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Globe With Meridians

Unit 6 - Global Risks & Resilience

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Deciduous Tree

Option A - Freshwater – Drainage basins

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Magnifying Glass Tilted Left

Option B - Oceans & Coastal Margins

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ringed-planet

Option C - Extreme Environments

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Rocket

Option D - Geophysical Hazards

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Performing Arts

Option E - Leisure, Tourism & Sport

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Flexed Biceps

Option F - The Geography Of Food & Health

Option G - Urban Environments

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Office Building

Unit 1 - Changing Population

UNIT 2 - Global Climate - Vulnerability & Resilience

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Globe Showing Europe Africa

Unit 3 - Global Resource Consumption & Security

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Mobile Phone

Unit 4 - Power, Places & Networks

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Factory

Unit 5 - Human Development & Diversity

Did you know companies are moving back home? This shift is called &quot;reshoring&quot;. Now, why would they do that? Let&#39;s get into it!

<ul>
	<li>
	1970s &amp; 80s: Companies in high-income countries (HICs) packed their bags and moved manufacturing to low-income countries (LICs). Cheaper labour = more profit. 🌍
	</li>
	<li>
	Fast forward to now: Labour isn&#39;t so cheap anymore in LICs, plus other issues are cropping up - people are worried about where their goods come from, working conditions in LICs, delayed deliveries, and rising unemployment back home.
	</li>
</ul>

Think about a boomerang. Companies are coming back and could bring &pound;15.3 billion and 315,000 jobs back to the UK, according to EY.

Ever ordered a bathroom fixture online and had to wait for weeks? Bathrooms.com has you covered. By investing &pound;2.5 million in the UK Midlands, they&#39;re now able to manufacture 25% of their products locally and get it to you quicker.

<ul>
	<li>It directly affects output, GDP and employment. 💼</li>
	<li>It also indirectly impacts these through the supply chain. 🔄</li>
	<li>And don&#39;t forget the multiplier effects - when those employees go out and spend their earnings, boosting demand for services. 💰</li>
</ul>

Picture a giant brain made up of people from all over the world, connected via the internet. This is crowdsourcing, a super-powerful tool to get ideas, services, finances, and information.

Crowdsourcing is like a web, connecting people across the globe and forming a network of knowledge and experience. Wikipedia, your go-to source for all things random (and study-related), is a great example. 🕸️

Ever thought about reinventing the toilet? Well, Bill and Melinda Gates did! They introduced the &quot;Reinventing the Toilet Challenge&quot;. Result? A solar-powered system that could break down waste and water into fertilizer and hydrogen. 💩➡️🌻

&nbsp;

So remember, while reshoring brings industries and jobs back home, crowdsourcing is making the world your oyster (or your team, in this case). Both strategies are making us more resilient, one step at a time!

Unlock The Power Of Reshoring & Crowdsourcing For Economic Resilience

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Higher Level

Geography HL

Unit 6 - Global Risks & Resilience

Unlock The Power Of Reshoring & Crowdsourcing For Economic Resilience

Table of content

Reshoring of economic activity by TNCs

The journey of reshoring

Benefits of reshoring

Real-world example

Unlock the Full Content!

Unit 6 - Global Risks & Resilience

Unlock The Power Of Reshoring & Crowdsourcing For Economic Resilience

Table of content

Reshoring of economic activity by TNCs

The journey of reshoring

Benefits of reshoring

Real-world example

Unlock the Full Content!