Supply Woes Start to Ease in Europe, but Businesses’ Costs Surge

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European businesses are seeing some easing in the delays they face getting hold of parts and raw materials, but supply-chain blockages pushed their costs higher, driving them to raise prices at record pace and fueling inflationary pressures.

Factories around the world have faced shortages since the end of last year, when 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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