Bloomberg Businessweek

The Logic of Parallel Lobbying

Apr 2, 2026
Angel Saz, professor and director of EsadeGeo who studies geopolitics and global value chains, discusses why firms meet regulators alongside their trade associations. He explores when companies reinforce, nuance, or break from collective industry messages. The conversation covers vulnerabilities in global supply chains, rising economic security measures, and how firms shape industrial policy worldwide.
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INSIGHT

Mismatch Between Legacy Global Value Chains And New Barriers

  • Global value chains remain structured for open markets even as countries close borders and raise risks.
  • Angel Saz explains this mismatch creates vulnerabilities across upstream inputs and downstream market exposure, forcing firms to reassess strategy.
ADVICE

Map Scenarios Around Key Chokepoints

  • Do build multiple scenarios and test how long key chokepoints like Hormuz could be closed and the knock-on effects.
  • Saz advises mapping exposures to oil, upstream inputs, and downstream markets to prioritize responses.
INSIGHT

Scenario Planning Should Center On Strategic Transmission Channels

  • Business leaders must scenario-plan around short-term disruptions like a closed Strait of Hormuz and their transmission effects.
  • Saz highlights oil prices, critical inputs upstream, and downstream market exposure as principal channels to model.
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