ED 47: January-February 2013
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20<br />
Co m m E n ta r y<br />
Logistics as<br />
a gateway to<br />
the worLd<br />
Bringing value to small and<br />
medium enterprises<br />
Ja n | FE b <strong>2013</strong><br />
En t r E p r E n E u r s’ Di g E s t<br />
Small and medium-sized enterprises<br />
(SMEs) occupy an important position in<br />
Singapore’s economy in terms of their<br />
contribution to the country’s industrial<br />
development, exports, employment and creation<br />
of an entrepreneurial base. They account for more<br />
than 50 per cent of GDP and about 70 per cent of<br />
employment.<br />
The durability of the SME sector means that business<br />
confidence amongst SMEs is high. In the wake of<br />
uncertain domestic demand, small business owners<br />
are increasingly exploring new ways of selling their<br />
products and services overseas. There is strong<br />
evidence that going global generates lucrative<br />
growth opportunities, and that SMEs engaged<br />
in international trading are reaping the benefits.<br />
However, doing business outside of Singapore can<br />
present certain logistical challenges.
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