The foundations of globalization are eroding. Protectionism is rising. Populism is turning into unilateralism. And the ties that have bound the old geopolitical world are weakening. Political risk is everywhere, and sensitivities are high.

At a national and a regional level, we are seeing a pull away from global geopolitical consensus. Multiple fracture points are emerging — whether it be on regional lines, political lines, trade lines, environmental lines or economic lines — that are weakening the foundations of globalization. If we’re not careful, we risk losing much of what society has achieved since WWII.

Where once we saw consensus-building, what we are now seeing emerge is a web of temporary unstable alliances.

Relationships and allegiances shift depending on the agenda.

Two countries may partner on regional defense, for example, yet still come to economic blows on a trade issue. To say a ‘new world order’ is emerging would be wrong — there is very little ‘order’ to it.