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ISM® Honors Farryn Melton with 2026 J. Shipman Gold Medal Award

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Former Fortune 100 chief procurement officer recognized for leadership that strengthened the supply chain profession and the people who power it

DENVER, April 28, 2026 /PRNewswire/ — Institute for Supply Management® (ISM®) named Farryn C. Melton, a former Fortune 100 chief procurement officer and enterprise transformation leader, as the 2026 J. Shipman Gold Medal Award recipient for her enduring contributions to the advancement of the supply chain profession and her commitment to developing the next generation of leaders.

Created in 1931, the J. Shipman Gold Medal Award is ISM’s most distinguished honor. It recognizes individuals whose sustained leadership, service and mentorship have shaped the profession and strengthened the global supply chain community.

Melton has served the procurement and supply chain community for nearly four decades, including 25 years as chief procurement officer across three global organizations: Novartis, Amgen and Bristol Myers Squibb (BMS). Her career spans aerospace, entertainment and pharmaceuticals, with leadership roles at Boeing, Sony, Pfizer, Novartis, Amgen and Bristol Myers Squibb.

As senior vice president and chief procurement officer at BMS, Melton led a global organization managing more than $12 billion in spend and played a central role in delivering $1.5 billion in synergy savings following BMS’s acquisition of Celgene. Her work consistently positioned procurement as a strategic partner—connecting sourcing, supplier performance and enterprise risk management to business strategy and long-term resilience.

In addition to operational impact, Melton is widely respected for advancing inclusive leadership and supplier diversity. Under her leadership, BMS established a robust supplier diversity program and set a goal of $1 billion in annual spend with diverse suppliers by 2025, achieving that milestone in 2023—two years ahead of schedule. She also prioritized talent development, mentoring and succession planning, contributing to the advancement of more than 10 senior leaders, primarily from underrepresented backgrounds.

During periods of significant disruption, Melton championed supplier partnership models and third-party risk management strategies that supported continuity of supply. These approaches helped maintain access to critical medicines during crises such as Hurricane Maria and the COVID-19 pandemic, reinforcing procurement’s role as a stabilizing force in times of uncertainty.

“Farryn is everything this award stands for,” said Debbie Fogel-Monnissen, ISM Interim Chief Executive Officer. “She leads with integrity, lifts others up and builds strength that lasts. I’m grateful for the impact she’s had on our profession, and on the people and communities she’s helped along the way.”

Since retiring from Bristol Myers Squibb in 2023, Melton has continued to invest in the profession through advisory and board service. She is the founder and CEO of Strategic Edge Advisories LLC, where she advises executive teams and boards on supply chain transformation, governance and enterprise strategy, and she serves as a strategic adviser to Accenture. She currently serves on the boards of Cambrex and SafeTouch Security and chairs the advisory board of ActOne Group.

Melton also founded the Chief Procurement Officers Alliance for Business Innovation (CABI), a nonprofit network focused on helping senior leaders strengthen supply chain resilience while expanding opportunity for small and midsize businesses. Her governance experience includes chairing the SAP/Ariba customer advisory board and service with the Women’s Business Enterprise National Council, the National Minority Supplier Development Council and the Howard University supply chain program.

“I am deeply honored to receive the J. Shipman Gold Medal Award,” Farryn Melton said. “My career has been shaped by mentors, teams and peers who believed in the importance of service, collaboration and developing others. This recognition affirms my belief that supply chain leadership is about stewardship—creating opportunity, strengthening resilience and leaving the profession better for the next generation.”

Melton was formally recognized during the 2026 ISM Awards Gala on April 27 at ISM World, ISM’s annual international supply chain conference.

About the J. Shipman Gold Medal Award
Johnson Shipman was a pioneer member of the New York affiliate of the National Association of Purchasing Agents, now Institute for Supply Management®, well-known for giving generously of his time and counsel. The J. Shipman Gold Medal Award was created in 1931, and is presented to those individuals whose modest, unselfish, sincere, and persistent efforts have aided the advancement of the procurement and supply chain field. Those chosen for the award have also assisted and guided members of the profession in their endeavors. 

About Institute for Supply Management®
Institute for Supply Management® (ISM®) is the first and leading not-for-profit professional supply management organization worldwide. Its community of more than 200,000 in more than 100 countries around the world manage about US$1 trillion in corporate and government supply chain procurement annually. Founded in 1915 by practitioners, ISM is committed to connect and empower the global supply chain community to advance individual and organizational success. ISM empowers and leads the profession through the ISM® PMI® Reports (formerly Report On Business®), its highly-regarded certification and training programs, corporate services, events and assessments. The ISM® PMI® Reports — Manufacturing and Services — are two of the most reliable economic indicators available, providing guidance to supply management professionals, economists, analysts, and government and business leaders. For more information, please visit: www.ismworld.org.

Contact: Jessica Boyd, 480.752.6276, ext. 3085
jboyd@ismworld.org

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SOURCE Institute for Supply Management

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Cash or Card? New Upgraded Points Survey Reveals How Travelers Pay Abroad

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AUSTIN, Texas, Oct. 28, 2026 /PRNewswire/ — A new Upgraded Points survey of 1,500 recent international travelers, including 1,000 Americans, finds that travelers use a mix of cash and cards abroad, but exchange rates, fees, and declined transactions can complicate purchases.

“Spending money should be the easy part of a trip abroad,” said Ryan Smith, Director of News at Upgraded Points. “But exchange rates, fees, and payment options can complicate even the simplest purchase. We wanted to learn how travelers prepare, where their plans run into trouble, and what they do when convenience and the best exchange rate move in different directions.”

Study Methodology

Upgraded Points surveyed 1,500 adults who had traveled internationally within the past 12 months, including 1,000 U.S. adults and 500 adults from other countries. Respondents answered questions about payment methods, cash habits, credit card use, airport currency exchanges, and their confidence navigating exchange rates. The results were compared to show how Americans’ payment habits differ from those of other international travelers.

Payment Planning Often Starts Months Before a Trip

Nearly one-third (32%) begin planning how they’ll pay abroad three to six months before departure. U.S. travelers are more likely than non-U.S. travelers to start earlier, with 20% beginning more than six months ahead, compared with 12% of non-U.S. travelers.

Travelers’ Confidence in Exchange Rates Varies

Just 35% of respondents said they feel very confident understanding exchange rates abroad. Confidence also varied by age and gender:

44% of men feel very confident, compared with 26% of women.28% of Gen Z travelers feel very confident, compared with 40% of Gen X travelers and 37% of Baby Boomers.

Cash and Cards Remain Popular Abroad

Cash in the local currency and physical credit cards were nearly tied as the payment methods travelers most often use abroad. Mobile wallets were more popular among younger travelers:

71% use cash in the local currency.69% use a physical credit card.44% use a mobile wallet, including 56% of Gen Z travelers and 22% of travelers age 61 and older.35% use a physical debit card.

Most Travelers Carry Local Currency

More than 8 in 10 travelers (81%) carry cash in the destination’s currency, often for situations where cards may not be accepted:

64% use it at street vendors, markets, or small businesses.55% use it for tips and other customary cash payments.53% carry it for emergencies.

Travelers generally avoid carrying a large amount at once. About 44% exchange enough cash for several days, while 26% exchange enough for the full trip.

Familiar Card Brands Lead Among U.S. Travelers

Among U.S. respondents, Visa was the most commonly used card network, while Chase and Capital One were the most commonly used issuers:

Visa: 24%Chase: 21%Capital One: 19%American Express: 15%

Fees and Declined Cards Can Complicate Purchases

Among all respondents, travelers most often said their bank or card company contacted them about a purchase made abroad. Other issues increased the cost of a purchase or prevented it from going through:

38% were contacted by their bank or card company about a purchase.34% paid more than expected because of the exchange rate.29% were charged an unexpected foreign transaction fee.26% had a card declined.

Find the full study here.

About Upgraded Points LLC

Headquartered in Austin, Texas, Upgraded Points is a travel company that helps to demystify the complex world of travel and credit cards. Launched in 2016 by Alex Miller, Upgraded Points uses targeted research efforts and in-depth studies to help travelers maximize their travel, points, and experiences. Learn more at www.UpgradedPoints.com.

Media Contact:
Alex Miller, Founder
1-214-646-8866
425187@email4pr.com

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SOURCE Upgraded Points

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ESI supplying solar array components to missile defense programs

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SIMI VALLEY, Calif., Oct. 28, 2026 /PRNewswire/ — ESI Motion Inc. is proud to announce that it is supplying the Solar Array Drive Electronics (SADE) to Lockheed Martin for its work on the Space Development Agency’s Proliferated Warfighter Space Architecture (PWSA) programs.

Under the agreement, ESI Motion’s SADE technology will support SDA as the PWSA is developed.

Defending our nation in space is more important than ever. The Space Development Agency’s PWSA programs provide the military with a network of satellites with secure communication, missile tracking and space-based support to make sure our troops have the latest and greatest technology.

The SADE consists of our Space-rated, flight heritage, SuperNova and Pulsar motor controllers. These motion controllers ensure all mission parameters are fulfilled, with high-reliable technology. 

ESI Motion Inc., U.S. Company, is a trusted supplier and partner, supporting mission operations for space, military and industrial customers around the world for over 20 years. Please visit our website; www.esimotion.com

Mitchell Haerterich, mhaerterich@esimotion.com

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SOURCE ESI Motion

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Envoy AI Launches “Boss of Machines” Program to Develop the Next Generation of Freight Leaders

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New AI Operations Lab will provide college students with hands-on experience in freight technology, operational transformation, and a $2,500 scholarship.

CHATTANOOGA, Tenn., Oct. 28, 2026 /PRNewswire-PRWeb/ — Envoy AI, the AI Native platform behind logistics autonomous agent system and execution layer Ellie, today announced the launch of Boss of Machines: AI Operations Lab, a new internship and scholarship program designed to prepare the next generation of logistics professionals for an industry increasingly shaped by artificial intelligence and digital labor.

The people starting their careers in freight now are going to spend a lot of their day managing agents. Somebody has to be the boss of those machines. We named the program after that job because it’s the one brokerages are going to be hiring for.

The program was introduced by Envoy AI CEO Robby Nathan during his fireside chat at FreightWaves’ F3: Future of Freight Festival on October 27.

“Freight has always been a people business, and that isn’t changing,” said Robby Nathan, Envoy AI CEO. “What is changing is how the work gets done. We want students to understand that shift firsthand. There’s a big difference between learning about AI in a classroom and seeing what it takes to put it to work in a real operation. Our goal is to give them that experience and help prepare them to become the leaders this industry will need.”

Launching in spring 2027, the three-month program will select two college juniors or seniors for an immersive experience working directly with Envoy AI’s product, engineering, and operations teams. Participants will gain firsthand exposure to how AI technology is developed, implemented, and used to solve real operational challenges across the freight industry.

Preparing Students for a Changing Industry

As freight companies adopt AI to automate routine work, improve productivity, and scale operations, the skills future logistics leaders need are evolving.

The Boss of Machines program bridges the gap between classroom education and the practical experience needed to lead technology-enabled operations.

Students will participate in four areas of learning:

Building AI for Operations: Understanding how AI agents are developed and applied to freight workflows.Deploying Digital Labor: Learning how new technology is integrated into existing systems, implemented with customers, and adopted by operational teams.Measuring Operational Performance: Exploring the role of analytics, productivity, and return on investment in evaluating technology initiatives.Leading Modern Freight Operations: Developing an understanding of how people and AI agents work together to manage and execute freight operations.

Investing in the Next Generation

The initiative reflects Envoy AI’s commitment to developing talent and giving students meaningful exposure to the technology and operational practices shaping the future of transportation.

“About 75% of the freight in our live accounts is already booked through Ellie, and that changes the job a new hire walks into,” said Nathan. “The people starting their careers in freight now are going to spend a lot of their day managing agents. That takes someone who can tell when a rate doesn’t make sense for the lane, and who’ll catch a carrier about to fall off before the shipper ever hears about it. Somebody has to be the boss of those machines. We named the program after that job because it’s the one brokerages are going to be hiring for.”

Throughout the program, students will work alongside experienced industry professionals, gaining exposure to product development, customer implementations, operational workflows, and the business decisions involved in deploying AI at scale.

Upon successful completion of the three-month program, each participant will receive a $2,500 scholarship to support their fall 2027 studies.

Applications and Program Timeline

The inaugural Boss of Machines: AI Operations Lab will welcome two students for the spring 2027 semester.

The program is open to college juniors and seniors interested in logistics, supply chain management, technology, engineering, business operations, and related fields.

Applicants will be asked to share their interests, relevant experience, and perspectives on how technology can improve freight operations.

Envoy AI will announce selected participants in January 2027, ahead of the spring program kickoff.

Additional program details and application information will be available through Envoy AI’s website.

About Envoy AI

Envoy AI develops AI-powered digital labor solutions for freight and logistics operations. Through its AI workforce, Ellie, the company helps logistics teams automate operational workflows, improve productivity, and execute freight processes across existing transportation systems. Envoy AI helps transportation organizations scale operations through practical AI applications.

Media Contact

Michelle McBride, Envoy AI, 1 972-821-2012, michelle@tryenvoy.ai, tryenvoy.ai

View original content:https://www.prweb.com/releases/envoy-ai-launches-boss-of-machines-program-to-develop-the-next-generation-of-freight-leaders-302922133.html

SOURCE Envoy AI

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