16 May 2023
Freight News

Global Trade Data Shows Early Signs of ‘Reglobalization’

The global trading system is undergoing tectonic shifts that will reorient international supply chains for decades to come.

Blame two main forces. Companies spooked by pandemic shortages, price spikes and shipping disruptions are reducing reliances on a single factory or country. Meanwhile, governments — especially those in the U.S. and Europe — want to ensure access to key materials like semiconductors and rare-earth minerals in case the world trade splinters into geopolitical blocs.

The transformation that some are calling “reglobalization” will take years, and trade data is only beginning to offer clues about the scope of the changes, and who’s winning and losing.

Read more here.

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