Supply Chain Research

Under Armour has received notice of an SEC enforcement investigation, known as a “Wells Notice”, regarding its reporting of revenues in Q3’15 to Q4’16. The ongoing probe has had company support since July 2017 while the notice is not a specific finding of wrongdoing. Supply chain data can provide insights into the underlying activity of a firm. Panjiva’s data shows that the year over year change in U.S. seaborne imports linked to Under Armour lagged its revenue growth for North America in Q2’16 and Q3’16. For example in Q3’16 imports fell by 3.1% while revenues rose by 15.6%. Such moves ...