ISM: Manufacturing (CONT’D FROM PAGE 8)
growth (likely due to extended lead times) and consump- tion softening slightly (due to labor force improvement). Omicron impacts are being felt by overseas partners, and the impact to the manufacturing community is a potential headwind,” says Fiore. AICC Announces New Webinar: Developing High Performance Teams AICC, The Independent Packaging Association, will fea- ture a new speaker, Milton Corsey, Director of Human Cap- ital Solutions, AchieveNEXT, in its webinar, Developing a High Performance Team, on Thursday, April 28. Manufacturing performance is not a one-employee responsibility or action. It is a team effort that makes it successful. Attendees will learn to build their high-perfor- mance teams by ensuring the pieces fit together, rather than focusing on how great members are individually. Milton Corsey is the Director of Human Capital Solu- tions at AchieveNEXT. He is a professor emeritus at Rowan College of South Jersey, where he teaches in the business school, and was previously Dean of Administration and an Assistant Professor of Business at Gloucester County Col- lege. He completed his undergraduate studies at Villano- va University and holds a Master of Business Administra- tion from Saint Joseph’s University. Register at www.AICCbox.org/Calendar .
New Orders Index remaining in growth territory, support- ed by weaker growth of new export orders, (2) Custom- ers’ Inventories Index remaining at a very low level and (3) Backlog of Orders Index continuing in strong growth territory. Consumption (measured by the Production and Employment indexes) grew during the period, though at a slower rate, with a combined minus-0.6 percentage point change to the Manufacturing PMI calculation. “The Employment Index expanded for a seventh straight month; panelists indicate their ability to hire continues to improve, to a greater degree than in February. Challenges with turnover (quits and retirements) and resulting back- filling continue to plague panelists’ efforts to adequately staff their organizations, but to a lesser extent compared to February. Amid signs of staffing and supplier delivery improvements, production expanded at disappointing lev- els, likely due to timing issues. Inputs — expressed as sup- plier deliveries, inventories, and imports — continued to constrain production expansion. The Supplier Deliveries Index again slowed, but at a slightly slower rate in March, while the Inventories Index increased at a slightly faster rate and the Imports Index grew at a slower rate. The Pric- es Index increased for the 22nd consecutive month, at a dramatically higher rate compared to February. “Manufacturing performed well for the 22nd straight month, with demand registering slower month-over-month
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April 11, 2022
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