Many companies approach risk management for their production and supply chains by embracing nearshoring and friend-shoring to move some operations to countries with smaller risks.

However, this is not as straightforward as it may look.

Basic theories about risk management tell us it is vital to diversify, and that mathematics matters more than how we perceive risks.

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https://www.missiongrey.com/blog/friend-shoring-sounds-like-simple-risk-management-its-not