To explore this, Willis and Oxford Analytica consulted an international panel of senior external-affairs and risk leaders, producing a global risk radar and risk-by-risk synthesis of how leading global commodity traders view these challenges. The top risks that emerged from the report were:Tariffs : Tariffs emerge as the biggest economic threat to commodity traders, reshaping trade flows, freezing decision-making and injecting unprecedented policy uncertainty. : Tariffs emerge as the biggest economic threat to commodity traders, reshaping trade flows, freezing decision-making and injecting unprecedented policy uncertainty. Complications of a changing climate : Climate change is reshaping commodity markets, altering seasonal fuel demand, increasing pesticide use and straining river-based logistics. : Climate change is reshaping commodity markets, altering seasonal fuel demand, increasing pesticide use and straining river-based logistics.