Consolidation ahead as SMEs look to increase efficiency

WITH growth expected to slow down this year, SMEs are expressing concerns over tightening sales and profits. In a recent survey carried out by credit reporting agency CTOS, it is found that small businesses have indicated that maintaining sales and profit margins are the primary concerns for the sector. This sentiment is carried across the board, throughout the distributing, manufacturing, construction and financial industries. Meanwhile, concern on acquiring new customers is ranked lower.

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