Mentions of digitization in maritime company filings increased by 25% between the first and second quarters of 2022.
In total, the frequency of digitization-related convictions between July 2021 and June 2022 was 76% higher than in 2016 when GlobalData, from which our data is drawn for this article, began tracking key issues mentioned in filings. 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. Digitization 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 digitalization is more present in the summaries and strategies of companies in the maritime sector, two measures were calculated. First, we looked at the percentage of companies that mentioned digitization at least once in filings in the last twelve months – it was 75% compared to 49% in 2016. Second, we calculated the percentage of total analyzed sentences referring to digitization.
Among the top 10 employers in the maritime industry, Yamato is the company that most referred to digitization between July 2021 and June 2022. GlobalData identified 48 digitization-related phrases in company records based in Japan, 2.5% of all sentences. Post Italiane mentioned digitization in second place – the problem was mentioned in 2.4% of sentences in documents filed by the company. FedEx, APMM and Alstom are other top employers with high digitization mentions.
Of all the companies in the maritime sector, the dossier published in the second quarter of 2022 that placed the most emphasis on digitization came from Post Italiane. Of the 9,432 sentences in the document, 217 (2.3%) referred to digitization.
This analysis provides a rough indication of which companies are focusing on digitization 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 digitization 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 digitization have been successes or failures.
Last quarter, maritime companies based in Asia were the most likely to mention digitization with 0.85% of sentences in company filings referencing the issue. In contrast, companies headquartered in the United States mentioned digitization in just 0.29% of sentences.