Good Practice

Of black swans, three-foot worlds, and serenity – coping with big events by going small

Issue 21.
March 2022

Author
John Pisa-Relli
+ About author

John Pisa-Relli currently serves as consulting legal counsel to a multinational aerospace and defense company headquartered in the United States, where he advises on a wide range of trade compliance matters. For the previous ten years, he directed the internal trade compliance program for Accenture, the world’s largest business consulting firm. Prior to joining Accenture, John served in the US federal government, practiced law privately, and served as in-house director of trade compliance with a multinational aerospace and defense group headquartered in Europe. Connect with John on LinkedIn..

The best approach to black swans is not to try to anticipate them, but rather to cultivate an overall robustness so that when such events occur, their suddenness or surprise is effectively mitigated.

In response to Russia’s military aggression against Ukraine, the US, UK, EU, and their allies have imposed an array of economic sanctions and export controls arguably unprecedented in their scope, speed, complexity, coordination, and impact.

Of black swans

Some would assert that the Russia...

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