Marine Filing Buzz: 14% Increase in Industrial Automation Mentions in Q3 2021

Mentions of industrial automation in maritime industry company filings increased by 14% between the second and third quarters of 2021.

In total, the frequency of convictions related to industrial automation between October 2020 and September 2021 was 41% higher than in 2016 when GlobalData, from which our data is drawn for this article, began tracking the main issues mentioned in the documents filed by companies.

When companies in the maritime industry publish annual and quarterly reports, ESG reports and other documents, GlobalData analyzes the text and identifies individual phrases related to the disruptive forces the 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: 65% compared to 44% 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 49 phrases related to industrial automation in the UK-based company filings – 0.3% of all phrases. Yamato Holdings Co Ltd mentioned industrial automation in second place – the issue was also mentioned in 0.3% of sentences in company filings. DSV Panalpina AS, Poste Italiane Group and FedEx Corp are other top employers with high industrial automation mentions.

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 mentioned industrial automation in 0.09% of sentences.

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