Nitin Paranjpe, the non-executive chairman of Hindustan Unilever (HUL), cautioned that escalating geopolitical tensions and growing protectionist tendencies are among today’s most urgent threats to businesses — more unpredictable and immediate than known challenges like climate change or technological disruption. Speaking in Mumbai on July 1, 2025, he emphasized that while the direction of technological and environmental shifts is clear, the sudden imposition of tariffs and trade barriers demands rapid strategic response and business agility to safeguard growth .

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