UNINTERRUPTED SUPPLY: The Principals Behind 40 Years at Altech's Helm. (cover story)

BUSINESS cycles; BUSINESS success; COVID-19 pandemic; LEADERSHIP; LABOR market

Altech Corporation, a family-run business specializing in industrial control components and instrumentation, has successfully navigated challenges and remained resilient over its 40-year history. Founded in 1984 by Heinz Meise, the company initially focused on sourcing spare parts for European equipment in the United States. Mario Meise, Heinz's son, took over as president at the age of 27 and has been involved in every aspect of the business. The company has faced and overcome challenges such as the Great Recession and the COVID-19 pandemic, demonstrating its adaptability and commitment to its employees. Altech emphasizes the importance of empathy in leadership and has implemented measures to support its employees during difficult times. The company also prioritizes inventory management and strategic decision-making to maintain business continuity. Altech's small size allows it to react quickly to market needs and disruptions. The company invests in people and processes, adheres to standards and certifications, and collects and analyzes intelligence to address vulnerabilities. Altech recognizes the value of its employees and maintains foundational values while remaining open to change. [Extracted from the article]

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