In a recent CNA News Tonight segment on meWATCH, Founder Ching Hwee, representing ASME as Sustainability Chair, shared timely insights on how rising energy prices are affecting SMEs in Singapore. As energy costs continue to climb, many small and medium enterprises are feeling the strain on their operating expenses, especially those that rely heavily on electricity for daily operations such as manufacturing, logistics, and IT infrastructure.
Ching Hwee highlighted that for many SMEs, energy is no longer just a fixed overhead but a growing and unpredictable cost factor that directly impacts margins. With limited resources compared to larger corporations, SMEs often have less flexibility to absorb sudden price increases or invest immediately in energy-efficient alternatives. This creates added pressure on business sustainability and long-term planning.
He emphasised the importance of being proactive. SMEs should start reviewing their energy usage, exploring more efficient technologies, and considering longer-term strategies such as upgrading to energy-saving equipment or optimising their IT infrastructure. Planning ahead, rather than reacting to price spikes, can help businesses better manage costs and remain competitive.
Ching Hwee also pointed out that awareness and education are key. Many SMEs may not fully understand where their energy inefficiencies lie, and taking the first step to assess and optimise consumption can make a meaningful difference.His perspective reflects a broader call for SMEs to adapt early, build resilience, and make smarter operational decisions in the face of ongoing energy cost challenges.
