Supply Chain Diplomacy: How Re-Shoring and Friendshoring Are Redefining Global Power Centres
The COVID-19 pandemic was a turning point in global trade, economics, and geopolitics. The disruptions it caused in manufacturing value chains left industries struggling with backorders, supplier failures, and economic uncertainty. However, this crisis also accelerated the restructuring of supply chains, with strategies like ‘Friendshoring’ and ‘Nearshoring’ gaining prominence in Western political circles.
