What’s the difference between ‘friendshoring’ and other global trade buzzwords?

Feb 17, 2023

‘Friendshoring’ is a growing trade practice where supply chain networks are focused on countries regarded as political and economic allies. Image: Unsplash/ David Vives

Stefan Ellerbeck

Senior Writer, Formative Content

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A table showing ranked US trade partners. friendshoring nearshoring reshoring offshoring

Canada and Mexico are the United States’ top trading partners. Image: Visual Capitalist.

A bar chart showing top risks to business growth in the next 12-18 months. friendshoring nearshoring reshoring offshoring

Supply chain disruption is the biggest short-term risk for organizations. Image: Capgemini Research Institute.

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