Mentions of robotics in filings by food manufacturers fell by more than a fifth year-on-year in the fourth quarter of 2021, according to analysis by GlobalData.
The number of times robotics was cited in filings fell 22% in the last three months of the year, compared to the corresponding period in 2020, the data and analytics group said.
However, in total, the frequency of robotics-related convictions in 2021 was 14% higher than in 2016, when GlobalData, the parent company of Just Food, began tracking key issues mentioned in company filings. .
When food manufacturing companies 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. 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 features more in the summaries and strategies of food manufacturing companies, GlobalData calculates two metrics. It looks at the percentage of companies that mentioned robotics at least once in filings over the last twelve months – it was 16% compared to 9% in 2016. It also calculates the percentage of total analyzed phrases that refer to the robotics.
Last month, GlobalData reported how the proportion of food manufacturers hiring for robotics-related positions increased in March compared to the equivalent month last year, even though recruitment in the region was down from to February.
This analysis provides a rough indication of which companies are focusing on robotics and how big the problem is in the food and beverage 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.
Just food reporting: Covid-19 two years on – how the pandemic has changed how food groups work