In this episode of our BryghtCast edition of the Managing Uncertainty Podcast, Bryghtpath Principal & CEO Bryan Strawser and Consultant Bray Wheeler take a look at three current risks and upcoming events:
* China’s plan to conduct military exercises off the coast of Taiwan
* China’s rare public statement on Hong Kong
* The shooting at the Gilroy Garlic Festival and what it means for major event planning & physical security strategy
Episode Transcript
Bryan Strawser: Hello and welcome to the Managing Uncertainty podcast. This is our BryghtCast edition for the week of July 29th, 2019.
Bryan Strawser: This is Bryan Strawser, Principal and CEO here at Bryghtpath. With me is-
Bray Wheeler: Bray Wheeler, Consultant with Bryghtpath.
Bryan Strawser: As a reminder, the Bryghtcast episode is where we take a few recent events in the news and talk about their connectivity to the private sector and issues that organizations may want to be prepared with.
Bryan Strawser: We’re going to start with an announcement this morning that China’s military is holding exercises this week in waters off the coast of Taiwan. This was announced by China’s Maritime Safety Agency and came just days after the government in Beijing reiterated that it was ready to fight if there was any move towards independence for the self-ruled island of Taiwan. Of course, to the Chinese, they often refer to it as the wayward province of Chinese Taipei, which is how Taiwan is referred to in international terms at conferences and such, where both countries are present.
Bryan Strawser: China claims that it is stepping up military drills in recent years, including even flying what Beijing calls Island Encirclement Exercises, and sending warships into surround international waters.
Bryan Strawser: Bray, what does this mean for companies that operate in Taiwan?
Bray Wheeler: Well, it certainly means that Taiwan is back in the news.
Bryan Strawser: Yeah, it’s been a while.
Bray Wheeler: For China, it’s been a bit quiet. Hong Kong has dominated a lot of the discussion as it relates to China, as well as some of the trade stuff, so Taiwan has been a bit under the radar here, at least for the last month or two.
Bray Wheeler: Really, for companies that are in Taiwan, probably not anything direct or immediate, however, the fact those exercises are going on, [South] China Sea is still a thing that’s important. We have other activity in other important straits within the Maritime world. The fact that these are happening definitely could impact, could disrupt, could delay Maritime shipping, commerce in those areas should these escalate, be prolonged, or something happens, an accident or whatnot.
Bryan Strawser: Taiwan had its own military exercises in May, both air, land, and sea. Or, I guess that’s all three, not both. They vowed to defend themselves against China’s growing threat to their independence.
Bryan Strawser: China also has reiterated that it would be ready to go to war against those who try to split Taiwan from the country, and accused the United States of undermining global stability and denouncing our arms sales to the island.
Bryan Strawser: Taiwan primarily uses US equipment.
Bray Wheeler: It does.
Bryan Strawser: That’s purchased from us.
Bray Wheeler: It does.
Bryan Strawser: Or, purchased from our companies.
Bryan Strawser: I was at the Aspen Security Forum two weeks ago,