Nations Aim to Secure Supply Chains by Turning Offshoring Into ‘Friend-Shoring’
Share this @internewscast.com



WASHINGTON—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.”

The new strategy is a departure from economic globalization of recent decades, when businesses bought and made products where costs were low and free-trade policies made moving goods around the world cheaper and faster.

Share this @internewscast.com
You May Also Like

The FTSE 100’s top laggards in 2022: Why have they been in freefall?

Ocado, JD Sports Fashion, Scottish Mortgage Investment Trust, Royal Mail and Ashtead…

Atlantic City Casino Workers, MGM Reach Labor Agreement

Atlantic City, N.J., casino union workers reached a tentative agreement with MGM…

Stocks Close Out Worst First Half Of A Year Since 1970

Topline Stocks fell in volatile trading on Thursday, wrapping up their worst…

Private Equity, Crypto Allowed In 401ks—Lottery Tickets Coming Soon?

Now that 401(k) investors can gamble on private equity and crypto—why not…

Trading At A Mere 4x Earnings, Is VALE Stock A Buy?

BRAZIL – 2021/12/28: In this photo illustration, the Vale S.A. logo is…

Private Agencies No Longer Authorized To Collect IRS Debt For Certain Taxpayer Accounts

IRS accounts for economically vulnerable taxpayers with delinquent taxes can no longer…

Airbus Wins First Major China Jet Order Since Before Pandemic

By Benjamin Katz and Rachel Liang July 1, 2022 10:32 am ET…

SpaceX Wins Permission to Connect Planes, Boats and Other Vehicles to Starlink Internet Service

Federal authorities gave SpaceX permission to link a range of vehicles to…