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Europe’s Factories See Easing Supply Strains, but Omicron Threatens Fresh Setbacks
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European factories reported a further easing of supply-chain problems and associated cost increases as 2021 drew to a close, although the rapid spread of Omicron around the world threatens to worsen shortages of labor and supplies.
Factories around the world have faced shortages since the end of 2020. A surge in demand for goods such as laptops and bicycles took many by surprise at a time when shipping and other parts of the logistics network were in disarray.
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