Congratulations, LORD Corporation!
Above: LORD Corporation CEO, Ed Auslander, announces $1 billion in sales.
At Corevist, nothing gives us more pride than watching our clients succeed. We’re delighted to learn that our client, LORD Corporation, has passed $1 billion in sales. This is no small feat. The challenges facing manufacturers in the digital age are incredibly complex. When we see a company like LORD Corporation growing sustainably, we’re delighted to support that growth with the SAP-integrated ecommerce solution which we provide.
In this post, we’ll take a moment to celebrate LORD Corporation’s success and the role we play in the company’s booming business.
LORD’s growth, revenue, and continuing investments
LORD Corporation is a leading manufacturer of adhesives, coatings, motion management devices, and sensing technologies serving industries like Aerospace & Defense, Automotive, Electronics, Oil & Gas, and more. LORD Corporation has demonstrated sustainable growth over the last few years, with growth forecasted for 2019 as well.
- $1 billion in sales for 2018
- 10% growth in 2017
- 10% growth in 2018
- 6% growth forecast for 2019
As CEO Ed Auslander shared in the company’s press release, LORD Corporation also made significant investments in 2018:
- An $80 million investment to expand the company’s facility in Saegertown, PA
- Opening a $12 million state-of-the-art manufacturing facility in Pont de l’Isère, France.
LORD’s growth and investments demonstrate the company’s commitment to serving its industries with critical technologies. One critical piece of that puzzle is LORD’s ordering process. How do customers from diverse industries actually buy from LORD?
That’s where we come in.
LORD’s customer base switching to Corevist
Our solution, Corevist Commerce, gives LORD’s customers real-time data from SAP for inventory availability, contract pricing, and more. This allows LORD’s customers to build and place orders on their own time, without having to call customer service. It also makes LORD Corporation more efficient in their backend processes, as accurate, reliable self-service ordering can replace costly phone calls to customer service.
So how are LORD’s customers reacting to ecommerce? Are they on board? Here are the numbers, comparing LORD’s 2018 ecommerce traffic to the previous year:
- 24.06% increase in users.
- 24.78% increase in new users.
- 27.31% increase in sessions.
- 9.99% increase in average session duration.
Clearly, LORD is succeeding at driving ecommerce adoption. To our friends at LORD Corporation—here’s to your past success in 2018, and to many years of success to come! Thank you for letting us serve you. We’re delighted to see your customer base increasingly transitioning to ecommerce.
Moving forward: FREE case study
Wondering how LORD Corporation got started with Corevist? Download this FREE case study. You’ll learn about the sunsetting of LORD’s old ecommerce platform, the company’s search for a new platform, and the solution they found in Corevist Commerce.