Beyond the Balance Sheet: How CFOs Can Turn Geopolitical Risk into Strategic Advantage The era of stable globalization has ended. From trade wars and regional conflicts to the rise of economic nationalism and the weaponization of supply chains, geopolitical volatility has become a direct and persistent threat for businesses worldwide. For most Chief Financial Officers (CFOs), the term "geopolitical risk" translates to currency fluctuations, compliance nightmares, and unforeseen costs—a defensive game of mitigating balance sheet threats. This perspective, while understandable, is not just incomplete—it's a strategic liability. In today's turbulent economy, treating geopolitical risk as just another line item on the P&L is a critical strategic error. It’s like a ship's captain obsessing over fuel costs while ignoring the storm fronts that could either capsize the vessel or, if navigated wisely, provide tailwinds to outpace competitors. A fundamental paradigm ...