Akamaisation, friendshoring, nearshoring etc.
Akamaisation refers to the idea of companies going local in order to remain global. I had proposed this term as a parallel to the concept of deglobalisation. The concept of Akamaisation arises from the need for multinationals to adjust their international supply chains in response to changes in the globalisation landscape. Companies are leveraging Industry 4.0 advancements such as automated manufacturing, robotics, and IoT to create more agile and localized production processes in response to the developing geopolitical and economic competitions.
|Image credit: Dall.E version2|