The Future is Bright
It is a very exciting time here at Regal. We are ramping up for our pending merger with Rexnord and the future looks bright. For more information on the pending merger, view the latest press release regarding the recent shareholder vote. We will be communicating more on the merger in the coming weeks.
We’d also like to extend a big thank you to everyone we asked to complete the annual survey. We appreciate the responses of those who took the time to take it. Your opinion helps us ignite positive improvements and tells us where to continue investing our resources.
In your feedback you told us how valuable product availability, quick responsiveness and customer service is to you. Our goal is to improve in these areas and be best in class. We are persistently working to enhance processes, procedures and our supply chain to deliver you the products and information you need, when you need it.
Currently, global supply chain issues continue to impact our business. We’re taking many actions including localizing supply chains as well as insourcing and outsourcing where possible to improve availability.
To help you identify potential replacement parts for items with longer lead times, we recently launched our Replacement Product Cross Reference Tool. We also recently introduced our Tag-It and Condition Monitoring Programs powered by Perceptiv™ intelligence! These programs help customers know what assets they have and what those assets are doing to help them prepare before unplanned downtime is a serious problem.
Your input also confirmed your appreciation for our innovative products, high quality and engaging customer care teams. Thank you for these positive comments. We are perpetually inspired to develop new engineered solutions, high performance products and nurture a culture where employees can help you be successful.
Our newly launched end-to-end optimized electromechanical industrial powertrain utilizes Regal-produced products engineered to meet specific application requirements for endless potential. Regal will help customers design, assemble and commission their powertrains, and enhance performance with internet of things (IoT) monitoring via our Perceptiv™ intelligence platform.
In addition, we’ve introduced several new products to serve a wide variety of industries and applications. Take a moment to learn more about our New Products that Make it Easy. You can also listen to one of our many podcasts, such as “How Hardware, Software and ‘Humanware’ Can Increase Efficiency” or learn more about bearing wear in the episode, “A Closer Look At Bearing Wear”.
We are focused on delivering you tremendous value every day based on your feedback and we welcome your input. Please reach out to your primary point of contact to let us know how we are doing. In the meantime, we will continue to provide you with updates on our progress.
Please continue to stay safe.
President, Regal Power Transmission Solutions