Ingo, can I start with you? What sort of services are actually involved when we talk about supply chain resilience? And what might their roles be in delivering either supply chain diversification or strengthening trade resilience?

Thank you very much, Chris, for the kind introduction and for a great question, which I think sets us off very nicely in scoping this quite complex issue.

It's useful to perhaps distinguish two categories of services.

On the one hand, services directly embodied in goods and manufacturing value chains.

And on the other hand, services that coordinate the international fragmentation of production.

And in the first group, you have the typical business services.

You already named some of them.

And, you know, that's where the resilience is coming from.