Friendshoring Shifting sourcing to politically aligned countries, regardless of geographic distance. Like choosing a supplier because they're on your "team" — even if they're far away.
Nearshoring Moving production to nearby countries (e.g., US companies moving to Mexico) for faster delivery and lower shipping costs. Like ordering from the local shop instead of overseas.
Concentration risk Relying too heavily on one country or supplier — like putting all your eggs in one basket. If that basket drops, everything breaks.
Tariff exposure How much of your supply chain would be hit if trade taxes were imposed on a country's goods. Like a hidden surcharge on your imports that can appear overnight.
LCCR Low-Cost Country Region — countries like China, Vietnam, and Bangladesh where manufacturing costs are lowest. The traditional "go-to" for cheap production.
Reshoring Bringing production back to your home country (e.g., making things in the US again). Like bringing takeout back to your own kitchen.
