If I have two projectors $\pi_1, \pi_2$ such that for some $|{\phi}\rangle$:
$\langle {\phi}| \pi_1 |{\phi}\rangle \geq e$ and $\langle {\phi}| \pi_2 | {\phi}\rangle \geq e$
What can I conclude about the following quantity?
$\langle {\phi} | \pi_1 \pi_2 |{\phi}\rangle$
Is it also $\geq e$?
Based on those relations there's nothing more that you can conclude. Consider the two extremes.
At one extreme $\pi_1$ and $\pi_2$ project onto the same subspace, in which case: $$\langle {\phi} | \pi_1 \pi_2 |{\phi}\rangle = \langle {\phi} | \pi_1 |{\phi}\rangle = \langle {\phi} | \pi_2 |{\phi}\rangle \ge e, \;\; \pi_1=\pi_2=\pi_1 \pi_2.$$
At the other extreme $\pi_1$ and $\pi_2$ project onto perpendicular subspaces, in which case $$\langle {\phi} | \pi_1 \pi_2 |{\phi}\rangle = 0, \;\; \pi_1 \pi_2 = 0.$$
Based on the stated relationships, the projectors could exist anywhere between and including these two extremes. If $e>0$, you could at least say that $\vert \phi \rangle$ is not perpendicular to either the $\pi_1$ or $\pi_2$ subspaces, but that alone still doesn't tell you any more about the value of $\langle {\phi} | \pi_1 \pi_2 |{\phi}\rangle$.
EDIT: DaftWullie's answer makes an important point that I missed. If $e>\frac{1}{\sqrt{2}}$ (with $\vert \phi \rangle$ normalized), $\pi_1$ and $\pi_2$ cannot be orthogonal projectors, in which case $e$ imposes the lower bound $2e^2-1$.
Let's assume $$ \pi_i|\phi\rangle=e_i|\phi\rangle+\sqrt{1-e_i^2}|\phi_i^\perp\rangle, $$ where $\langle\phi|\phi_i^\perp\rangle=0$ and, for simplicity, let's assume the $e_i$ are real. We can immediately expand $$ \langle\phi|\pi_1\pi_2|\phi\rangle=\left(f_1\langle\phi|+\sqrt{1-f_1^2}\langle\phi_1^\perp|\right)\left(f_2|\phi\rangle+\sqrt{1-f_2^2}|\phi_2^\perp\rangle\right) $$ This simplifies to $$ f_1f_2+\sqrt{1-f_1^2}\sqrt{1-f_2^2}\langle\phi_1^\perp|\phi_2^\perp\rangle, $$ which is bounded between $$ f_1f_2\pm\sqrt{1-f_1^2}\sqrt{1-f_2^2}. $$ Thus, we can say $$ \min_{f_1,f_2\geq e}f_1f_2-\sqrt{1-f_1^2}\sqrt{1-f_2^2}\leq\langle\phi|\pi_1\pi_2|\phi\rangle\leq\max_{f_1,f_2\geq e}f_1f_2+\sqrt{1-f_1^2}\sqrt{1-f_2^2}. $$ Clearly the right-had side of this bound is just 1. But it's the left side we're really interested in. To perform the minimisation, let $f_i=\cos\theta_i$. Then, we want $$ \min_{\theta_1,\theta_2}\cos(\theta_1+\theta_2). $$ If we assume that $\theta_1+\theta_2<\pi$, the minimum is achieved by setting both $\theta_1$ and $\theta_2$ as large as possible, corresponding with $f_i=e$. Thus, provided $e>0$, the minimum value is $2e^2-1$. $$ \langle\phi|\pi_1\pi_2|\phi\rangle\geq 2e^2-1 $$
$$ \pi_1 = \begin{pmatrix} 1&0\\ 0&0\\ \end{pmatrix}\\ \pi_2 = \begin{pmatrix} 0&0\\ 0&1\\ \end{pmatrix}\\ \rho = \frac{1}{\sqrt{2}} \begin{pmatrix} 1\\ 1\\ \end{pmatrix}\\ e = \frac{1}{2} $$
