Shipping industry filing buzz: Future of work mentions down 38% in Q4 2021

Mentions of the future of work within maritime company filings fell 38% between the third and fourth quarters of 2021.

In total, the frequency of phrases related to the future of work in 2021 was 671% higher than in 2016 when GlobalData, from which our data is drawn for this article, began tracking top issues mentioned in filings by businesses.

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. The future of work is one such topic – companies that excel and invest in these areas are expected to be better prepared for the future business landscape and better equipped to weather unforeseen challenges.

To assess whether the future of work figures more prominently 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 the future of work at least once in filings over the last twelve months – it was 55% compared to 15% in 2016. Second, we calculated the percentage of the total sentences analyzed that referred to the future of work.

Among the 10 largest employers in the maritime industry, Post Italiane is the company that spoke the most about the future of work in 2021. GlobalData has identified 20 future of work-related sorrows in the company’s records based in Italy, i.e. 0.15% of all sentences. Yamato mentioned the future of work in second place – the issue was mentioned in 0.05% of sentences in company filings. DSV, Royal Mail and Alstom are other top employers with high mentions on the future of work.

Of all companies in the maritime sector, the dossier released in the fourth quarter of 2021 that placed the most emphasis on the future of work came from Turkish Airlines. Of the 1,430 sentences in the document, five (0.4%) referred to the future of work.

This analysis provides a rough indication of which companies are focusing on the future of work and the importance of the issue within the maritime industry, but it also has limitations and should be interpreted with caution. For example, a company that mentions the future of work more regularly is not necessarily evidence that it is using new techniques or prioritizing the issue, nor does it indicate whether companies in the company in the future of work have been successes or failures.

GlobalData also categorizes mentions of the future of work according to a series of subtopics. Of these subtopics, the most commonly mentioned topic in Q4 2021 was “collaboration tools,” which accounted for 60% of all future of work subtopic mentions by maritime companies.