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Shocks to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to stifle Asia’s trade-led recovery and making it harder for businesses grappling with soaring freight costs to weather another year like 2020.

Shortages of consumer goods like paper towels and work-from-home gear early in the COVID-19 crisis have given way to parts shortfalls in one of the most globally integrated of industries: auto manufacturing.

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