Mentions of robotics in maritime industry company filings were 192% 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. Robotics is one such topic – companies that excel and invest in these areas are seen as better prepared for the future business landscape and better equipped to overcome unforeseen challenges.
To assess whether robotics is more present 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 robotics at least once in their filings over the last twelve months – it was 30% compared to 11% in 2016. Second, we calculated the percentage of total sentences analyzed that referred to robotics.
Among the 50 largest employers in the maritime industry, ID Logistics Group is the company that made the most references to robotics between October 2020 and September 2021. GlobalData has identified four sentences related to robotics in the records of the company based in France, or 0.8% of all phrases. XPO Logistics Inc mentioned robotics in second place – the issue was mentioned in 0.6% of sentences in company filings. Other top employers with high robotics endorsements include Korea Shipbuilding & Offshore Engineering Co Ltd, MTR Corporation Ltd, and COSCO Shipping Holdings Co Ltd.
Among all the companies in the maritime sector, the file published in the third quarter of 2021 that placed the most emphasis on robotics came from Korea Shipbuilding & Offshore Engineering Co Ltd. Of the 1,304 sentences in the document, six (0.5%) referred to robotics.
This analysis provides a rough indication of which companies are focusing on robotics 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 robotics more regularly is not necessarily evidence that it is using new techniques or prioritizing the problem, nor does it indicate whether the company’s businesses in the field of robotics have been successes or failures.
Last quarter, maritime companies based in Asia were the most likely to mention robotics with 0.05% of phrases in company filings referencing the issue. In contrast, companies headquartered in Western Europe mention robotics in just 0.02% of sentences.
Data Journalism Team