Scenario planning for a less predictable global economy
How leaders can use strategic foresight to test market, footprint and investment choices against multiple plausible futures.
Read articleIdentify where reliance becomes leverage
A dependency becomes strategic when an external actor can use control over an input, technology, platform, route or jurisdiction to narrow enterprise choices. The issue is not simply concentration. It is the combination of control, limited substitution, long recovery time and high value at risk.
Leverage often sits outside the direct contract. A supplier may rely on one refiner; a product on proprietary tools; a digital service on identity or payment infrastructure. The IEA's 2026 minerals analysis shows how concentrated refining and export restrictions can place enormous downstream production at risk despite small material volumes.
A dependency map should record the controlling actor, affected value pools, legal and physical pathways, substitute readiness and time to recover. Ownership and jurisdiction matter alongside location. Unknown sub-tiers and unilateral contract terms should be treated as evidence gaps, not assumed resilience.
Mitigation must reduce leverage, not merely add vendors. Alternative sources may share the same upstream node; inventory buys time but does not restore access; redesign can create the most durable option but needs early investment. Capacity reservations, open standards and transferable data rights can also improve bargaining position.
Some strategic reliance is economically rational. Leaders should state the accepted exposure, monitor the actor's ability and incentive to constrain access, and fund a response matched to recovery time. This turns accidental vulnerability into an explicit choice and preserves room to maneuver if the relationship changes.
Related macro
Articles
How leaders can use strategic foresight to test market, footprint and investment choices against multiple plausible futures.
Read articleHow raw materials, supply networks and technology competition are redefining where global enterprises remain exposed.
Read articleFocus
Conflict can transmit through energy, trade, finance, infrastructure, regulation and confidence far beyond the original event.
Rates, liquidity, currencies and investor risk appetite can alter financing conditions across countries and sectors quickly.
Strategic challenges
The challenge is identifying divergence that changes product, data, investment or operating choices across jurisdictions.
The challenge is distinguishing temporary support from policy regimes capable of changing competitive and investment economics.
POV
State policy increasingly determines which technologies scale, where they travel and who retains access to them.
The value of foresight lies in preserving options before volatility removes them, not in identifying change first.
Strategic impact
Tracking incentives, restrictions and capacity plans helps management assess investment, competition and location implications.
Mapping suppliers, routes and shared dependencies helps management understand where disruption could cascade across the network.
What we observe
Compliance identifies prohibited activity, but strategic exposure includes relationships that may become uneconomic before they become illegal.
Rich stories add little when scenarios are not connected to investments, thresholds, contingencies or portfolio decisions.