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Business & Geopolitics: Operating in a Fragmented World

June 2026

Geopolitics is reshaping power balance and markets in Europe and worldwide. HEC Paris's clear position is to integrate this knowledge into business strategies.

This topical dossier brings together insights from researchers, practitioners, and students to help organizations adapt to a world shaped by shifting global power dynamics, supply chain disruptions, digital sovereignty, energy and climate tensions, and democratic pressures.

Lessons From the US Cannabis Industry: Designing Sustainable Supply Chains From the Ground Up

The U.S. cannabis industry offers a live model for building supply chains that embed equity, transparency, and sustainability. 

Gina Marie Saenz

Facing China, Europe Must Rethink Public–Private Alliances

From Hong Kong, investor David Baverez warns of Europe’s industrial decline. His analysis highlights the continent’s vulnerabilities and reignites the debate over Europe’s strategic choices in dealing with China.

5 minutes
David Baverez

In Africa, Institutional Stability Fosters Banking Innovation

Control over payments, data, and credit is turning Africa’s fintech boom into a new arena of economic and geopolitical competition.

6 minutes
Bertrand Quélin

What Emerging Markets Teach Us About Strategy: Three Key Lessons

As geopolitical uncertainty weakens traditional business models, emerging markets reveal how companies can build resilience by shaping institutions, strengthening ecosystems, and investing in long-term trust. 

7 minutes
Aline Gatignon

Why Business Schools and Businesses Need a Geopolitical Reset

Power and coercion have returned to the center of economic life, and executives need new ways to see, map and manage their exposure.

10 minutes
Olivier Chatain

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