South Africa’s manufacturing sector is operating in an increasingly fragmented and unpredictable global environment. Escalating geopolitical tensions, shifting trade alliances, sanctions regimes and regional instability are no longer background risks - they are actively reshaping supply chains, input costs and market access. Against this backdrop, the latest insights from Aon’s Global Risk Management Survey highlight a critical reality: for industrial and manufacturing organisations, risk is no longer episodic - it is systemic, interconnected and persistent.