This post provides insights into what the C-Suite needs to know about the rise of great power competition, based largely on a recently released report by the policy and legal research agency of the United States Congress, the Congressional Research Service (CRS), titled Renewed Great Power Competition: Implications for Defense—Issues for Congress.
Great Power Competition:  U.S. DoD and Strategic Transformation. The report sees a “new or renewed emphasis on the following, all of which relate to China and/or Russia”:

-Defense issues need to focus on a “grand strategy and the geopolitics of great power competition,” including DoD changes in organizational structure.
-Nuclear weapons, nuclear deterrence, and nuclear arms control need to once again be center stage.
-Military force deployments and their global allocation new to be looked at anew, especially U.S. and allied military capabilities in the Indo-Pacific region.
-The continued commitment to Europe in the form of U.S. and NATO military capabilities; and
-The maintenance of superiority by the U.S. in conventional weapon technologies.