Nations Aim to Secure Supply Chains by Turning Offshoring Into ‘Friend-Shoring’

WASHINGTON — As wars and pandemics reveal the fragility of supply chains, the United States and its allies are pursuing a new kind of global trade, one that limits trade to trusted countries. Fans call this change “making friends”.

The new strategy is a departure from economic globalization in recent decades, as businesses buy and manufacture products where low costs and free trade policies have made goods goods move around the world cheaper and faster.

https://www.wsj.com/articles/nations-aim-to-secure-supply-chains-by-turning-offshoring-into-friend-shoring-11652612580?mod=pls_whats_news_us_business_f Nations Aim to Secure Supply Chains by Turning Offshoring Into ‘Friend-Shoring’

Edmund DeMarche

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