Automotive industry

Auto filing buzz: Future of work mentions down 31% since Q1 2021

Mentions of the future of work in automotive company filings were 31% lower in the first quarter of 2022 compared to the first quarter of 2021.

In total, the frequency of phrases related to the future of work between April 2021 and March 2022 was 219% higher than in 2016 when GlobalData, from which our data is drawn for this article, began tracking the top issues discussed in businesses. deposits.

When companies in the automotive industry publish annual and quarterly reports, ESG reports and other documents, GlobalData analyzes the text and identifies individual phrases related to the disruptive forces 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 figures more prominently in the summaries and strategies of companies in the automotive industry, two measures were calculated. First, we looked at the percentage of companies that mentioned the future of work at least once in filings over the last twelve months – it was 59% compared to 23% in 2016. Second, we calculated the percentage of the total sentences analyzed that referred to the future of work.

Among the 10 largest employers in the auto industry, Ford is the company that discussed the future of work the most between April 2021 and March 2022. GlobalData has identified 12 future work-related sentences in documents filed by the US-based company – 0.09% of all phrases. Lear mentioned the future of work in second place – the issue was mentioned in 0.07% of sentences in company filings. Stellantis, Mercedes-Benz and Toyota are other top employers with high mentions on the future of work.

Of all the companies in the automotive industry, the dossier released in the first quarter of 2022 that put the most emphasis on the future of work came from Tofas. Of the 2,359 sentences in the document, five (0.2%) referred to the future of work.

This analysis provides a rough indication of which companies are focusing on the future of work and how important the issue is in the auto industry, but it also has limitations and should be interpreted with caution. For example, a company that mentions 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 companies in the company in the future of work have been successes or failures.

GlobalData also categorizes mentions of the future of work according to a series of subtopics. Of these sub-topics, the most commonly mentioned topic in Q1 2022 was “robotic process automation,” which accounted for 78% of all future of work sub-topic mentions by companies across the country. automobile industry.