SMU Community Chat
December 19, 2021
ISM CEO: Supply-Chain Challenges to Persist in 2022
Written by Tim Triplett
Market forces are beginning to restore equilibrium to some parts of the economy, but not to others, said supply-chain expert Tom Derry, CEO of the Institute for Supply Management (ISM). Supply constraints will continue to be a drag on economic recovery in 2022, along with inflation and labor issues, he said during Steel Market Update’s Community Chat webinar on Wednesday.
ISM, based in Tempe, Ariz., is a not-for-profit supply management organization that offers education and research for supply managers and purchasing professionals. ISM’s PMI, an index based on its monthly survey of purchasing managers, is closely watched as a leading indicator of U.S. economic trends. As the chart below indicates, the current PMI of 61.1 shows the economy expanding at a healthy level.
