The issue is that there was an item added to the game called "Herbs" which v5.3 is looking for, you can manually added it in to your save by save editing it.
1.) Finding your save file (ex. autosave.sav) :
C:\Users\(Username)\AppData\Roaming\Strive for Power 2\saves
2.) Use a .sav editor, online or app
Quick google search of ".save editor"
3.) When editing the save, locate the list of materials close to the bottom of the file:
Use Ctrl + F and search "materials": {
4.) Add in "herbs": 0, between "grain" and "ice_crystal" like so:
"grain": 5297,
"herbs": 0,
"ice_crystal": 7,
5.) Repeat step 3 - 4 but search using "oldmaterials": {Once you're done your crafting should work just fine again, hope this helps!
For future updates, it may be similar issues of added materials and such therefore just compare a new save to your old save in terms of materials.