Story perspectives

Rising Costs Challenge Business Owners Amid Kskin Expansion

1/11/2026

Summary

Story summary

A KPMG and Singapore Institute of Directors survey of 1,000 business owners and professionals finds rising costs as the biggest challenge.
The survey identifies higher tariffs and supply chain issues as the next most significant concerns.
Kskin skincare chain expanded internationally in 2023 to Malaysia, the Philippines, and the United States.
Tariffs have raised equipment and product costs for Kskin, squeezing profit margins, especially at its Georgia location.

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Story summary

A KPMG and Singapore Institute of Directors survey of 1,000 business owners and professionals finds rising costs as the biggest challenge.
The survey identifies higher tariffs and supply chain issues as the next most significant concerns.
Kskin skincare chain expanded internationally in 2023 to Malaysia, the Philippines, and the United States.
Tariffs have raised equipment and product costs for Kskin, squeezing profit margins, especially at its Georgia location.