Nearshoring and friend-shoring are gaining ground as firms optimize for resilience
As global trade tensions rise and tariff policies remain uncertain, multinational corporations are increasingly diversifying their supply chains, embracing nearshoring and “friend-shoring” to enhance their resilience.
While these strategies help reduce companies’ dependence on specific regions, entering new markets or expanding in existing ones can also bring a host of new risks.
“The recent tariff volatility has definitely caught the attention of multinationals,” said William Porter (pictu…