How Can Singapore SMEs Transform Their Operations?

With the Singapore Government introducing initiatives to enhance the existing working capital loan and raise the risk quantum shared by the government, a hot button issue has emerged around how small and medium enterprises (SMEs) can tap on these to innovate their operations and increase productivity.

Considering that SMEs provide 7 out of 10 jobs to Singaporeans and contribute to nearly half of the nation’s gross domestic product, it is crucial for such businesses to not just keep up with digital disruption, but scale up too.

Yet, without significant budgets to recruit the best people and needed expertise to tackle digital disruptions, where do SMEs even start?

Vincent Low, Director and General Manager, Business Imaging Solutions, Canon Singapore tells HRM Asia two potential areas where SMEs can equip their existing workforce with the necessary skills for effective innovation.  

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