The global consumer industry experienced a 65% drop in company filings mentions of digitalization in Q3 2023 compared with the previous quarter, with the highest share accounted for by Diageo with 88% year-on-year increase, according to GlobalDataâ€™s analysis of over 367 consumer company filings. GlobalData’s Consumer: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the consumer industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, digitalization was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of Covid-19 and environment, according to GlobalData.
Of the top leading companies in the consumer industry, Diageo had the greatest increase in references for digitalization in Q3 2023, compared with the previous quarter. GlobalData identified 77 digitalization-related sentences in the company's filings - 0.6% of all sentences - and an increase of 88% in Q3 2023 compared with Q3 2022. Dabur Indiaâ€™s mentions of digitalization dropped by 17% to 62 and LG Electronicsâ€™s by 60% to 16 and Nestleâ€™s by 38% to 15 and Procter & Gambleâ€™s by 7% to 14.
GlobalDataâ€™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 digitalization in Q3 2023 was 99.
For further understanding of GlobalData's Consumer: Filings Trends & Signals Q3 2023, buy the report here.