Michael J. Mandel’s “What Money Can’t Buy: The Moral Limits of Markets” (http://www.amazon.com/What-Money-Cant-Buy-Markets/dp/0374203032) is a good read. Light on economics, it is really a social essay on America’s transformation from a country “with a market economy” to one that is “a market society.” This may seem like a small distinction to some but Mandel makes […]Read more
Well, its been a few weeks since my last post but have been busy with client work which, on the bright side, has given me lots to write about in the coming days. The first topic on the agenda is what are normally called “Real Options”. This technique is probably the least understood and yet […]Read more
Good piece on CFO.com today on repetitional risk, something I get asked a lot about but is still kind of hard to nail down sometimes. This reference to the the work of Prof. Robert Hoyt, is a nice way to thin about it: Robert E. Hoyt, a professor of risk management and insurance at the […]Read more
Just when you think these kind of stories are over, there comes this in today’s WSJ.com: “Procter & Gamble Co. PG -0.13% will add a double latch lid to containers of its new Tide Pods detergent following reports that some children have mistaken the colorful, gumball-sized packets for candy. Poison centers have received nearly 320 calls this month about […]Read more
I have just published, along with my co-author Justin Picard (Chief Scientist at Advanced Track and Trace in France), a new article on product level integrity and risk in the new World Economic Forum “Enabling Trade Report 2012”. The World Economic Forum’s Global Enabling Trade Report series focuses on measuring whether economies have in place […]Read more
Excellent piece in NYT.com today by AMY HARMON and ANDREW POLLACK regarding the growing drive to label genetically modified (“GM”) food in the US. Quote: “For more than a decade, almost all processed foods in the United States — cereals, snack foods, salad dressings — have contained ingredients from plants whose DNA was manipulated in a laboratory. Regulators and many […]Read more
Managing energy costs in energy intensive industries – best practice and tools for maximising profit margins
Date: Thursday, May 31, 2012
Start time: 2.30pm BST
With ever escalating energy prices eroding already pressured profit margins, managing energy costs becomes a priority for energy intensive industries world-wide. What strategies exist to mitigate today’s raising energy costs? What are the latest tools available to forecast, assess and manage price risk?
Join Energy Risk Editor Stella Farrington and a Panel of experts for a Seminar exploring the challenges faced by corporations and find out about key trends and tools in integrated energy risk management.
Register here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=registration.jsp&eventid=457777&sessionid=1&key=D957789C3B1056A3993C95F1B7F6E3A4&EDID=2OG0IJ2-JDWB-160MWC-7AQDE-30U1B-v1&sourcepage=register
Interesting editorial from Derik Andreoli today on Logistics Management web site about the role of speculation in oil prices. Quote: “As a logistics manager, understanding that oil and fuel prices are a function of supply and demand rather than the rogue actions of “evil speculators” is important. If speculators are driving prices above a level supported by the fundamentals, […]Read more
Weather hedging interest up, according to 17 May piece on Energy Risk site. Intro: “The extreme weather that hit North America recently has spurred interest in tools designed to hedge weather risk, according to participants speaking at Energy Risk USA The market for weather derivatives has received a boost from the unusual weather that affected […]Read more
Interesting piece in Ops Risk & Regulation on scaling of data in loss analysis. Intro: “An issue for op risk managers is scaling modelling data to a relevant size without sacrificing its value through over-manipulation. Using a query model to determine which data to use makes the process easier and reduces the risk of cherry-picking […]Read more