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Supply Chain

In addition to product availability issues, spare parts shortages, and elevated fuel expenses, construction companies are also contending with supply constraints with building materials and staff shortages due to COVID.

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Global EV Sales Up 63% in 2022; China Sees Largest Growth in World

The latest research from global technology market analyst Canalys reveals 4.2 million electric vehicles (EVs) were sold worldwide in the first half of 2022, up 63% on the first half of 2021. China leads the world in EV market growth, while Europe and the U.S. struggle with supply strains.

BMW Group Doubles EV Sales in First Half of 2022

Compared with the first half of 2021, the strongest in the company’s history, sales decreased by 13.3%. Across all industries, growth this year continues to be impacted by the geopolitical situation in Eastern Europe, the intermittent Covid lockdowns in China and persistent semiconductor availability.

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