What is Friendshoring, Nearshoring, Reshoring, and Offshoring

Friendshoring is the new buzzword in the global trade room. In practice, businesses can’t always make or process everything domestically. Friendshoring - or allyshoring - is when they rely on countries with shared values. When looking for raw materials or possible manufacturing bases. Watch to know what other trade buzzwords like Friendshoring mean and how they differ from each other.