A $32 trillion trade shakeup

Here's today's Big Take.

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August 1, 2023

Cars lined up at the Port of Tangers in Morocco before being shipped to Europe. Photographer: Photograph by Imane Djamil for Bloomberg Markets

Read the story US-China tensions and Russia's invasion of Ukraine are leading companies to bring supply chains closer to home. A shift from fossil fuels is spurring demand for materials essential for electrification. Artificial intelligence is forcing employees to learn new skills so they won't be replaced. All these factors are coming together to rewire the $32 trillion spent a year in shipping goods and services.  Read The Big Take.

Listen to the podcast Bloomberg Markets magazine sent reporters all around the globe to see how global trade is changing. Bloomberg's Brendan Murray, Malcolm Scott and Jenny Leonard join to discuss what the new order of global trade looks like on the ground. Subscribe and listen on iHeart, Apple and Spotify.

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