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Supply Execs Braced for 8.1% Increase in Raw Materials Prices. What They Paid Was Far Higher.

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

The nation’s purchasing and supply management executives expect America’s economy will continue strengthening in 2022, according to the “December 2021 Semiannual Economic Forecast” from the Institute for Supply Management (ISM). This expansion will continue a growth trend that began in June 2020, as indicated in the monthly ISM “Report on Business.” Revenues are expected to…

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