
Europe needs Chips Act 2.0 to compete in digital race
Former French finance minister Bruno Le Maire says Europe needs to act urgently to secure its supply of semiconductors or face relegation to the global slow lane.Â
In an era of rising economic nationalism and intensifying rivalries, business leaders with extensive cross-border operations must develop sharper agility and foresight. Their ability to make informed decisions in this volatile environment hinges on the strength of their so-called geopolitical radar – their capacity to effectively track and proactively assess these shifting dynamics.
This requires a fundamental shift in mindset from relying on backward-looking, experience-driven assessments of geopolitical risks to embracing a more forward-looking tracking of geopolitical dynamics, combined with rigorous scenario planning.
This white paper, the result of collaboration between IMD, Boston Consulting Group and the World Economic Forum, provides a status report on how firms are enhancing their detection, understanding and assessment of the many geopolitical factors that have emerged over the past decade.
Former French finance minister Bruno Le Maire says Europe needs to act urgently to secure its supply of semiconductors or face relegation to the global slow lane.Â
A new framework encourages leaders to see the world as PLUTO – polarized, liquid, unilateral, tense, and omnirelational. It’s time to think differently and embrace stakeholder capitalism.
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