Friendshoring wins during a trade-war, says McKinsey

Friendshoring wins during a trade-war, says McKinsey

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….

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