Touch tech maker Zytronic says it continues to feel the impact of global supply chain issues that are creating a shortage of certain components.
In a short update to investors ahead of its annual general meeting, the Tyneside-based firm said its average monthly order intake was at levels similar to in the second half of its 2022 financial year. The shortage of components was forcing it to buy materials on the "grey market" at a higher price or cannibalise existing finished stock.
The manufacturer has previously said its research and development work has focussed on adapting to global semiconductor chip shortages. Despite the headwinds, Zytronic said its pipeline of opportunities had increased to 505 with a "customer projected lifetime value" of £61m - evidence, the firm said, of improving medium term prospects.
