Jim Sisco, President of ENODO Global details how local populations have the ability to impact political risk, economic risk and even transfer risk. “Security managers within oil and gas and mineral extraction industries are feeling the pinch. They seek solutions to counter an increased number of threats including cyber intrusion and supply chain disruption.
“In today’s globally interconnected world, societies are the convergent point for the majority of risks that companies face. For multinational corporations operating in frontier markets, local populations have the ability to impact political risk, economic risk and even transfer risk. Companies attempt to influence or mitigate these risks by establishing bilateral investment treaties with host nations, sifting through macroeconomic data to identify trends, using statistical-based regression modeling to predict threats and hiring high profile individuals to advantage negotiations. These activities, although useful for traditional risks, provide little to no warning from threats that emanate from indigenous populations.”
Read the entire article at Mining.com: http://www.mining.com/web/all-risk-is-local.