Reshoring and nearshoring supplanted by friendshoring. Trade war and geopolitical tensions reshape trade flows, so partner companies with headquarters in friendly countries are preferred over politically non-aligned states. McKinsey Global Institute’s “Great Trade Rearrangement” report points to alternative paths companies might take. Meanwhile, U.S. President Donald Trump is beginning to outline the timetable for tariffs….
Friendshoring wins during a trade-war, says McKinsey
