The article discusses the struggles of many German small and medium-sized enterprises (SMEs), referred to as 'hidden champions,' in the face of unprecedented global competition, climate change, and political regulations. These companies, which form the backbone of Germany's strong economy, have often been overlooked in economic debates, despite their contributions to national prosperity. The Marquardt Group, a leading manufacturer in the switch industry, exemplifies such businesses that are now grappling with significant transformation challenges, particularly within the automotive sector.

The Marquardt Group is noted for its long history and success in the market, having played a role in the economic prosperity of Germany since its inception a century ago. However, the firm is now feeling the impact of structural changes in the automotive industry, which have been accelerated by advancements in technology and shifts in consumer demand. Although the company is willing to adapt and innovate, the rapid pace of change proves to be overwhelming, raising concerns about the future sustainability of these SMEs.

This situation highlights a broader issue within the German economy, where many SMEs are struggling to keep pace with transformative pressures that accompany globalization and technological advancement. The findings suggest that there is a pressing need for supportive policies and resources to assist these hidden champions in navigating the complexities of modern markets and remaining competitive on a global scale.