Friendshoring

"Essentially friendshoring refers to the rerouting of supply chains to countries perceived as politically and economically safe or low-risk, to avoid disruption to the flow of business.

The practice has stoked concern within the international community about the possibility of further geo-political fragmentation and deglobalization of the world’s economy – the decline of interdependence between nations, global institutions and enterprises.

The US government, for example, has stressed its intention to obtain components and raw materials from ‘friendly’ countries with shared values to increase security of domestic production."

Source: https://www.weforum.org/stories/2023/02/friendshoring-global-trade-buzzwords/#:~:text=00:00,of%20suppliers%2C%E2%80%9D%20she%20said.