Company results surprisingly resilient in the face of multi-faceted challenges. The Industrial Technology Sector share prices have been badly affected over recent months, despite underlying company trading statements and recent annual results in March being mostly in line with expectations. The Ukraine invasion is the latest in a line of challenges that managements have had to overcome over the past two years. The greatest challenges for the sector and the wider economy have centred around the well-aired issues of supply chain disruptions, inflationary pressures, and labour shortages and – more recently – the jump in energy prices. Despite these headwinds, most company trading updates have been surprisingly resilient. Cost inflation has been building over the past year but has been mostly passed through to customers. Much depends on having flexible customer relations and responsive operations and supply base.