Challenges faced by businesses during upgrading or transforming Singapore 2020

Published by
R. Hirschmann,
May 29, 2024
48 percent of businesses surveyed in Singapore in August 2020 cited the uncertainty of demand for their products or services as the leading challenge faced in their transformation or upgrades planned for the future. Large businesses or enterprises stated lack of employees and operational issues substantially more compared to small and medium enterprises (SME).

Business sentiments regarding challenges faced during upgrading or transforming in Singapore as of August 2020

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Release date

August 2020

Region

Singapore

Survey time period

August 7 to 21, 2020

Number of respondents

225 respondents

Special properties

among businesses and enterprises in Singapore

Supplementary notes

The survey question was: "What are the some of the challenges your company faced/is facing in upgrading and transforming?"

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