Against a backdrop of war in Ukraine and the Middle East, as well as a global trade war, nations are redefining their relationships with allies, rivals and trading partners to bolster their national security.
And security encompasses more than just defense spending. As the geopolitical landscape has grown increasingly uncertain and fragmented, nations are taking on greater responsibility — and investing aggressively — to secure resources vital to their interests. This extends to safeguarding access to reliable energy resources as well as updating national infrastructure and securing dependable supply chains for essential goods and raw materials.
We expect this security imperative will translate into significant capital expenditure by governments around the world. This is a global trend that represents growth tailwinds for companies across a range of industries, including aerospace and defense, construction, capital goods, energy and utilities, as well as leading-edge technology.
Companies that can innovate and meet rapidly evolving security needs will likely benefit the most. We are taking advantage of our global research footprint to anticipate where these forces will lead and what companies stand to gain.
Here are three ways we believe a global focus on security will boost growth for well-positioned companies and drive investment opportunities in the coming years.