Q. The term “Friendshoring”, recently seen in the news, refers to:

[A] Shifting production and supply chains to politically and economically reliable partner countries.

[B] Relocating production and supply chains to nearby countries to reduce transport costs and improve efficiency.

[C] Bringing overseas production and supply chains back to the home country.

[D] Moving production and supply chains to countries offering the lowest labour and manufacturing costs.

Answer: A
Notes:

Explanation: Friendshoring is the practice of shifting production and supply chains to politically and economically trusted partner countries to reduce geopolitical and supply chain risks. It differs from nearshoring (nearby countries), reshoring (returning production home), and offshoring (moving production abroad mainly to reduce costs).

 

Source- IE

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