We wrote this report, the second in our KPMG Top Geopolitical Risks series, to highlight that risk isn't about discrete disconnected shocks, it's interconnected. Looking at risk scenarios tells us more about where we're vulnerable, and how we can be better prepared for the future.

In the 2026 South Australian elections, Labor was returned with a strong majority, but the real story lies in the scale of the One Nation vote. For Australian business, moves away from the political centre increase business risk in several ways.

This chapter of the ‘Palgrave Handbook of Contemporary Geopolitics’ examines who Australia thinks it is, and how that national strategic identity affects Australia’s understanding of regional and global geopolitics.