ADVANCED MATERIALS & PROCESSES | MAY/JUNE 2024 33 The ASM Board of Trustees, Executive Director, and other members of the ASM staff, gathered on July 25, 2023 for the annual strategic planning session. The 2020-2025 plan was reviewed, considering the evolving materials market landscape, and discussions were conducted around where ASM can make a significant impact in the coming years. MARKET DRIVERS Key market drivers of the materials landscape were reviewed during the planning session, including the circular economy, electric vehicles, in-space manufacturing, metals-based additive manufacturing, materials informatics, as well as artificial intelligence and machine learning. To highlight a few examples of the importance of these areas, the global metals-based additive manufacturing market size was valued at $2.6 billion in 2021 and is projected to reach $14.1 billion by 2031. The research also shows that materials informatics, which includes software, ASM PROGRESS REPORT: STRATEGIC PLAN HIGHLIGHTS FOR THE LEADING GLOBAL MATERIALS INFORMATION SOCIETY ASM International’s strong strategic plan now includes a focus on financials, to ensure that the Society is ready for the next generation, in addition to building and marketing digital-first products and forming collaborations across disciplines and continents. Pradeep Goyal, FASM, ASM President Fig. 1 — Key strategic initiatives and critical outcomes of ASM’s 2020-2025 Strategic Plan. commitment to the four pillars of the strategic plan, which include: developing a digital-first platform; establishing an interdisciplinary collaboration framework; creating a global professional network; and embracing a foundational culture of diversity, equity, and inclusion (DEI). See Fig. 1. KEY STRATEGIC INITIATIVES Here we highlight some of the progress made toward the key strategic initiatives and our vision of being the leading global resource for materials information. simulation, modeling, data, and machine learning, will be required to advance the speed and lower the cost of materials solutions going forward. Other factors not specific to engineering but making an impact on all Societies include open access publishing for journals and possible workforce shortages due to Baby Boomer retirements. While weighing these opportunities and challenges, we made a renewed pledge to our three main critical outcomes of increased membership, technical excellence, and strong strategic partnerships. We also reinforced our
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