Tuesday, May 8, 2012

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In This SPECIAL Issue ...
  • ISM's Spring 2012 Semiannual Economic Forecast — Read more.
  • Online Daily for the 2012 Annual Conference — Read more.
  • Participating Employers of the ISM Conference Career Center — Read more.
  • Term of the Day — Read more.
  • Contact Us — Read more.

ISM's Spring 2012 Semiannual Economic Forecast

Economic Growth to Continue Throughout 2012

Economic growth is expected to continue in the United States throughout the remainder of 2012, say the nation's purchasing and supply executives in their spring 2012 Semiannual Economic Forecast. Expectations for the remainder of 2012 continue to be positive in both the manufacturing and non-manufacturing sectors.

Manufacturing Summary
Sixty-six percent of respondents from the panel of manufacturing supply management executives predict revenues will be 9.5 percent greater in 2012 compared to 2011, 15 percent expect a 12.1 percent decline, and 19 percent foresee no change. This yields an overall average expectation of 4.5 percent revenue growth among manufacturers in 2012, which is a modest reduction of 1 percentage point from December 2011 when the panel predicted a 5.5 percent increase in 2012 revenues. With operating capacity at 81.6 percent, an expected capital expenditure increase of 6.2 percent, and prices paid expected to increase a modest 0.4 percent from now through the end of 2012, manufacturers are positioned to grow revenues and contain costs through the remainder of the year. "With 16 out of 18 industries within the manufacturing sector predicting growth in 2012 over 2011, manufacturing continues to demonstrate its strength and resilience in the midst of global economic uncertainty and volatility. Capacity utilization is at historically typical levels and manufacturers are continuing to invest in their businesses. The positive forecast for revenue growth and modest price increases will drive a continuation of the recovery in the manufacturing sector," said Holcomb.

Non-Manufacturing Summary
Fifty-five percent of non-manufacturing purchasing and supply executives expect their 2012 revenues to be greater by 9.9 percent than in 2011. Overall, respondents currently expect a 4.8 percent net increase in overall revenues, which is greater than the 3.1 percent increase that was forecast in December 2011. "Non-manufacturing will continue to grow for the balance of 2012. Non-manufacturing companies reflect strong capacity utilization coupled with forecasted revenue growth. This indicates that non-manufacturing companies are streamlined and efficient. Overall costs have been contained despite strong increases for fuel and petroleum-based products. Slow employment growth continues to be a challenge for the non-manufacturing sector," Nieves said.

To read the entire news release, click here.

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Online Daily for the 2012 Annual Conference

The Online Daily is where ISM has gathered all the links to this year's Annual Conference information. Here you'll find access to:

  • Conference workshop presentation slides and handouts
  • Press releases on the award winners: J. Shipman, ISM – Michigan State University Awards for Excellence in Supply Management, Richter Scholarships, Persons of the Year, and the Affiliate and Group/Forum Excellence Awards
  • The Conference Blog which includes workshop summaries written by ISM staff writers.
  • Daily Videos
  • Attendee Roster (available to registered attendees only)

So be sure to check out ISM's Online Daily, click here.

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Participating Employers of the ISM Conference Career Center

This year's Conference Career Center had 10 participating employers. Of the 10 employers, five posted their job openings online in the Conference Career Center. The job postings are available to ISM members and non-members. The 10 participating employers include:

  • Cat Logistics
  • Direct Supply
  • Kaye/Bassman International
  • The Manitowoc Company
  • Monsanto
  • Owens & Minor, Inc.
  • Procurian
  • Sodexo
  • SOS Employment Group
  • United States Postal Service (USPS)

To view the participating employers and their job postings, click here.

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Term of the Day

Today's ISM Term of the Day is: GROSS DOMESTIC PRODUCT.

Definition: A measure of a nation's domestic output, which is the total value of all finished goods and services produced within the country during a specified time period (typically one calendar year).

A different Term of the Day is posted on the ISM Home Page each day — seven days a week. The Term of the Day is taken from the ISM Glossary of Key Supply Management Terms.

ISM members can access the online Members Only Glossary which includes terms from the private, public, and various industry sectors, and from a wide variety of sources. The Glossary can be browsed alphabetically, or searched by keyword.

Access the online Glossary.

If you are not a member but would like membership information, visit the ISM website.

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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