Yes. If you go back to January—and I don't have the January report in front of me—before the war, we were starting to see some beginnings of easing of these supply chain disruptions. I would say that they were somewhat tentative, but if you looked at shipping delays, for example, they'd certainly peaked and they were starting to get through. On computer chips, for example, we were seeing some evidence that supply was improving. You saw some rebound in our own car production as they got the chips that they needed.
I would say that things were not improving perhaps as rapidly as we might have hoped, but they were starting to improve.
The war has certainly been a new setback. It is causing, particularly in Europe, some new supply chain disruptions. Certain key components of the supply chain that are produced in Ukraine—or Russia, for that matter, but more Ukraine—for example, neon, are not available now.
I think that what is more significant, certainly for Canada, is that global shipping is being disrupted.
Then, the other element I would highlight is what new outbreaks of COVID and new lockdowns in China are causing. The Port of Shanghai is very backed up at the moment.
So war and COVID continue to disrupt supply chains. We do expect, as we get into the second half of the year, that these things will work their way out. However, yes, there is considerable uncertainty about these supply chains, and unfortunately that's not going away soon.