Our sector continues to navigate one of its most challenging periods. Following the COVID-19 Pandemic, which will leave a lasting effect on our sector’s competitiveness, companies are now faced with the reality of war on the European continent.

The invasion of Ukraine by Russia, in a post-pandemic world, is creating unforeseen economic consequences for manufacturers. In addition, companies are also managing the twin transition to a greener and more digital economy, spiralling inflation, particularly energy costs, acute labour shortages, a lack of raw materials and in some cases severe supply chain disruption.