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That’s what friends are for: ‘friendshoring’ presents opportunity for Canadian business

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Opinion: Recognizing they can’t make everything domestically, democratic countries are looking to shore up their supply chain resilience by increasing ties with allies: 'friendshoring.' It's an opportunity for Canadian businesses, OntGRGuy writes.

Brian Zeiler-Kligman

Deputy Prime Minister Chrystia Freeland addresses a crowd at the Empire Club of Canada in Toronto on June 16, 2022. In politics and business, as in life, it’s good to have friends who look out for you, especially in tough times. As a peaceful and prosperous country blessed with abundant natural resources, Canada — and, by extension, Canadian business — has a lot of friends to choose from. In today’s global environment, economies are increasingly focusing on their friends and shutting out those viewed as hostile. So, we are in an enviable position.

It is a bit odd for our political and economic policy to sound like something from the playground. But the term “friendshoring” will be familiar to those who have heardRead up to 3 free articles per week.

 

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