The global consumer industry experienced a 77% drop in company filings mentions of COVID-19 in Q2 2023 compared with the previous quarter, with the highest share accounted for by Kao with 592% year-on-year increase, according to GlobalData’s analysis of over 684 consumer company filings. GlobalData’s COVID-19 Cross-Sector Impact – Thematic Research report helps understand how the effect of COVID-19 on Consumer sector compares with 17 other key sectors, in terms of equity indices, M&A volumes, jobs index, and filings. Buy the report here.
Notably, COVID-19 was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of artificial intelligence and autonomous vehicles, according to GlobalData.
Of the top leading companies in the consumer industry, Kao had the greatest increase in references for COVID-19 in Q2 2023, compared with the previous quarter. GlobalData identified 83 COVID-19-related sentences in the company's filings - 1% of all sentences - and an increase of 500% in Q2 2023 compared with Q2 2022. Estee Lauder’s mentions of COVID-19 rose by 100% to 43 and Unicharm’s by 2300% to 24 and Campbell Soup’s by 100% to 16 and Imperial Brands’s by 100% to 16.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for COVID-19 in Q2 2023 was 142.
To further understand GlobalData's analysis on COVID-19 Cross-Sector Impact - Thematic Research, buy the report here.