General Studies · International Relations
What does the trade and economic term 'friend-shoring' imply in global supply chain management?
- 1Relocating heavy manufacturing facilities solely to coastal economic zones to reduce maritime shipping costs.
- 2Eliminating all multilateral trade barriers universally to encourage unchecked global open-source innovation.
- 3Restructuring and moving supply chains to nations that share explicit geopolitical alliances and values.✓
- 4Outsourcing industrial operations exclusively to nations possessing the absolute lowest basic labor costs.
Correct answer
Restructuring and moving supply chains to nations that share explicit geopolitical alliances and values.
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