Thanks for attending the

A MidYear Assessment of the Outlook
for the U.S. and Montana Economy
Presented by the Bureau of Business and Economic Research


Supply Chain Stress:
How Much Longer?

It has been an eventful year for the economy already. The torrid pace of economic growth of last year has given us surging inflation, very tight labor markets, and empty store shelves in 2022. And now the prospect of the Federal Reserve finally taking action against inflation to cool down growth has spooked financial markets and awakened recession fears. Are those fears overblown? Join us as we discuss these and other issues affecting our economic future as a state.

This year’s program will have a special focus on the supply chain disruptions that have impacted just about every business in the state. We’ll be joined by University of Montana Wilson Logistics Faculty Fellow Dr. Simona Stan who will present her assessment of how, and how much longer, these disruptions came about.

Join Us This Summer:

Billings – Tuesday, August 2
7:00 – 8:30 am, breakfast
DoubleTree Billings

Bozeman – Tuesday, August 2
11:30 – 1:00 pm, lunch
Best Western GranTree Inn

Butte – Tuesday, August 2
4:00 – 5:30 pm, appetizers
Northwestern Energy General Office

Helena – Wednesday, August 3
7:30 – 9:00 am, breakfast
Best Western Great Northern Hotel

Great Falls – Wednesday, August 3
Noon – 1:30 pm, lunch
Holiday Inn

Missoula – Thursday, August 4
7:30 – 9:00 am, breakfast
Hilton Garden Inn

Kalispell – Thursday, August 4
Noon – 1:30 pm, lunch
Hilton Garden Inn


Patrick Barkey, Director

Patrick Barkey has served as Director of the Bureau of Business and Economic Research since 2008. He has been involved with economic forecasting and policy research for more than 30 years, in both the private and public sectors. Before coming to Montana he served as Director of the Bureau of Business Research at Ball State University in Indiana for fourteen years. His recent research has been on the economic impact of energy development, the property tax treatment of the telecommunications industry and the economic impact of trade with Canada. He holds a B.A. and a Ph.D. in economics from the University of Michigan.

Simona Stan, Professor, College of Business

Simona Stan has served as a professor of marketing at the University of Montana College of Business for the past 15 years. Since last year, she is also the Wilson Logistics Faculty Fellow.  She has a Ph.D. in Marketing from the University of Missouri and a Bachelor’s Degree in Mechanical Engineering from the University of Sibiu, Romania. Before UM, she taught for five years at the University of Oregon. Prior to her academic life, she was a production engineer and manager in Romania. At UM, she teaches Logistics and Transportation and Global Supply Chain Management along with a selection of marketing courses at undergraduate and master level. Her current research interests are in global logistics and supply chains, sales, and services marketing.

William A. Fitzgerald, Vice President and Senior Portfolio Manager

Bill is a Vice President and Senior Portfolio Manager with investment responsibility for individual and institutional portfolios. He has 30 years of experience in investment management, including securities analysis, portfolio management, economic analysis, and alternative investment strategies research. Bill is the firm’s Chairman of the Investment Policy and Strategy Committee and serves on the First Interstate BancSystem Economic Committee and the bank’s retirement Investment Policy Committee. He joined the Asset Management Team in January 2007. Prior to joining First Interstate Wealth Management, he was the Senior Portfolio Manager and Regional Vice President for Merrill Lynch Investment Managers. Bill received a B.A. in Management from Lynchburg College and an M.B.A., with a concentration in finance from the Carey Business School at Johns Hopkins University.