Tom Derry, CEO of the Institute for Supply Management (ISM), delivered valuable insights on the economic landscape and key factors currently impacting supply chains. Tom emphasized five crucial elements: GDP, Inventory Levels, Inflation, Lead Time, and Supply Shock-induced Recession to help industry leaders better navigate today’s complex and uncertain environment. He specifically pointed out that we're experiencing a contraction phase, making it essential to understand these key economic signalsTom Derry is CEO of the Institute for Supply Management with more than 30 years of experience in leadership and general management roles for public and private companies, and in the not-for-profit sector. He has executed turnarounds at the corporate and business-unit level through a variety of means, including acquisitions, divestitures, restructuring, and business process re-engineering.