The global retail industry experienced a 14% decline in the number of social responsibility-related patent applications in Q2 2023 compared with the previous quarter. The total number of social responsibility-related grants dropped by 52% in Q2 2023, according to GlobalData’s Patent Analytics. The key social themes, commitment details of leading companies to social responsibility, and discussions and hiring activity for social responsibility in Retail and 15 other key sectors are covered in GlobalData’s Social Responsibility Trends by Sector – Thematic Intelligence report. Buy the report here.
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Notably, the number of social responsibility-related patent applications in the retail industry was 67 in Q2 2023, versus 78 in the prior quarter.
The top five companies accounted for 57% of patenting activity
Analysis of patenting activity by companies shows that NIKE filed the most social responsibility patents within the retail industry in Q2 2023. The company filed 26 social responsibility-related patents in the quarter, compared with 29 in the previous quarter. It was followed by adidas with 5 social responsibility patent filings, Lululemon Athletica (3 filings), and Levi Strauss & Co (2 filings) in Q2 2023.
Patenting activity was driven by the US with a 54% share of total patent filings
The largest share of social responsibility related patent filings in the retail industry in Q2 2023 was in the US with 54%, followed by China (15%) and Japan (4%). The share represented by the US was 1% higher than the 53% share it accounted for in Q1 2023.
For further understanding of GlobalData's Social Responsibility Trends by Sector – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
