While Electrolux has invested heavily in its North American plants, CEO Jonas Samuelson told analysts on a call that the pandemic and component shortages had delayed the ramp-up of local production. Costs "So far, focus has been almost exclusively on getting the output up at any cost.... Now we have to flip into much more of a cost productivity perspective, both in the supply chain side and in our own manufacturing." In Europe, Samuelson said, Electrolux expected customers to continue to delay purchases. "For as long as we see consumer confidence at these very low levels in combination with very high general inflation ... people will hold on to their wallets quite hard," he said. Shares in Electrolux, whose brands include Frigidaire, fell as much as 7% and were down 1% on Monday, leaving them 42% lower so far in 2022. Electrolux said it would detail cost reduction targets and restructuring costs in its third-quarter report due October 28. Reuters