Small and mid-sized electronics manufacturers in the UK are facing a ‘silent killer’ as new figures show profitability has dropped, despite strong sales.

The latest analysis indicates that UK electronics and telecommunications manufacturers are entering the new year on robust ground, having experienced an uptick in profitability during the festive 'Golden' Christmas quarter.

A recent report reveals that manufacturers in the electronics, telecoms, and electrical sectors are experiencing significant challenges due to component and skills shortages.

Industry data reveals businesses in the electronics industry are holding 90% more stock compared to pre-pandemic levels as the world’s supply chain woes take on a new form.