Mentions of cloud computing within the public filings of drinks manufacturers were 26% lower in the first quarter year-on-year, analysis claims.
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 drinks manufacturing companies, GlobalData calculates two measures. It looks at the percentage of companies that have mentioned the future of work at least once in filings during the past twelve months – this was 29% compared to 8% in 2016. It also calculates the percentage of total analysed sentences that referred to the future of work.
Of the 20 biggest employers in the beverages industry, Pernod Ricard was the company that referred to cloud computing the most between April 2021 and March 2022. GlobalData identified two cloud-related sentences in the France-based company's filings – 0.1% 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.