Talent shortage plagues Singapore's publishing industry

Finding talented and quality staff is the biggest challenge bosses in Singapore's publishing industry are facing today.

Following reports that bosses in Singapore are "extremely" worried about talent shortage, a study by media agency OMD highlighted "finding the right staff" was the biggest barrier (67%) preventing local publishing firms from expanding their business.

While 89% of respondents stated that they have an in-house technology team, a lack of talent to handle digital media platforms was also highlighted as a concern in the report.

The survey stressed on the need for firms to pay attention to such talent shortages, especially with 72% of respondents stating they are looking to expand their brand overseas.

Other challenges Singaporean publishers reported included rental costs(44%) and a small local market.

One third of publishers also said they face cashflow problems, particularly regarding overseas suppliers.

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