Both the Geopolitical Risk with Trade (GPRT) index has surged by approximately 30% from 2020 to 2024 compared to the previous two decades, and the Global Supply Chain Pressure Index (GSCPI) has nearly tripled during the same period, writes William Dixon, Associate Fellow, Royal United Services Institute.

When both governments and international institutions are explicitly warning businesses about geopolitical risks, traditional corporate approaches to navigating international relations are no longer sufficient. The solution isn't merely better government relations or enhanced risk management; it's the emergence of an entirely new C-suite role: the Chief Geopolitical Officer (CGO), he adds.