Oxford Economics and Control Risks have jointly released a subscription based tool to provide businesses around the world with clear risk profiles for 164 countries. The solution provides a clear visualisation of the risks companies need to be aware of and is up-dated as economic and political events develop.
The world is facing considerable uncertainty, from conflicts in the Middle East to macroeconomic conditions affecting the flow of finance. China’s recent slump and the political turmoil as the government stepped in to resolve the issues highlight the relationship between politics and economic activity. Businesses operating in a wide range of jurisdictions may not be fully aware of the risks involved in their operations from conflicts and politics. To stay slightly ahead of the game, businesses are looking for risk analysis that provides them with an oversight of current and potential risks within different business environments around the world.
To provide businesses with such a service, provider of risk consulting services Control Risks* and Oxford Economics** decided to launch a risk analysis tool. The joint venture will provide a framework to model and forecast the geopolitical risk factors within 164 countries around the world. The information is provided to clients through advanced visualisation tools, and updated regularly in the face of emerging threats and economic profiles. The tool will be provided on a subscription basis and leverages the joint research capabilities of the two firms to provide a fuller picture of potential threats.
Commenting on the tool, Richard Fenning, CEO of Controls Risks, says: “By combining the political acumen of Control Risks’ worldwide network of specialists with the analytical expertise of Oxford Economics’ unparalleled team of economists, we are able to provide the timely political and economic insights that companies need to succeed in today's complex marketplace.”
Adrian Cooper, CEO of Oxford Economics, adds: “Understanding the inter-linkages between economic and political risks is of critical importance to our clients, and we are proud to have collaborated with Control Risks to produce a service that will provide the basis for more informed decisions.”
* Control Risks was founded in 1975, and is headquartered in London. The firm focuses predominantly on political, integrity and security risk.
** Oxford Economics was founded in 1981 by Oxford University’s business school. It is a commercial venture that provides economic forecasting and modelling to UK companies and financial institutions expanding abroad.