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SME OUTLOOK

Looking ahead to 2018

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This year has been a mixed bag for small and mediumsized enterprises (SMEs) in Singapore; the economy seems to be on a steady upward trend, but challenges still abound for businesses.

Uncertainty in the international front, the rise of e-commerce giants that challenge brick-and-mortar stores, and a possible dip in demand from China, are all reasons for concern. With the rate of change happening faster than ever before, SMEs can ill-afford to remain where they are.

To stay ahead of the pack, businesses need a sound strategy to build capability, go digital and expand overseas.

In this series, we talk to several forward-looking SMEs which are planning ahead for the future in order to make sure that they are able to capitalise on opportunities that come their way in 2018. Being small is no obstacle to them as they navigate their way forward with agility and boldness.

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