{"id":8064,"date":"2022-11-20T06:08:23","date_gmt":"2022-11-20T00:38:23","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=8064"},"modified":"2025-03-29T00:38:36","modified_gmt":"2025-03-28T19:08:36","slug":"friendshoring","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/friendshoring\/","title":{"rendered":"Friendshoring"},"content":{"rendered":"<h2><strong>About Friendshoring:<\/strong><\/h2>\n<ul>\n<li><strong>\u2018Friendshoring<\/strong>\u2019- the term is shorthand for the\u00a0<strong>practice of relocating supply chains to countries where the risk of disruption from political chaos is low.<\/strong><\/li>\n<li>It is a strategy where a\u00a0<strong>country sources the raw materials, components and even manufactured goods from countries that share its values<\/strong>. The dependence on the countries considered a &#8220;threat&#8221; to the stability of the supply chains is slowly reduced. It is also called &#8220;<strong>allyshoring<\/strong>&#8220;.<\/li>\n<\/ul>\n<h3><strong>Problems with friendshoring<\/strong><\/h3>\n<ul>\n<li>Friendshoring may push the world towards a more isolated place for trade and reverse the gains of globalisation. It is a part of the &#8220;deglobalisation&#8221; process.<\/li>\n<li>While moving supply chains away from east Asia could increase security in the long run, an ill-conceived implementation of this friendshoring strategy could result in price hikes and a stronger China over time.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><strong>Source :<\/strong><strong>\u00a0<\/strong><a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-economics\/what-is-friendshoring-8277847\/\" target=\"_blank\" rel=\"nofollow noopener\">Indian Express<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Friendshoring is relocating supply chains to countries where disruption risk from political chaos is low.<\/p>\n","protected":false},"author":5,"featured_media":8065,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-8064","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/8064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=8064"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/8064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/8065"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=8064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=8064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=8064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}