how much do you worry that the drag from this pandemic will be much longer than anyone predicted? >> you hit the nail on the head. you're talking about countries with their economy tied to tourism. those tend to be emerging market countries, many of them. those are the countries with lower vaccine rates. in some cases they haven't been able to get the vaccine. in some populations they haven't taken it as readily. either way this isn't goods for travel and you're probably going to be -- if we're in sort of the situation we were at the spread of the delta variant with omicron, you're going to be seeing cancellations. travel is a huge instrument. it affects retail. it affects restaurants. it affects construction. so that could have a really big knock-on effect for sure. on the up side, i will say the latest u.s. jobs report did have stronger logistics jobs, manufacturing. you're starting to see some of that regionalization we thought