Web“Working with allies and partners through friend-shoring is an important element of strengthening economic resilience while sustaining the dynamism and productivity growth that comes with economic integration,” Yellen argued. Supply chain managers shuddered. For years, the mantra of supply chains had been lowest-cost and lowest-inventory. WebNov 11, 2024 · The United States is pursuing an approach called “friend-shoring” to diversify away from countries that present geopolitical and security risks to supply chains. “To do so, we are proactively...
Janet Yellen touts ‘friend-shoring’ as global supply chain fix
WebApr 21, 2024 · It’s Not On-shoring, It’s Friend- Shoring Now! In a speech on April 13 at the Atlantic Council in Washington D.C., Janet Yellen invented a new phrase ‘friend-shoring’. This is related to the buzzword ‘on-shoring’, sometimes called ‘reshoring’. On-shoring is the idea that because the globalization of trade flows has become too ... Web16 hours ago · Their communique did not mention China by name, but the supply chain language fit in with "friend-shoring" efforts championed by U.S. Treasury Secretary … jelenica 72
Remarks by Secretary of the Treasury Janet L. Yellen at LG …
WebJun 20, 2024 · Sec. Yellen: So I think we saw during the pandemic that our supply chains were very brittle and really lacking in resilience and we saw that with PPE in connection with the pandemic, ... So friend shoring is the idea that countries that espouse a common set of values about international trade, conduct in the global economy should trade and get ... WebIn April 2024, friend-shoring was used by Janet Yellen, US Treasury Secretary, during a speech delivered to the Atlantic Council [40]. As the concept enters policy and academic vernaculars, including the field of energy studies, it is vital to explain its meaning. ... Friend-shoring has been described as “a new symbolism of protectionism ... WebMay 3, 2024 · In a landmark statement of Biden administration geo-economic policy on April 13 at the Atlantic Council, Treasury Secretary Janet Yellen called for “favoring the friend-shoring of supply... lahori khabay pakistani restaurant buffet price