Lou-Rich Business Update: September 2022

2022-10-03T14:37:20+00:00September 26th, 2022|Lou-Rich Business Update, Uncategorized|

A “Good Time” was had by all at our 50th Anniversary Celebration on the 18th. We rented out our local County Fairgrounds in Albert Lea, MN where employee-owners, retirees, and families from the Innovance family of brands all got together to celebrate. The night included a musical performance by Country music artist Niko Moon,

Lou-Rich Business Update – July 2022

2022-07-27T12:58:35+00:00July 27th, 2022|Lou-Rich Business Update|

During the first and second weeks of Q3, Lou-Rich, like most businesses spends a good amount of time reviewing our key performance indicators for the first half of the year. This year it is fun to look back, review, and report out on them. Lou-Richs’ sales so far have exceeded expectations by 12.7%. That means

Lou-Rich Business Update – May 2022

2022-05-19T13:45:55+00:00May 19th, 2022|Lou-Rich Business Update|

We normally are not ones to boast here at Lou-Rich, but recently there are certainly lots of reasons to celebrate. We are currently continuing to celebrate our 50th year in business, we were recently named Large Manufacturer of the Year by the Minneapolis/St. Paul Business Journal, and the past two consecutive months have been overall

Lou-Rich Business Update – March 2022

2022-03-28T15:44:41+00:00March 28th, 2022|Lou-Rich Business Update|

This year Lou-Rich will reach a very significant milestone is our companies’ history; 50 years in business. One of the things engrained in the culture of the organization is never being satisfied with how things operate as they do today. Lou-Rich is full of people who start a lot of conversations with, “well, what if

Lou-Rich Business Update – January 2022

2022-01-26T15:12:10+00:00January 26th, 2022|Lou-Rich Business Update|

And just like that, it is 2022! What a year 2021 was. It feels like 2021 was a constant blur with all the challenges it presented us. Through all the challenges that came our way, our team persevered and had a great year, exceeding our budgeted overall sales goals. I want to thank all our

Lou-Rich Business Update – October 2021

2021-10-25T17:59:56+00:00October 25th, 2021|Lou-Rich Business Update|

Let me start by asking a simple question. Have you ever played the game Whack-A-Mole? You know, where you try your best to hit the pesky rodent when he unexpectedly pops out of a random hole? Well, that is sort of what life has become at Lou-Rich trying to navigate supply chain issues, escalating raw

Lou-Rich Business Update: June

2021-06-23T15:54:29+00:00June 21st, 2021|Lou-Rich Business Update|

Some Challenges Behind and Some New Ones Ahead As we already find ourselves halfway through 2021, thankfully life at Lou-Rich has returned to a level of normalcy comparable to early 2020. While some of our covid restrictions remain, many of them have been lifted. Mask mandates are no longer in our facilities. Customer and supplier

Lou-Rich Business Update: April

2021-04-29T13:26:43+00:00April 29th, 2021|Lou-Rich Business Update|

Lou-Rich recently held several Business Review meetings with some of our customers and the feedback was quite interesting. Most of them are doing quite well and they are seeing increased demands driving up both short-term and long-term forecasts. The industries represented include power generation, medical equipment, heavy industrial equipment, foodservice equipment, agriculture, and casting companies.

Lou-Rich Business Update: March

2021-04-29T13:29:58+00:00March 1st, 2021|Lou-Rich Business Update|

Now that we are a couple months into the new year, one thing has become very apparent. Companies that are nimble and able to shift and change with customer and market demands will come out ahead. We are living in a world of shrinking visibility to forecasts, coupled with incredible fluctuations in raw material pricing

Lou-Rich Business Update: December

2021-04-29T13:30:51+00:00December 16th, 2020|Lou-Rich Business Update|

Strong Finish As I look back at my first month as General Manager, I do not have to look far to be reminded how strong of a team we have here at Lou-Rich. 2020 has sure thrown its fair share of curve balls at us with supply chain challenges, pulling out of customer orders, pulling

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