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Leading Economist from Around the World to Gather at ISM's 5th Annual Economic Summit in New York City

FOR RELEASE: October 7, 2002

CONTACT: Kristen Kioa
  ISM Media Relations
  480-752-6276 ext. 3015

(Tempe, AZ) — On Tuesday, December 10, 2002, leading economic experts in domestic and international economies will meet for the Institute for Supply Management's (ISM) 5th Annual Economic Summit and semiannual release at the Marriott Marquis in New York City. Participants will hear what experts anticipate for the economic future of the Unite States, Europe, and China. Never before has information of this value been more critical than in this volatile economic environment. Economic experts will offer compelling information that will affect the strategic plan, bottomline, and success of organizations worldwide. This is also a unique opportunity to discover how supply management executives plan to leverage their supply chain in this time of uncertainty.

Norbert J. Ore, C.P.M., chair of the ISM Manufacturing Report On Business® and Ralph G. Kauffman, Ph.D., C.P.M., chair of the ISM Non-Manufacturing Report On Business® will begin the presentation by releasing to attending participants the 64th Annual ISM Manufacturing and Non-Manufacturing Semiannual Release. This Report will offer insight in to what's in store for the manufacturing and non-manufacturing sectors of the economy for the first six months of 2003, while reflecting on what happened in the last six months of 2002. Ore and Kauffman will also present information that will compare 2001 to 2002 and predict the forecast for 2003 versus 2002. Information in this Report is considered by many economists to be the most reliable near-term economic barometer available and has proven to consistently indicate the direction of the economy.

Immediately following the semiannual release, Robert H. McGuckin, III, Ph.D., director of economic research for The Conference Board will present, "A Twenty-five Year Success Story: Will China's Reform Program Continue to Deliver?" McGuckin will discuss how China's first waves of economic reforms in the early 1980s strengthened incentives and reduced restrictions, and how these reforms have now spread to medium and large-size firms. Understanding the reform program and the risks to its continued success is essential to assessing business opportunities and the outlook for China.

During the Economic Summit luncheon program, Joseph L. Cavinato, Ph.D., executive director, Center for Strategic Supply Leadership for ISM will provide attendees perspective into what will drive the agendas for supply management in the years 2004 through 2006. "Expectations for Supply: A Senior Management Perspective," reports findings from high-level executive management sessions within the context of the current dynamic economic environment.

Was there prior information available that a recession was looming? Anirvan Banerji, director of research for the Economic Cycle Research Institute (ECRI) takes an in-depth look in to this question and concludes that indications of an imminent global recession were available in real time from a reliable system of international leading indicators. Banerji emphasizes that such systems must be integrated into supply chain management in his presentation, "The Return of the Business Cycle."

Closing the program will be Joseph Quinlan, senior global economist for Morgan Stanley who will present, "Will Europe Ever Lead? The Economic Outlook for 2003." This presentation highlights and discusses Europe's role in the world economy and the prospects of Europe emerging as a significant growth engine for the world on 2003.

Each year, ISM's Economic Summit delivers incomparable economic information. Don't miss out on your opportunity to meet face-to-face with economic and supply management leaders who are shaping the world's future. To register for the ISM 5th Annual Economic Summit, please contact ISM's Customer Service Department at 480-752-6276, extension 401. You may also register online at

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