Business Unusual: HR Leadership Amid Economic Volatility and Geopolitical Turbulence
Introduction: A New Era of Uncertainty
Global HR leaders are facing a convergence of challenges unlike any in recent memory. Economic volatility, geopolitical tensions, and global trade wars have upended many of the assumptions that guided talent strategy in the past. Business leaders now cite geopolitical conflict as the number-one risk to economic growth, as trade disputes and regional conflicts disrupt operations worldwide.
Tariffs between the U.S. and China have increased up to six-fold since 2017, while global trade interventions have surged 12-fold since 2010. In short, the world has entered a phase of “business unusual,” where HR strategies must adapt or risk falling behind. As one security alliance warned CEOs, “You may not be interested in geopolitics, but geopolitics is interested in you.” In this environment, HR executives need to determine whether to continue with business as usual or to craft new approaches for an unpredictable future.
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