“Friend-Shoring” Global Supply Chains

In a recent Wall Street Journal article, Yuka Hayashi reports that "as war and the pandemic expose the fragility of supply chains, the U.S. and its allies are pursuing a new kind of global trade, one that confines commerce to a circle of trusted nations. Fans call the shift 'friend-shoring.' Promoters of friend-shoring see it as a chance to revamp global supply chains to reduce their reliance on countries with autocratic governments and nonmarket economies, namely China and Russia." Is your company looking to take a 'friend-shoring' approach to your global supply chain? What is the . . .

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