Executive summary 5

Introduction 6

Survey background and limitations 6

Companies surveyed try to mitigate geopolitical currents, with sectoral and size-related differences 7

The US-China trade and tech rivalry causes headaches among corporate leadership of (large) companies 8

The US-China rivalry does not seem to incentivise corporate diversification efforts 9

Companies surveyed regard US tariffs/import quotas as the most burdensome economic security measure 10

Despite the lessons learned during Russia’s war against Ukraine,

firms remain underprepared for Taiwan contingencies 14

Companies surveyed prefer ‘promote’ at home and abroad over assertive actions

against the United States/China 16

Conclusion: Economic security is here to stay – preparedness needs to catch up 18

Fields of action for policymakers: Support corporate resilience and focus on EU core interests 18

Fields of action for companies: Preparedness and resilience as drivers of competitiveness 20