In today’s unpredictable environment, it is more critical than ever to closely monitor global developments. When conditions shift rapidly, business leaders need a high degree of readiness to enable quick decisions and continuous updates to business models, operational processes, and strategic plans.
For Swedish companies, it is essential to actively monitor global developments and ensure that updates are integrated into both strategic planning and daily operations. We have identified three key areas to prioritise, which should be a part of every company's analysis:
To effectively manage sudden changes, a clear overview and thorough understanding of contractual obligations is necessary. Reviewing and analysing contracts will clarify whether your company bears the responsibility for costs and risks arising from changes, such as currency fluctuations, rising commodity prices, or new trade barriers.
When conducting a contract review, it is particularly important to identify and understand clauses such as:
However, identifying the presence of these clauses alone is insufficient. One must also understand their practical application, including when and how these clauses can be invoked, whether formal notifications are necessary, and what documentation is required to demonstrate the right to invoke them.
Another critical area, subject to rapid regulatory changes, is the transfer of personal data to the United States. Given the volatile regulatory environment, it is crucial to accurately map what personal data your company transfers and what protective measures are currently in place.
To mitigate risks associated with sudden regulatory shifts, we recommend promptly considering alternative solutions, such as Binding Corporate Rules (BCR), to provide greater control and stability. Equally important is maintaining a clear and flexible action plan, enabling swift adaptation to any regulatory changes.
Beyond contractual and personal data issues, supply chains are also vulnerable to fast-moving shifts in the global environment. With increasing protectionist trends and fluctuating trade relationships, a comprehensive oversight of supply chains is essential.
Therefore, Swedish companies should actively review their supply chains and ensure that the necessary expertise is available to manage export controls, customs duties, and licensing requirements effectively. Working proactively and structured in these areas can provide significant competitive advantages and minimise the risk of trade disruptions.
By integrating monitoring of global developments into your business operations, you can strengthen your company’s resilience and agility in an increasingly unpredictable global environment — where circumstances can change overnight.
