Why Legacy Businesses Must Innovate to Survive | Ep. 105 [Tariq Miflal]

What does it take to transform a 50-year-old family business into a future-ready mobility company? In this episode of Industry Ignited, Dr. Leeanne Aguilar sits down with Tariq Miflal, CEO of Lumala, to explore how a third-generation manufacturing business is evolving from traditional bicycles into e-bikes, cargo bikes, electric mobility solutions, and new sustainable business models. Tariq shares lessons from leading through disruption, earning the trust of long-time employees, understanding customers firsthand, and choosing profitability over competing in a race to the bottom. From automation and data-driven manufacturing to sustainability, global expansion, and battery-swapping technology, this conversation offers valuable insights for leaders navigating transformation while preserving the strengths of a legacy business. 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐈𝐠𝐧𝐢𝐭𝐞𝐝 https://industryignited.com/ 𝐈𝐧𝐬𝐭𝐚𝐠𝐫𝐚𝐦 https://www.instagram.com/industryignited/ 𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤 https://www.facebook.com/industryignited/ 𝐋𝐢𝐧𝐤𝐞𝐝𝐈𝐧 https://www.linkedin.com/company/industry-ignited 𝐒𝐩𝐨𝐭𝐢𝐟𝐲 https://open.spotify.com/show/3TX1L5LPr4lt1UtcSpSvlN?si=7037433a58c54162 𝐀𝐩𝐩𝐥𝐞 𝐏𝐨𝐝𝐜𝐚𝐬𝐭 https://podcasts.apple.com/us/podcast/industry-ignited-podcast/id1824619671 𝐓𝐚𝐫𝐢𝐪 𝐌𝐢𝐟𝐥𝐚𝐥 https://www.linkedin.com/in/tariq-miflal-9a55a535/ https://www.linkedin.com/company/lumala-bicycle/ #podcast #podcastinterview #podcasts #podcastclips #podcastlife #industryignited #drleeanneaguilar #innovation #technology #manufacturing #electricvehicle