#USA #Tempe #Manufacturing PMI #ISM #Susan Spence

Susan Spence Takes Leadership Role in ISM Manufacturing

In a significant shift within the Institute for Supply Management (ISM), Susan Spence has been appointed as the new chair of the ISM Manufacturing PMI® Business Survey Committee, effective from June 2025. This move follows the esteemed tenure of Timothy R. Fiore CPSM, C.P.M., who has held the chair position since 2017 and navigated the committee through challenging economic landscapes, including the disruptions caused by the COVID-19 pandemic.

Honoring Timothy R. Fiore

Timothy Fiore's tenure is characterized by remarkable resilience and leadership in the face of adversity. His adept guidance kept the Manufacturing PMI as a crucial indicator of the U.S. economy, especially during tumultuous times. Fiore’s deep understanding of economic trends and his ability to analyze intricate data helped bolster the PMI's reputation globally, earning him tremendous respect within the business and economic communities.

After successfully leading the committee through pivotal moments, Fiore leaves behind a solid legacy that shines light on the importance of supply chain management in today’s economy. His contributions will surely influence how the PMI evolves under new leadership.

Welcoming Susan Spence

Spence, who previously served as the vice president of Sourcing and Procurement at FedEx Corporation, brings extensive experience and a wealth of knowledge to her new role. During her time at FedEx—beginning in October 2013—she oversaw a robust team managing over $25 billion in spend, making vital contributions to the company's global sourcing and procurement strategies. Her active engagement in various professional supply chain management councils and academic boards demonstrates her commitment to fostering growth in the industry.

Her accolades, including the prestigious ISM J. Shipman Gold Medal Award in 2020, highlight her dedication and significant achievements in advancing procurement and supply chain management practices. After retiring from FedEx in July 2023, Spence continued to share her expertise through advisory roles and public speaking, further establishing her influence in the sector.

Her tenure at United Technologies Corporation (UTC) prior to FedEx, where she dedicated 28 years working within its aerospace divisions, laid a strong foundation for her leadership capabilities in supply chain management. Spence's experience, particularly in operations transformation and continuous improvement, positions her as a strong successor to Fiore, ready to steer the committee into the future.

The Role of ISM in Supply Chain Management

The Institute for Supply Management is recognized as the first major not-for-profit professional supply management organization globally. With a community of over 50,000 professionals across 100 countries, ISM oversees approximately $1 trillion in corporate and government procurement annually. Founded in 1915, the organization continues to promote strategic and practical approaches to integrated supply chain management.

Through its renowned ISM® Report On Business®, ISM offers vital insights into the state of the economy, providing significant guidance to supply management professionals and leaders across various sectors. The transition in leadership not only signifies a change in personnel but also emphasizes ISM's commitment to evolving its practices for the betterment of the industry as a whole.

As Susan Spence steps into her new role, the industry watches with anticipation, keen to see how her leadership will shape the future of ISM and its influential reports on business. With her rich background and steadfast commitment to excellence, Spence is poised to continue building the legacy of ISM Manufacturing PMI as an essential tool for economic analysis and planning.

In conclusion, the ISM's latest appointment reflects continuity, expertise, and a forward-looking vision that promises to enhance the organization’s impact on procurement and supply management in years to come.