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Browsing: Friend-shoring
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Balance of power is shifting globally, fueled by the corona pandemic and the Russia-Ukraine war, pre-existing trade wars between super powers China and US have only worsened; where does this shift of power and political rift leave Africa.
All the fighting is not good for business, unless of course your business is in military contracts. So many nations are, and understandably so, avoiding conflict regions and diverting their supply chains to friendly countries.
This shift in mode of doing business and the related trade channels has earned itself a title, pundits are calling it friend-shoring. It refers to a situation where friendly countries are forming trade alliances allowing for trade to take place along new routes and in so doing, reshaping …