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By Kevin Reed, Director of Purchasing, Analytics & Strategic Growth Opportunities In 2021 the Struggle Was Real To say 2021 was a challenging year, would be an understatement. We witnessed a dizzying array of unprecedented electrical supply chain disruptions from manufacturing shutdowns and slowdowns to Port and Border closures. The result was that sourcing of […]
When it comes to improving profitability for electrical contractors, minimizing downtime and reducing time spent checking to see if a delivery has arrived can add up to significant savings. That’s why Paramont EO invested in a state-of-the-art delivery notification system in 2019. The family-owned, full-service supply and logistics problem-solver helps commercial contractors maximize profit by […]
As I watched the roof on our family-owned warehouse collapse, several thoughts ran through my mind. From the parking lot, I asked one of the firefighters if I could quickly run into our building and retrieve the servers that ran our computer network and critical business systems. He said the remaining piece of the roof […]
Ken Gallagher listens. Based on feedback from the last 10 years, the CEO of Paramont EO has turned an electrical distributor into a full-service supply and logistics problem-solver that helps electrical contractors maximize their profit. Today, the distributor offers more than 50 time-saving services that help electrical contractors save time and money. But one of […]
Contractors work on slim margins. An electrical contractor’s average profit margin before taxes is just 6%, according to a Risk Management Associates report. For a profession that carries ample amounts of risk, single digits don’t seem sufficient. That’s why Paramont EO, an electrical distributor in Chicago, Illinois, offers an array of services, supplies and logistics […]
Paramont EO’s Director of Accounts Receivable, Norm Cowie (CCE), is a regular contributor to the National Association of Credit Management (NACM) organization and writes a column called “Illinois Construction Stuff and Stuff” for their periodical. As an author and active member of the group, Norm has helped formulate and re-write Illinois lien laws and networks […]
By Kevin Reed I have heard the term “Copper Crash” being thrown around, as in “What am I paying now, with the copper crash”. Copper, while a tad bit cheaper now, never crashed. Futures in May 2021 were the highest anyone has ever seen. At that time, CU climbed to its highest value per pound […]
Since the inception of Paramont-EO (from the merger of Paramont ES with Evergreen Supply) over a decade ago, we have managed to achieve “Platinum” status with IMARK Electrical, the largest distribution organization in the US Electrical industry, every single year. So, what’s the big deal in that? We’re glad you asked! When you partner with […]
by Kevin Reed It was Benjamin Franklin that famously said, “By Failing to prepare, you are preparing to fail.” Truer words cannot be spoken right now, with all of these supply chain issues and surging prices on most everything you need for your project. Now, more than ever, you should be planning ahead. Instead of […]
