“Rising energy prices are testing the Bank of England's wait-and-see approach” says Yael Selfin, Chief Economist at KPMG.

The UK’s mix of high fiscal deficits, rising bond yields, anaemic growth, high taxes and an impatient electorate can only be solved with politically brave choices.

While around 20% of oil and gas supplies were stranded in the Gulf, the global economy has continued to prosper. Trade is robust as societies are doing what they always do: finding ways to overcome obstacles. One of the largest synchronised capital spending cycles in history is being driven by a scramble to increase investment in defence, renewable energy and, of course, AI.

Supply chains across industries are facing systemic vulnerabilities driven by geopolitical conflict, shifting trade policy, extreme weather, and surging costs. These pressures are causing cascading challenges that can extend lead times, disrupt operations, and even delay on-time delivery of lifesaving medicine, in the case of life sciences. Despite nuances in how risks manifest across different industries, having visibility deep into the supply chain is foundational, especially since senior leaders cannot manage what they are unable to see.