--- To enhance the value and performance of procurement and SCM practitioners and their organizations worldwide ---

 
Tuesday, May 8, 2007
   


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Institute for Supply Management

In This Special Issue ...
  • Spring 2007 Semiannual Economic Forecast: Economic Growth to Continue Throughout 2007.  Read more.
  • The Online Daily Shuffle.  Read more.
  • Register for the Annual June Services Program.  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.


Spring 2007 Semiannual Economic Forecast

Economic Growth to Continue Throughout 2007

Economic growth in the United States is sustainable throughout the remainder of 2007, say the nation's purchasing and supply executives in their spring 2007 Semiannual Economic Forecast. Expectations for the remainder of 2007 are encouraging in both the manufacturing and non-manufacturing sectors.

These projections are part of the forecast issued by the Business Survey Committee of the Institute for Supply Management™ (ISM). The forecast was presented today by Norbert J. Ore, C.P.M., chair of the ISM Manufacturing Business Survey Committee, and group director, strategic sourcing and procurement, Georgia-Pacific LLC; and by Anthony S. Nieves, C.P.M., CFPM, chair of the ISM Non-Manufacturing Business Survey Committee, and senior vice president — supply management, Hilton Hotels Corporation.

Manufacturing Summary

The survey panel of purchasing and supply management executives remains optimistic with 62 percent of respondents predicting revenues to be greater in 2007 than in 2006. This is reflected in their expectations of a 5.6 percent net increase in revenues for the period. To support the revenue growth expectations, manufacturers expect to increase capital expenditures 5.8 percent for the year in spite of a lower current operating rate of 82.8 percent.

The manufacturing industries expecting the greatest revenue increases in 2007 — listed in order — are: Primary Metals; Miscellaneous Manufacturing*; Electrical Equipment, Appliances & Components; Chemical Products; Fabricated Metal Products; Plastics & Rubber Products; and Food, Beverage & Tobacco Products. "Respondents are optimistic about their organizations' prospects for 2007," said Ore. "While 2007 appears to be lagging behind the last three years in terms of manufacturing growth, the forecast indicates manufacturers are investing and foresee revenue improvement in their future."

Non-Manufacturing Summary

Fifty-four percent of non-manufacturing purchasing and supply executives expect their 2007 revenues to be greater than in 2006. They currently expect a 2.1 percent net increase in overall revenues, lower than the 6.4 percent increase that was forecast in December 2006. Non-manufacturing industries expecting greater-than-average revenue in 2007 are: Professional, Scientific & Technical Services; Information; Arts, Entertainment & Recreation; Other Services**; Health Care & Social Assistance; Retail Trade; Real Estate, Rental & Leasing; and Accommodation & Food Services.

To read the entire release click here.

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The Online Daily Shuffle

What's the Online Daily Shuffle? That's your one-stop-source where you can find out what's happening in Las Vegas, NV at this year's Annual Conference. The Online Daily Shuffle is where ISM is posting links to presentation handouts and slides, press releases, and the Conference Proceedings.

To check out what's taken place so far at Conference click here.

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Register for the Annual June Services Program

ISM presents the June Services Program: The Power of the Services Supply Chain: Maximizing Strategic Value, Thursday, June 7, 2007 at St. John's University, Manhattan Campus, New York, NY. This year's sessions offer value and insights into maximizing strategic value in your services spend. You won't find these workshops anywhere else:

  • Creating Value Through Strategic Supply Management
  • Organizing for and Capturing the Value of Strategic Sourcing
  • Influencing the Marketing and Legal Spends
  • Best Practices in Managing a Global Services Spend

Be sure to join us for this unique educational experience. For complete program information click here.

Earn 6.25 Continuing Education Hours (CEHs) when you attend this one-day event. $495 ISM Members/$695 Nonmembers.

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Term of the Day

Today's ISM Term of the Day is: FIXED EXCHANGE RATES.

Definition: A currency exchange rate set and maintained by a government.

A different Term of the Day is posted on the ISM Home Page (www.ism.ws) each day -- 7 days a week. The Term of the Day is taken from the ISM Glossary of Key Supply Management Terms.

The online Members Only ISM Glossary of Key Supply Management Terms can be browsed alphabetically, or searched by keyword.

To access the online Glossary click here.

If you are not a member but would like membership information click here.

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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