FOR RELEASE: January 20, 2009
ISM Public Relations
Jean McHale, extension 3143
Lindsey Yentes, extension 3087
(TEMPE, Ariz.) January 20, 2009 — Capital spending and production capacity is likely to lessen in the coming year, according to a special survey conducted by the Institute for Supply Management™ (ISM). ISM surveyed members with senior-level job titles on how the financial market turmoil has affected their firms' plans for capital spending and production capacity. Of all respondents, 57 percent indicated their firm's primary line of business was a manufacturing industry while 43 percent selected a non-manufacturing industry.
The survey identified:
Respondents were also asked to rank items in order of significance to their operations. The factor that was reported as having the most significant effect on their operations was reduced demand for the organization's products/services.
From time to time, ISM conducts surveys of its members and other audiences to measure the impact of issues or events on the business community and supply management in particular. For the just-released survey results on the impacts of financial market turmoil, responses were collected for several weeks in late November and early December 2008, which resulted in 304 completed responses — a response rate of 14.3 percent.
To view or download a PDF version of the survey report, visit www.ism.ws. Select Tools, Research Tools, and then ISM Survey Research Results. ISM also offers fee-based customized research through the Research on Demand service of the ISM Resource Center.
As the largest supply management institute in the world, the mission of Institute for Supply Management™ (ISM) is to lead supply management. By executing and extending its mission through education, research, standards of excellence, influence building and information dissemination — including the renowned monthly ISM Report On Business® — ISM continues to extend the global impact of supply management. ISM is a not-for-profit membership association serving more than 40,000 supply management professionals in 75 countries. ISM offers credentialing to professionals around the world with the Certified Professional in Supply Management® (CPSM®) qualification. ISM is a member of the International Federation of Purchasing and Supply Management (IFPSM).