The degree of change and upheaval in early 2025 is a bit of déjà vu from five years ago. But this time there’s no shared focus on containing an unknown pathogen and “getting through it together.” Volatility in 2025 includes massive global outages, cyberthreats, new tariffs, trade wars, divided and impatient customers — and, of course, economic concerns. This report outlines how leaders can take back control by optimizing spend with extreme discipline and creativity; mastering change leadership; and embracing risk management to calm the impact of future volatility.