In its ongoing coverage of the trial of former members of JPMorgan Chase’s precious metals desk accused of market manipulation, Bloomberg News cites testimony given by Monument’s Christopher Jackman to a federal jury in Chicago on Tuesday.
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In their editorial “Perfect storm or imperfect supply chain? The U.S. supply chain crisis”, Monument’s Dr. Paul Kent and co-author Dr. Hercules Haralambides examine the current supply chain problems and their possible remedies. The surge in e-commerce has exposed weaknesses with the just-in-time logistics paradigm where maximizing capacity utilization is viewed as being efficient; as a result, logistics asset owners strive to minimize slack capacity, even going beyond industry maximum utilization standards, thereby creating supply chain bottlenecks. In addition to problems with slack capacity, the authors identify other issues related to dominant market players, including liner shipping alliances and international chassis service providers.
The authors outline recommendations that address a seeming lack of preparedness for disruptions, capacity management issues, and weaknesses in regulation. The open-source editorial can be accessed using the below link via the Maritime Economics and Logistics.
The Securities and Exchange Commission Historical Society has admitted Mark Kaplan, CFA as a New Advisor to their 2022 Board of Advisors.
In an Expert Analysis published in Law360, Mark Kaplan, CFA offers his thoughts on the role economic analysis might play in SEC enforcement of climate-related matters. In the article, he first summarizes the SEC’s ongoing development of climate risk disclosure rules and the SEC’s focus on identifying climate risk disclosure gaps and misstatements. He then provides a brief overview of SEC economic analysis of corporate misstatements. Finally, he discusses several potential economic risks to corporations as climate risk disclosure enforcement likely increases in the future, providing examples of how the SEC might assess economic benefits to a corporation from material gaps or misstatements in climate risk disclosures.