Friendshoring Subject: International Relations Section :Msc Concept: Terming India the biggest trading partner, U.S. Treasury Secretary pitched for advancing an approach called “friendshoring” to bolster the resilience of supply chains. Friendshoring Friendshoring is a strategy where a country sources the raw materials, components and even manufactured goods from countries that share its values. […]

    Friendshoring Subject: Economy Context: The US is ‘friendshoring’, and a key beneficiary could be India. Concept: Friendshoring: In the post-pandemic world and geopolitical challenges-the concept emerged as an alternative model for international trade. Friendshoring or Allyshoring is a concept derived from onshoring and nearshoring but it goes beyond that by limiting supply chain […]