ers here and you would be surprised to know that 99% of the island’s economy actually thrives on local SMEs.These SMEs became the core reason for the country’s survival during the immense business crunch brought on by the COVID-19 pandemic. These businesses are still the reason why the economy is still standing strong in a post-pandemic era when most economies are suffering from the aftershocks of the economic distress followed by a volatile market after the pandemic.
Any local enterprise that has an annual turnover less than SGD 250 million or less than 200 employees is considered an SME. These SMEs strategized and pivoted throughout the pandemic for their survival, they relied on support from the government, friends and family to get through the unstable market.
Pan Pac worked towards adding quick financing solutions and no fuss vehicle maintenance policies. This enabled these small businesses to save time spent on worrying about vehicles and deliveries and focus more on their operations and other valuable tasks.