Following the release of our special ISM® Report On Business® Survey regarding the potential impact of Hurricane Harvey – which hit the sixth largest import terminal in the world, in Houston – on the nation’s supply chain, ISM CEO Tom Derry was interviewed on MoneyRadio1510’s “Business for Breakfast.” While noting that the human cost of Harvey – and of Irma that followed - is high, looking 3-6 months down the road, Tom Derry notes that the negative impact on this key economic indicator is less than many might have thought. You can listen to this concise, insightful interview here:
"Our hearts are with the individuals and businesses that have been affected by Hurricane Harvey. The human and corporate impact are significant. Indeed, the results of our ISM® Report On Business® Survey indicate ongoing challenges for US companies with pricing, supplier deliveries, and certain commodities because of the storm. We are encouraged, however, by data indicating that the effect on production, new orders, and employment will be relatively minimal," said Thomas W. Derry, Chief Executive Officer of Institute for Supply Management®. "As we continue to see the implications of Hurricane Harvey and prepare for Hurricane Irma, I hope that we can continue to come together as a community to support those in need."
Forbes contributor and Supply Chain Management analyst Steve Banker shared excerpts of our special ISM® Report On Business® Survey regarding the potential economic impact of Hurricane Harvey with his readers.
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