Friendshoring is bad for politics but even worse for business ...Middle East

The word is clumsy enough: “friendshoring,” a portmanteau buzzword for the business strategy of running supply chains only through countries that are close political partners. As a concept, though, it’s even clumsier—not to mention damaging to the world’s economy.Politics, in addition to covid-19, have made the last two years hard on supply chains. China’s political decisions to institute hard lockdowns led to global shipping and manufacturing delays. Russia’s invasion of Ukraine has meant wheat shortages and the need for Europe to suddenly reorganize its energy supply lines. The US and the EU are both investing in semiconductor manufacturing plants at home to reduce their reliance on Taiwan

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