The first ESF Brief presents findings from a survey of Nordic companies across strategic industries on how geoeconomic disruption is affecting business operations and strategic planning. The results show that policy-driven risks – such as export controls, regulatory fragmentation, and politically driven trade measures – are now among the most significant exposure channels. Disruption is felt first in operational delivery reliability, while companies’ ability to adjust is primarily constrained by the time and capital required to rebuild supply chains and switch capacity. Companies identify regulatory predictability and stronger public–private coordination, particularly at the EU level, as the most important factors for strengthening corporate resilience in an increasingly uncertain geoeconomic environment.