The global foodservice industry experienced a 47% drop in company filings mentions of digitalization in Q2 2023 compared with the previous quarter, with the highest share accounted for by Starbucks with 39% year-on-year increase, according to GlobalData’s analysis of over 67 foodservice company filings. GlobalData’s Top Themes in Consumer, Packaging and Foodservice – Thematic Intelligence report identifies the leading themes such as digitalization that will impact the consumer goods, packaging, and foodservice sectors, trend highlights and opportunities, and provides an understanding of how conflicting themes might interact with one anothe Buy the report here.
Smarter leaders trust GlobalData
Notably, digitalization was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of big data and individualism & expression, according to GlobalData.
Of the top leading companies in the foodservice industry, Starbucks had the greatest increase in references for digitalization in Q2 2023, compared with the previous quarter. GlobalData identified 25 digitalization-related sentences in the company's filings - 0.9% of all sentences - and an increase of 39% in Q2 2023 compared with Q2 2022. Chipotle Mexican Grill’s mentions of digitalization rose by 16% to 22 and McDonald's’s by 36% to 16 and DoorDash’s by 8% to 12 and Compass Group’s by 50% to 6.
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 digitalization in Q2 2023 was 112.
For further understanding of GlobalData's Top Themes in Consumer, Packaging and Foodservice, 2023 – Thematic Intelligence buy the report here.
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
