STABILITY We strive to be able to feel stable and secure. Savings, pension funds, insurance - we do our best, believing that when worse times come, we will not be left out in the cold. The events of the last two years have clearly proven that nothing is certain and the world does not guarantee anything that lasts forever. None of us expected that the things around us, defined as commonplace, would suddenly become a privilege, and that is exactly what happened... The crisis has also shaken the global economy, further demonstrating how interdependent its components are. The collapse of one element of a chain shatters its integral whole and causes the other element s dependent on it to s top functioning as well. The most striking example of economic interdependence in global terms is the shortage of goods in Europe caused by pandemic production cuts in Asia, or the delivery delays associated with the recent blockade of the Suez Canal. Few would have
6 | Autumn 2021 | MAEM Values
thought to see empty supermarket shelves these days. In order to ensure safety, even in unpredictable situations, it is crucial to select business partners who guarantee continuity of supply. This applies both to production companies, such as MAEM, but also to end users of manufactured spare parts. MAEM, thanks to its restrictive supplier selection policy, has proved to be a stable partner for its contractors. By basing our purchasing policy on local suppliers and long-term contracts, we have managed to survive the most difficult period of the pandemic collapse almost unscathed. During the most difficult time of the collapse, we managed to help hundreds of vessels that were being serviced on a daily basis by our competitors. Stability cannot be bought. It is the result of deliberate actions and cons i s tent adherence to e s tab li s he d principles.
