Unilever, Wilmar International and Associated British Foods were among the top food makers that most often mentioned the future of work in their public documents in 2021, the data showed.
Among the ten largest employers in the food industry, Unilever was the company that spoke the most about the future of work in 2021. Data and analysis group GlobalData identified 14 phrases related to the future of work. work in the files of the giant FMCG – equal to 0.14% of all sentences.
Singapore-based Wilmar International mentioned the concept second most often. The issue was mentioned in 0.11% of sentences in Wilmar’s documents. Associated British Foods, Grupo Bimbo and Itochu are among the other top employers with high mentions on the future of work.
Going back to 2016, mentions of the future of work in filings by food and beverage companies were 1,567% higher in 2021 than five years earlier, according to the latest data analysis from GlobalData.
When food manufacturing companies publish annual and quarterly reports, ESG reports and other documents, GlobalData analyzes the text and identifies individual phrases related to the disruptive forces the companies will face in the years to come. The future of work is one such topic – companies that excel and invest in these areas are expected to be better prepared for the future business landscape and better equipped to weather unforeseen challenges.
To assess whether the future of work features more prominently in food manufacturing companies’ summaries and strategies, GlobalData calculates two measures. It examines the percentage of companies that have mentioned big data at least once in filings over the last twelve months – this figure was 54% compared to 7% in 2016. It also calculates the percentage of the total analyzed sentences referring to big data.
GlobalData also categorizes mentions of the future of work according to a series of subtopics. Of these subtopics, the most frequently mentioned topic in Q4 2021 was “robotic process automation,” which accounted for 33% of all subtopic mentions by food manufacturers related to the future of work.
This analysis provides a rough indication of which companies are focusing on the future of work and the importance of the issue in the agribusiness industry, but it also has limitations and should be interpreted with caution. For example, a company mentioning the future of work more regularly is not necessarily evidence that it is using new techniques or prioritizing the issue, nor does it indicate whether the companies in the company in the future of work have been successes or failures..