Amid manpower crunch, SMEs should invest in upskilling to thrive: business leaders
Renald Yeo
WITH manpower woes ranking high among the concerns of many small and medium-sized enterprises (SMEs) in Singapore, upskilling efforts are key to bridging the gap, said business leaders.
This is especially true as technology continues to revolutionise the way businesses are run and customers are served, disrupting the status quo, said Koren Wines, managing director of Asia at Xero.
The Covid-19 pandemic “saw SMEs accelerate their digital journey and implement new solutions to adjust to changing commercial conditions”, she noted.
TRENDING NOW
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee