Rethinking Corporate Risk and Alignment in an Era of Economic Statecraft (warontherocks.com)

• The 2010 rare earth crisis revealed fragility in global supply chains.
• Economic statecraft is now a key instrument of great power competition.
• Firms need to recalibrate risk and alignment with state strategies.

"The article examines how China's 2010 rare earth embargo against Japan exposed supply chain vulnerabilities. It argues that companies must reassess risk and align with national security interests as economic statecraft becomes a central tool in great power competition."