A new age of great-power rivalry is redrawing the map of the world economy and forcing business chiefs to navigate around a growing number of global flashpoints.

The WEF said globally businesses are expected to cut costs significantly in response to economic headwinds, but chief economists are optimistic about inflation and strong balance sheets.

While Davos has not seen any major security issue in over 50 years of hosting the WEF meeting, insiders say that the military cog has always been the best here when it comes to coordinating between various units.