Mentions of robotics within the filings of companies in the food manufacturing industry were 17% higher between April 2021 and March 2022 than in 2016, according to the latest analysis of data from GlobalData.
When food manufacturers publish annual and quarterly reports, ESG reports and other filings, GlobalData analyses the text and identifies individual sentences that relate to disruptive forces facing companies in the coming years. Robotics is one of these topics – companies that excel and invest in these areas are thought to be better prepared for the future business landscape and better equipped to survive unforeseen challenges.
To assess whether robotics is featuring more in the summaries and strategies of food manufacturing companies, two measures were calculated. Firstly, we looked at the percentage of companies that have mentioned robotics at least once in filings during the past twelve months – this was 16% compared to 8% in 2016. Secondly, GlobalData calculated the percentage of total analysed sentences that referred to robotics.
Of the ten biggest employers in the food manufacturing industry, Tyson Foods was the company that referred to robotics the most between April 2021 and March 2022.
This analysis provides an approximate indication of which companies are focusing on robotics and how important the issue is considered within the food manufacturing industry, but it also has limitations and should be interpreted carefully. For example, a company mentioning robotics more regularly is not necessarily proof that they are utilising new techniques or prioritising the issue, nor does it indicate whether the company's ventures into robotics have been successes or failures.