Friendshoring: Your Business Intelligence Self - care Strategy.

 What does it really mean to find a friend across the shores, entrust them with your business to instigate precaution as your business intelligence? Does outsourcing mitigate risks of cyber security?  Join me first of all to understand cyber security. 

Such a specialized endeavour that sounds monsterous and is capable of a frustrating insanely stressful distraction when not scaled and given the best practices.  

Have you heard of the more than 200,000 machines were affected by the May 12, 2017, WannaCry ransomware outbreak?

Unpatched vulnerability was exploited by WannaCry to spread across networks worldwide.

As the world has become smaller with the rise of the internet of things,  business specialization has become an intrinsic value of business that is oftentimes ignored.  

The rise FRIENDSHORING in the recent 2023 economic forum explains the need of every business for offshore and inshore friends as a support for specialized services that can be provided by trusted highly competent capable "friends"

The World Economic Forum reported through Reuters that: 

Tech giant Apple is one American company to have recently made friendshoring moves, relocating some of its iPhone production to India from China. Currently, only 5% of Apple products are made outside of China, but recent JP Morgan analysis suggests this could rise to a quarter by 2025.

It is best to outsource your MSSPs to more reliable individuals as long as your primary line of business is unrelated to information technology. It will be crucial to remember that a committed management team will need to concentrate on the operations of the outsource firm to make sure the business goals, values, culture and final outcomes are aligned. 

 After all, as per Peter Drucker:

The best way to predict your future is to create it.

Your now, your present is the most important.  

More vital than your yesterday and tomorrow. 

When you look after your now, you look after yourself and the ones offshore who will look after your same being. 

PHOTO AND VIDEO CREDITS: 

CyberNews. (2020, September 11). A Brief History of Cybersecurity and Hacking [Video]. YouTube. https://www.youtube.com/watch?v=V6p7lFsokXo

Instagram. (n.d.). [Video]. https://www.instagram.com/p/Cm-JAujIXpX/

The TWS Channel. (2021, June 9). WANNACRY: The World’s Largest Ransomware Attack (Documentary) [Video]. YouTube. https://www.youtube.com/watch?v=PKHH_gvJ_hA

What’s the difference between ‘friendshoring’ and other global trade buzzwords? (2023a, February 20). World Economic Forum. https://www.weforum.org/agenda/2023/02/friendshoring-global-trade-buzzwords/