QUANTAMENTAL RESEARCH February 2020 Ship to Shore: Mapping the Global Supply Chain with Authors Panjiva Shipping Data in Xpressfeed Richard Tortoriello Quantamental Research (212) 438-9506 While financial data tells us “how a company has done,” shipping data provides a closer-to-real
[email protected] time indicator of “what a company is doing.” The chart below shows shipping (import) trends Temi Oyeniyi, CFA leading earnings call sentiment trends for auto parts maker LCI Industries. Since shipments Quantamental Research (312) 233-7151 began to trend up, LCI has reported three consecutive quarters of positive earnings surprises.
[email protected] LCI Industries: Industry-Relative Import Growth vs. Earnings Call Sentiment, 2017-2019 Zack Yang Quantamental Research (312) 233-7139
[email protected] Eric Oak Panjiva Research
[email protected] Acknowledgements The authors would like to thank Chris Rogers, Dan Sofio, Claire Coffey, and Source: S&P Global Market Intelligence Quantamental Research. Data as of 10/15/2019. Jason Prentice of Panjiva for their input and insights World merchandise trade accounted for an estimated $19.7 trillion in 20181, about 90% of which during the development of is by sea. Panjiva’s shipping data comprises 1.6+ billion records across 16 country-level this paper. datasets and allows investors to track trends, identify anomalies, and assess risks for companies engaged in international trade. Panjiva has developed processes to parse, clean, and impute missing values within this “ocean of data.” This paper illustrates how to find investment insights in Panjiva’s US seaborne and Mexican datasets using the US auto parts industry as a case study.