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2 in 3 SMEs see a risk of failure in next 3-5 years

Amex survey of 151 CFOs also reveals that lean resources hinder their ability to innovate

Amex executive Nigel Fox says with the slowing economy, intense competition and tight manpower; innovation is key for Singapore SMEs.


OVER two-thirds of SME chief financial officers (CFOs) say they face a moderate to significant risk of failure in the next three to five years, according to the American Express CFO Future Proofing Survey.

Of the 151 respondents, 67 per cent acknowledged a risk of failure...

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