Source: Fortune
The globalized and laissez-faire economy that has defined the business world for years is giving way to an entirely new set of considerations, according to Michael Chertoff, the former Secretary of the Department of Homeland Security.
While companies have for years focused on the fastest, cheapest, and easiest way to produce products and do business, Russias invasion of Ukraine and the rise of China have increased the attention dedicated to national security as a business consideration, said Chertoff.
Since the start of the Ukraine war, Russia has been weaponizing the global supply chain to help its interests, the former Secretary of Homeland Security told attendees at the Fortune CEO Initiative summit in Palm Beach, Fla. on Thursday.
