossible to predict.

According to the International Monetary Fund food and energy are the main drivers of today’s inflation. That is obvious to each of us as we pay more for both food and energy these days.

Max Pernsteiner, Vice President Global Purchasing & Supply Chain at ENGEL Austria GmbH, spoke with Johannes Vogl, General Manager at GrECo Risk Engineering GmbH, about supply chains and their risks.

In the last two years, supply chains were exposed to unforeseen risks. The impact of the pandemic, Evergiven’s blockade of the Suez Canal, or the recent disruptions as a result of Russia’s attack on Ukraine, to name a few. What else must we prepare for?

Krystle Lippert, Strategic Sales Manager at GrECo in Austria, has spoken with Dr. Gerald Dums, Head of Purchase of Technical Equipment & Logistics at Donau Chemie AG about supply chain problems and procurement and logistics resilience.

Our multipolar world and its myriad of geopolitical forces presents us and our clients with a vast, multidimensional array of risks. As bleak as this may sound, geopolitics and its impact on energy also offers a number of opportunities.

With the aftershocks of the pandemic, the ripple effects of the Ukraine war, and more frequent and severe natural catastrophes that affect our climate and today’s population, we are at a crossroads, and the construction sector is no exception.

For the past years and certainly since 24 February 2022, we have had many opportunities to witness the power of geopolitics, its decisive impact on domestic and international politics and the supply of energy throughout the world.

All over the world, uncertainty prevails. Action must be taken in the face of these turbulences while exploiting every possibility provided by available instruments.

Huge change is happening in all sectors of the marine insurance sector and cargo risks and associated insurances.

State-sponsored cyber-attacks usually exploit infrastructure weaknesses, gather information or skim off money to recover losses from sanctions.

Nowadays, risk management is more in demand than ever. By working in tandem with clients the insurance partner can help to shape the future.

Companies are exposed to various kinds of risks. At the same time, systemic transformation exacerbates existing risks and causes new risks to emerge.

Michael Kolb, Board Member at Acredia, talks about the political effects of the energy crisis and situation of the former Yugoslavian countries.

For Erne Fittings, the world’s leading supplier of butt-weld fittings, every safe connection is a strong pillar of success in risk and supply chain management

How can we increase flexibility and financial resilience in an ever-changing economical and geopolitical environment

The international insurance industry is no longer willing to agree on coverage for Russia and Belarus. The options for coverage in Ukraine are very limited.

Jürgen Spari spoke to Georg Knill about the challenges of the energy transition for the industrial sector and the impact of the Russia-Ukraine conflict on domestic companies.

Europe needs to cover gas demand with alternative sources. The EU energy security is compromised if there is no diversification to cover Russian gas imports.

Since the outbreak of the Corona pandemic two years ago, disrupted supply chains have threatened the existence of many companies.

The value of intangible relative to tangible cor­porate assets has steadily increased. Emerging risks threaten the value of both tangible and intangible assets.

With new insurers having entered the market in the past few months, we should see a dampening of the price increases we experienced in the previous two years.

On average, premium rates are expected to increase between 5% to 10%, even for policies with a no-claim history.

An interview with Martin Cerny and Jörg Schönenborn, Telecommunication Executives, and Andreas Schmitt, Insurance Professional.

In the last two years, supply chains were exposed to unforeseen risks. The impact of the pandemic, Evergiven’s blockade of the Suez Canal, or the recent disruptions as a result of Russia’s attack on Ukraine, to name a few. What else must we prepare for?