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November 5, 2021updated 27 Jan 2022 10:52am

What happened to ‘cloud computing’ references by beverage companies in Q2? – focus

While the appearance of the term 'cloud computing' fell in Q2 versus Q1, appetite among brand owners has remained high over the last five years.

By Andrew Hillman

References to ‘cloud computing’ by beverage companies plummeted in the second three months of 2021 compared to the previous quarter, according to GlobalData.

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Research into filings submitted by companies operating in drinks shows that mentions of the term declined by 68% in the three months to the end of June on Q1 2021. However, in the 12 months to June, the frequency of the appearance of ‘cloud computing’ in drinks company filings was 380% higher than in 2016, when GlobalData commenced its reference tracking of the industry’s key issues.

 

Of the 20 largest beverage companies, Pernod Ricard referred to 'cloud computing' the most between July 2020 and June 2021. GlobalData identified five cloud-related sentences in the group's filings. Coca-Cola FEMSA was second over the 12 months, followed by Taiwan-based Tingyi Holding Corp, which handles Starbucks' RTD portfolio in China, as well as Molson Coors Beverage Co and Moet Hennessy parent LVMH Moet Hennessy Louis Vuitton.

In the second quarter, drinks companies based in the US were most likely to mention 'cloud computing', with 0.04% of sentences in filings referring to the issue. In contrast, companies with their headquarters in Asia referenced the term in just 0.01% of sentences.

 

GlobalData analyses the text of annual and quarterly reports, ESG reports and other filings, to identify individual sentences that relate to disruptive forces - such as cloud computing - facing companies in the coming years. According to the data analytics and consulting group, companies that are investing in these areas will be better prepared for the future business landscape and to survive unforeseen challenges.

Related Companies

Free Whitepaper
img

What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.

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