Today, governments around the world are prioritizing economic security more than they have in the past several decades, imposing tariffs and launching industrial policy initiatives such as the Inflation Reduction Act. As international trade starts to be seen through a national security lens, companies are starting to look for new ways to win on tilted playing fields. 78% of over 100 CEOs surveyed by the Oliver Wyman Forum and NYSE in 2024 said they are planning to take action in the next year or two to address geopolitical instability, protectionism, and government industrial policies.
