Friendshoring
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Friendshoring is a noun meaning (business, economics, finance, politics, diplomacy) The process of moving production to diplomatically friendly or allied foreign locations which have lower production costs.
Meaning
(business, economics, finance, politics, diplomacy) The process of moving production to diplomatically friendly or allied foreign locations which have lower production costs.
Example Sentences
Christine Lagarde, president of the European Central Bank (ECB), noted that the governments of Western countries are increasingly adopting industrial policies that promote “friendshoring” of strategic industries.
Related Words
Related dictionary entries include offshoring, bestshoring, offshorization, inshoring, deoffshorization, foreignization.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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