There are a couple of things. In some of the areas, specifically semiconductors, our neighbours to the south have done a great job of reshoring, and a lot of that capacity will come on board in the next couple of years. That will help in the automotive sector. The U.S. has been very aggressive in bringing integrated circuit manufacturers back to the U.S., and other countries have done the same. We think the pandemic effects will lessen. That's the other piece, some of those supply chain bottlenecks will be relieved. But even then, out to 2024 means that it has taken us a lot longer to come back. The recovery hasn't really happened overall in our industrial output. It's been slow because of all these headwinds.
On May 5th, 2022. See this statement in context.