KPMG Consulting and Thomson Reuters Announce "Economic Security and Geopolitical Risk Survey 2026" (Preliminary Report)
KPMG and Thomson Reuters have released a survey on economic security risks.
📋 Article Processing Timeline
- 📰 Published: March 28, 2026 at 00:25
- 🔍 Collected: March 28, 2026 at 21:59 (21h 33m after Published)
- 🤖 AI Analyzed: April 15, 2026 at 02:19 (412h 20m after Collected)
KPMG Consulting Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; Managing Partners: Yutaka Seki, Atsushi Taguchi, Masahiko Chino; hereinafter, KPMG Consulting) and Thomson Reuters K.K. (Headquarters: Minato-ku, Tokyo; President and Representative Director: Kento Miura; hereinafter, Thomson Reuters) have jointly announced the "Economic Security and Geopolitical Risk Survey 2026" (Preliminary Report), a report summarizing the results of a survey on the efforts of domestic companies in response to economic security and geopolitical risks.
Increased tariffs by the United States, strengthened export regulations by China, coupled with rising tensions in the Middle East and the prolonged situation in Russia and Ukraine, are having a serious impact on corporate supply chain structures. It has become essential for companies to enhance their sensitivity to geopolitical risks and respond more strategically by diversifying procurement sources, securing critical technologies and resources, and anticipating regulatory trends.
This report, based on an independent survey conducted from January 6 to February 20, 2026, targeting the corporate planning and risk management departments of 209 listed companies and unlisted companies with sales of 40 billion yen or more, summarizes particularly noteworthy points as a preliminary report on economic security and geopolitical risks that companies are focusing on, their corresponding management strategies, and the challenges they face in their responses.
In this third survey, the "increasing concern about changes in the environment surrounding supply chains" became even more apparent. Overall, it was revealed that 70.2% of companies are concerned about the impact of China's strengthened trade control regulations, and 33.7% of companies are considering reducing their supply chain dependency on China. Additionally, 65.1% of companies cited "mutual tariffs" as a U.S. administration policy affecting them, with 25.4% considering "passing on tariff costs to prices", indicating the reality that high tariffs cannot be absorbed by company efforts alone.
The full report can be downloaded from the link below.
Economic Security and Geopolitical Risk Survey 2026" (Preliminary Report)
＜Noteworthy Survey Results＞
● 70.2% of companies are concerned about China's strengthening of trade control regulations
An 18.2 percentage point increase from the previous survey's 52.0%, revealing a heightened sense of crisis as China strengthens its export regulations.
● 33.7% of companies are considering reducing their dependency on the Chinese supply chain (57.4% for large companies with sales of 500 billion yen or more)
This suggests that companies are reducing their dependency on China and considering a reorganization of their supply chains.
● In response to U.S. tariffs, 25.4% of companies are considering passing on costs to prices (44.7% for large companies with sales of 500 billion yen or more)
Some companies are considering passing on tariff costs to prices in response to policy changes by the U.S. administration, revealing the reality that they cannot absorb high tariffs through their own efforts.
● 20.1% of companies responded with "localization of management" as a measure for reorganizing group governance
As data protection regulations strengthen in various countries, it is becoming important to create a system that allows for local decision-making.
● As initiatives in view of the tense situation in Taiwan, 19.7% of companies have conducted "risk identification," and 11.5% have "switched/diversified procurement sources"
BCP formulation is being carried out by 43.5% of companies with sales of 500 billion yen or more, showing steady progress in initiatives among large corporations.
● Regarding anti-ESG, the most common concern at 22.6% was that "postponements and revisions of related regulations are frequent, making it difficult to predict responses"