Diversification is a Primary Global Supply Chain Strategy for Executives
The Global Small Business Blog
JANUARY 24, 2025
iStock/thitivong Since 2018, many global manufacturers have been diversifying their supply chains beyond China. But this diversification has proven to be challenging due to dependencies on certain countries for manufacturing capabilities and critical resources, resulting in a rise in friendshoring and a move towards industrial policy, potentially escalating geopolitical tensions.
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