Collaborative robots offer future to SMEs

WITH a competitive business environment and unpredictable economy, small and medium sized enterprises (SMEs) in Singapore continue to face challenges in the form of manpower and cost constraints.

In fact, the recent 2016 SME Development Survey carried out by DP Information Group highlighted that 72% of SMEs identified manpower cost as their top challenge. The same survey also identified cost of materials or equipment and real estate as top issues for SMEs.

There is no doubt that in order to prosper, SMEs need to do more while spending less.