Chart of the Day: Over half of logistics SMEs expect negative outlook

They are anticipating more challenges on operating capital in the next six to 12 months.

This chart from Experian shows that 67% of SMEs under the transport/storage sector are expecting a worse business environment in the next 12 months, registering the highest percentage with such sentiment amongst industries.

This is followed by the hospitality/F&B sector at 60%, wholesale sector at 57%, and retail sector at 50%. Domestic facing sectors have been impacted by travel restrictions implemented in the wake of the outbreak, leading to waning numbers in tourist arrivals.

Meanwhile, a majority of SMEs in the manufacturing industry (74%), transport/storage (73%), hospitality/F&B (70%) and retail (70%) indicated potential challenges with operating capital in the next six to 12 months.

Half of the services sector (50%), followed by manufacturing (48%), hospitality/F&B (47%) and transport/storage (47%), expressed plans to apply for the credit measures introduced as part of the three supporting budgets.