Mentions of cloud computing within the filings of companies in the beverages industry were 25% higher in the second quarter of 2022 year-on-year, according to the latest analysis from GlobalData.
In total, the frequency of sentences related to cloud computing between July 2021 and June 2022 was 400% higher than in 2016 when GlobalData, Just Drinks’ parent, first began to track the key issues referred to in company filings.
When drinks manufacturing companies 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. Cloud computing 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 cloud computing is featuring more in the summaries and strategies of food manufacturing companies, GlobalData calculates two measures. It looks at the percentage of companies that have mentioned big data at least once in filings during the past twelve months – this was 33% compared to 8% in 2016. It also calculates the percentage of total analysed sentences that referred to the topic.
Of the 20 biggest employers in the beverages industry, Pernod Ricard was the company that referred to cloud computing the most between July 2021 and June 2022. GlobalData identified two cloud-related sentences in the France-based company's filings – 0.07% of all sentences.
In the last quarter, drinks manufacturing companies based in western Europe were most likely to mention cloud computing with 0.01% of sentences in company filings referring to the issue.
This analysis provides an approximate indication of which companies are focusing on cloud computing and how important the issue is considered within the beverages industry, but it also has limitations and should be interpreted carefully. For example, a company mentioning cloud computing 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 cloud computing have been successes or failures.