The global packaging industry experienced a 69% drop in company filings mentions of ecommerce in Q3 2023 compared with the previous quarter, with the highest share accounted for by Smurfit Kappa Group with 83% year-on-year decrease, according to GlobalData’s analysis of over 258 packaging company filings. GlobalData’s Packaging: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the packaging 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, ecommerce was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of omnichannel and experience economy, according to GlobalData.
Of the top leading companies in the packaging industry, Smurfit Kappa Group had the greatest increase in references for ecommerce in Q3 2023, compared with the previous quarter. GlobalData identified one ecommerce-related sentences in the company's filings - 0.1% of all sentences - and a decrease of 83% in Q3 2023 compared with Q3 2022.
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 ecommerce in Q3 2023 was 98.
For further understanding of GlobalData's Packaging: Filings Trends & Signals Q3 2023, buy the report here.