In this exclusive Manufacturing Talk Radio, we look ahead to a critical conversation centered on the latest ISM Supply Chain Planning Forecast. This comprehensive outlook serves as a major barometer for commercial confidence, offering a dual-sector perspective on where the economy is headed, how corporate leaders are budgeting, and how businesses are adjusting their operational strategies. Join us as we break down the overarching trends from this pivotal forecast and discuss what these insights mean for the broader economy moving forward. About this Episode’s Guests Susan Spence is currently serving as ISM Manufacturing PMI Chair and is a winner of the J. Shipman Gold Medal Award. Her distinguished career includes serving as vice president of the Sourcing &amp; Procurement group at FedEx Corp. With 28 years of experience at United Technologies Corporation (UTC) in leadership roles across supply management and operations, Spence offers unparalleled insight into manufacturing trends and economic activity. Steven Miller is currently serving as ISM Services PMI Chair and is an accomplished supply chain management executive. His distinguished career includes 40 years of experience in procurement, supply chain management, IT implementation and operations, and operations management consulting at Disney, P.F. Chang’s, Accenture, and Kearney. With 40 years of experience in procurement, supply chain management, IT implementation and operations, Miller offers unparalleled insight into services trends and economic activity. Learn more about your ad choices. Visit megaphone.fm/adchoices

EXCLUSIVE: ISM Chair's Susan Spence & Steve Miller on the Supply Chain Planning Forecast

Manufacturing Talk Radio

# Full Transcript

**Podcast:** Manufacturing Talk Radio

## Transcript

Welcome to Manufacturing Talk Radio, your everything manufacturing podcast with host and veteran manufacturing industry expert, Louis Weiss and co-host Amy Niklas. Make sure to check out our catalog of 800 previous shows on YouTube, Spotify or wherever you're listening. Now let's get into the episode.

Welcome everyone today for the Manufacturing Talk Radio with Louis Weiss, myself and Amy Niklas. And we have the two chairs of the Institute for Supply Management, Susan Spence, who's the Manufacturing Chair, and Steve Miller, who's the Services Chair.

And we're going to be doing the, it used to be called the Semi-Annual Report. It's now called the Supply Chain Planning Forecast. So just to give you a clue on how the report is going to come across this report.

Okay, so that we don't go over any trademark infringements. Great report. Great report. Susan, let's start with manufacturing or we'll have a mix and match with supply chain and manufacturing services. Go.

Sure. So, yeah, indeed, let the good times roll. The optimism that we started to see in December has been surpassed with even more of the same for manufacturing. So as you can see in the report, the percent increase our panelists expect to see with regards to things like revenue almost doubled. We're up to expecting an eight and a half percent jump in revenue versus four and a half.

Yeah. The production capacity that we thought would be, that the panelists told us would be up about 5.2 for the year. It's looking more like 9.7. The operating rate likewise up to about 87. Capital expenditure, you know, not as big of an increase, but from a three to almost a five.

Unfortunately, prices from December to June, the prediction was 5.4. They went up actually 11.9 and are expected to be a total of 14.1 for the year.

So it looks like most of the price increases that have been seen are already here and maybe another couple of points. The employment on manufacturing, it got better, but it's still only a 1.4 up from a 0.4 percent predicted increase.

So while we have maybe fewer industries in these increasing modes, for instance, the percent of, I'm sorry, the number of industries reporting a percent of revenue increase in December was 16. It's down to 14. They're about the same or slightly lower, but the percentage jumps are bigger and a number of the top six are there.

So indeed, it's a good report reflecting even more optimism and certainly connected to the first five months of this year's monthly report. The orders are flowing, the backlog's growing on manufacturing as of last month. Everything except employment was back into expansion mode pretty much. So it's all good. It is all good. And we're glad to hear that.

By the way, for our listeners, if you enjoy the show and enjoy the content, kindly hit the like button. It always looks good. Below, right below, which is right next to my let the good time roll button. Give ...

EXCLUSIVE: ISM Chair's Susan Spence & Steve Miller on the Supply Chain Planning Forecast

Transcript

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Every day you wait, your competitors are finding
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EXCLUSIVE: ISM Chair's Susan Spence & Steve Miller on the Supply Chain Planning Forecast

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.