All Supply Chain Updates are authored by Kevin Reed May 2022 SUPPLY CHAIN UPDATE Copper had held steady for most of April. In fact, last month Goldman (one of the largest investment banks) was expecting a new record high for copper costs by June. Warehouses were near empty globally and it was looking like a […]
By: Kevin Reed, Director of Purchasing, Analytics & Strategic Growth Opportunities, Paramont EO The cost of metals continues to rise While the price of many raw metals has not increased all that much, yet, most manufacturers are still pushing up their costs on their pricing bases due to increased costs of freight and anticipated supply […]
With strict new sanctions on Russia, some important facts that will affect our industry directly are outlined below. Combined, Russia and Ukraine lead the global production of metals such as nickel, copper, and iron. Neither country will be able to keep capacity if they are mired in war. With metals making up a large part […]
As a true partner with electrical contractors, it is our responsibility to educate our clients about new products and technologies. Our goal is to provide insight that will empower electrical contractors so they will have more options, opportunities and projects. This knowledge sharing underscores the fact that Paramont EO is more than a full-service electrical […]
When it comes to electrical jobs, every hour that an electrical contractor can save goes straight to profits. Material handling accounts for 40% of the labor on a job – so let’s start there. If you break it down in plain speak, “material handling” means ordering the items. Then, it means waiting for the items. […]
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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 […]
Supply Chain Updates 
