Azimuth Weekly

Executive Judgment

Systemic risk is rising across supply chains, sanctions enforcement, and intelligence operations. Regulatory escalation by China and the West is colliding with legal contestation and corporate circumvention, producing a volatile, multi-vector threat environment. The Iran crisis and Russian espionage upgrades are amplifying operational risk, while the tech sector is now a primary battleground for economic and intelligence competition. Second-order effects—on inflation, capital flows, and alliance cohesion—are now the dominant drivers of strategic instability.