Yes - Full guide here: https://feedarmy.com/kb/fixed-shopify-barcodes-gtin-not-showing-in-google-merchant-center/
There is no effect on Taxonomy
Previously when you entered a barcode for a product in shopify then it automatically set the custom product indicator to “no” and the barcode would feed through as a “GTIN” in the Google Feed. Now filling in a barcode leaves the custom product unset and you have to set that to “no” yourself using the guide above.
I farrrrrr prefered the old way