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Europe at risk of deindustrialization as high energy rates bite

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Supply chain risk

 

The worsening energy crisis is forcing European companies to reduce or suspend production and move production to other markets such as the U.S., raising risk of deindustrialization in Europe, Xinhua reported. The energy crisis has forced many energy-intensive businesses like chemical, metal and paper manufacturers, to suspend production, resulting in supply chain disruptions.

 

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