Mentions of robotics within the filings of companies in the retail sector fell 65% between the third and fourth quarters of 2021.
In total, the frequency of sentences related to robotics during 2021 was 275% higher than in 2016 when GlobalData, from whom our data for this article is taken, first began to track the key issues referred to in company filings.
When retail 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. 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 retail companies, two measures were calculated. Firstly, we looked at the percentage of companies which have mentioned robotics at least once in filings during the past twelve months - this was 17% compared to 8% in 2016. Secondly, we calculated the percentage of total analysed sentences that referred to robotics.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Of the 10 biggest employers in the retail sector, Kroger was the company which referred to robotics the most during 2021. GlobalData identified six robotics-related sentences in the United States-based company's filings - 0.11% of all sentences. Target mentioned robotics the second most - the issue was referred to in 0.06% of sentences in the company's filings. Other top employers with high robotics mentions included Magnit, Walmart and Amazon.
This analysis provides an approximate indication of which companies are focusing on robotics and how important the issue is considered within the retail sector, 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.
In the last quarter, retail companies based in Western Europe were most likely to mention robotics with 0.03% of sentences in company filings referring to the issue. In contrast, companies with their headquarters in the United States mentioned robotics in just 0.01% of sentences.