ET World Leaders Forum: We live in the just-in-case era, always be ready for new risks, says S Jaishankar

Jaishankar said diversification should form a key part of how businesses respond to a more uncertain global environment and this strategy should be built into the plans. "We are finding a very distorted energy market, a very distorted fertiliser market, very distorted shipping. Because the choke points are creating distortions, I would say distrust and diversify, which is to assume that things may not go right, build it into your plans," he said.