We cannot sit and hold our breath. Fair-weather clouds are at the horizon, yet the future will show if it's going to be rain showers or thunderstorms.
We are applying pilot crew coordination procedures in most of our family businesses for piloting through rough weather.
Standard procedures are set and trained beforehand. So, in case a contingency scenario trigger - abnormal or emergency in aviation - comes alive, we execute according to the procedures as a crew.
In aviation this concept has proven to be highly effective to prevent any accidents; in my experience this is very valuable in corporations, too. It ensures, inter alia, when to pull the trigger, immediate actions, clear roles and responsibilities, no discussions about "whys" and "whens" during the procedure as well as less emotions.
Furthermore employees recognise this and feel safer, guided by the executive team even in scenarios with tough measures, such as cost-cutting.
Obviously the achievements of the last decades are in danger as the trade conflict potentially pushes us towards a full-scale Cold War and thus could trigger a new stage of deglobalisation, or at least a division of the global economy into two blocs. These challenges and unpredictability will need to be managed and will separate the C-level wheat from the chaff. Singapore can be the "safe harbour" for data, finance, talent and technology and a trusted hub for progressive rules and regulations.