Small and medium-sized manufacturers are continuing to bounce back from the pandemic, despite experiencing significant supply chain and recruitment struggles. The latest Manufacturing Barometer, which surveyed more than 400 SMEs across the UK, shows that nearly two thirds (64%) of companies are expecting to grow over the next six months and 52% plan to invest in capital equipment and manufacturing.
For the first time in over a year, the report also revealed that more firms are trading at higher levels than before Covid-19, highlighting the resurgence in fortunes since lockdown eased. This encouraging data was set against a backdrop of disruption, with 60% of respondents stating that staff are having to spend additional time liaising with suppliers and, despite growing sales, just over half are having to increase product prices to recover some of their additional costs.
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