Why the logic of trade must change
For decades, globalisation rested on a comfortable assumption: goods would flow. Oil through Hormuz, containers through Suez, grain across the Black Sea and semiconductors out of East Asia. The system was imperfect but efficient, rewarding speed, scale and the cheapest route. That era is not ending
AI Translated Summary:
The traditional logic of global trade, which prioritized efficiency and cost-effectiveness, is being challenged by emerging geopolitical tensions and supply chain vulnerabilities. As nations reassess their dependencies, a shift towards more localized and secure trade practices is becoming necessary.
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