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Friend-shoring

Aug 3, 2022

In this English vocabulary lesson, you’ll learn a fairly new expression in English: ‘friend-shoring’.

Headline: Yellen says the U.S. and its allies should use 'friend-shoring' to give supply chains a boost

Three words to highlight here: ‘allies’, ‘friend-shoring’, and ‘boost’.

Well, allies are states that cooperate with each other for some kind of purpose. In Spanish ‘aliados’. But take care with the pronunciation; ‘allies’, not ‘allees’. And in the singular, ‘ally’.

We have seen in previous lessons that a boost’ is some kind of assistance. It is a help. And it is often used in the verb form ‘to boost’ (to assist, to help).  

So, now that you understand the context of the headline, what does ‘friend-shoring’ mean? Well, friend shoring is when you prioritize your supply chain networks with your allies or other friendly countries.

Maybe in the past, you have heard the expression ‘onshoring’. That refers to transferring supply chains back home. Then there is also ‘nearshoring’. That refers to transferring supply chains closer to home.

So, ‘friend-shoring’ is a different concept. Again, ‘friend-shoring’ is strengthening a country’s supply chain connections with a network of allies and other friendly countries.

And of course, the ultimate goal of this strategy is to make supply chains more resilient in the face of shocks.

Okay, that’s all for this lesson.

Remember that ‘allies’ are entities that come together for a shared purpose.

And of course, a ‘ boost’ is a ‘ help’, and ‘to boost’ means ‘to help’.

‘Friend-shoring’ means prioritizing your friends and allies when you develop and strengthen supply chains.

If you think these podcast lessons help boost your ability to speak English, consider subscribing so you never out. Also, check out the webpage ‘englishforeconomists.com’ to see all previous lessons. If supply chains are your thing, specifically check out lesson #26 as well.

If you think private English lessons would boost your ability to communicate in English, you can also contact me through the web page. I will find a way to help you learn. Consider me your ally in your goal to improve your English.

Okay. That´s it for now. I will be back soon with another English lesson for people working in the areas of economics and finance. See you then!

https://www.cnbc.com/2022/07/19/us-treasury-secretary-on-supply-chain-resilience-use-friend-shoring.html

https://www.cnbc.com/2022/07/19/us-treasury-secretary-on-supply-chain-resilience-use-friend-shoring.html

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