The COVID-19 pandemic dominated 2020. It slowed supply chains, shuttered businesses, delayed military drills, upended government budgets and further inflamed Sino-U.S. relations.

For this year’s Outlook project, our authors were, understandably, unable to ignore this worldwide event. But the spread of a disease did not distract them from geopolitical affairs.

NATO allies and partners are focused on military interoperability and adding to their arsenal to deter Russian aggression. Russia is responding by prioritizing self-sufficiency within its defense industry as a means of modernizing its forces.

Meanwhile, China and the U.S. continue their trade war — a concern for some Asia-Pacific nations that want to avoid taking sides should conflict break out, and would rather see the two economic powerhouses work together to tackle climate change.

From industry’s perspective, a post-pandemic world must involve financial…

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