Mentions of industrial automation in maritime industry company filings were 34% higher between October 2020 and September 2021 than in 2016, according to the latest data analysis from GlobalData.
When maritime companies publish annual and quarterly reports, ESG reports and other documents, GlobalData analyzes the text and identifies individual phrases related to the disruptive forces companies will face in the years to come. Industrial automation is one such topic – companies that excel and invest in these areas are considered better prepared for the future business landscape and better equipped to overcome unforeseen challenges.
To assess whether industrial automation features more in the summaries and strategies of companies in the maritime industry, two measures were calculated. First, we looked at the percentage of companies that mentioned industrial automation at least once in their statements over the last twelve months: 66% compared to 47% in 2016. Second, we calculated the percentage of the total analyzed sentences referring to industrial automation. automating.
Among the 10 largest employers in the maritime industry, Royal Mail Plc is the company that has referred to industrial automation the most between October 2020 and September 2021. GlobalData has identified 54 phrases related to industrial automation in the documents filed by the UK-based company – 0.4% of all sentences. Poste Italiane Group mentioned industrial automation in second place – the issue was mentioned in 0.19% of sentences in company filings.
Of all the companies in the maritime sector, the file released in the third quarter of 2021 that placed the most emphasis on industrial automation came from Korea Shipbuilding & Offshore Engineering Co Ltd. Of the 1,304 sentences in the document, seven (0.5%) referred to industrial automation.
This analysis provides a rough indication of which companies are focusing on industrial automation and how important the issue is in the maritime industry, but it also has limitations and should be interpreted with caution. For example, a company that mentions industrial automation more regularly is not necessarily evidence that it is using new techniques or prioritizing the problem, nor does it indicate whether companies within the company in industrial automation have been successes or failures.
Last quarter, maritime industry companies based in Western Europe were the most likely to mention industrial automation with 0.23% of phrases in company filings referring to the issue. In contrast, companies headquartered in Asia only mention industrial automation in 0.08% of sentences.