SHANGHAI, March 26, 2021 /PRNewswire/ -- Yum China
Holdings, Inc. (the "Company" or "Yum
China", NYSE: YUMC and HKEX: 9987) announced the
establishment of its Southwest Supply Chain Support Center in
Chengdu's Chongzhou district
during a groundbreaking ceremony today.
The Southwest Supply Chain Support Center in Chengdu is Yum
China's first greenfield project, with a total investment of
approximately RMB 183 million. It
covers an area of approximately 34,000 square meters and is
expected to be ready for service by mid-2022. The center combines
integrated supply chain services, Internet of Things (IoT)
technology, big data platforms and high-quality cold chain
logistics facilities. It will further enhance Yum China's supply chain capabilities and cold
chain logistics service in Southwest
China and support the Company's rapid development.
![Project rendering of the Southwest Supply Chain Support Center in Chengdu Project rendering of the Southwest Supply Chain Support Center in Chengdu](https://mma.prnewswire.com/media/1474760/2.jpg)
"From the opening of the first KFC store in 1987, to over 10,000
stores in more than 1,500 cities today, a world-class smart,
efficient and agile supply chain has always been essential to our
growth," said Joey Wat, CEO of
Yum China. "The pandemic in 2020
reinforced Yum China's determination
to further invest in our supply chain infrastructure to better
respond to external challenges. Looking forward, Yum China aims to create a stronger and more
agile supply chain network to support the Company's long-term
growth, allowing us to reach the goal of 20,000 stores even
faster."
Since entering China more than 30 years ago, Yum China has invested heavily in the creation
of a world-class supply chain management system that covers all
stages from farm to fork. As of the end of 2020, Yum China had 25 logistics centers and 7
consolidation centers, covering more than 1,500 cities.
Yum China also utilizes extra
capacity of logistics facilities to provide one-stop customized
solutions to third parties. An advanced and comprehensive cold
chain design is employed at logistics facilities to ensure that the
temperatures of chillers, freezers, inbound and outbound deliveries
always meet Yum China's
standards.
Since 2016, Yum China has
embarked on an intelligent supply chain initiative that utilizes
big data, IoT, artificial intelligence, and other cutting-edge
technologies. The Company has established an intelligent supply
chain that ensures food safety and quality management throughout
the value chain. Yum China's
intelligent IoT platform enables real-time monitoring of products
and ambient temperature in in-transit vehicles across the country.
The warehouse management system (WMS) is also in place to enable
product e-tracking from suppliers to logistics centers, and to
restaurants.
In the future, Yum China plans to
step up investment in digital, logistics and other operational
infrastructure, and work with partners to jointly build an
innovative and industry leading supply chain.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking
statements generally can be identified by the fact that they do not
relate strictly to historical or current facts and by the use of
forward-looking words such as "expect," "expectation," "believe,"
"anticipate," "may," "could," "intend," "belief," "plan,"
"estimate," "target," "predict," "likely," "will," "should,"
"forecast," "outlook," "look forward to" or similar terminology.
These statements are based on current estimates and assumptions
made by us in light of our experience and perception of historical
trends, current conditions and expected future developments, as
well as other factors that we believe are appropriate and
reasonable under the circumstances, but there can be no assurance
that such estimates and assumptions will prove to be correct.
Forward-looking statements are not guarantees of performance and
are inherently subject to known and unknown risks and uncertainties
that are difficult to predict and could cause our actual results to
differ materially from those indicated by those statements. We
cannot assure you that any of our expectations, estimates or
assumptions will be achieved. The forward-looking statements
included in this press release are only made as of the date of this
press release, and we disclaim any obligation to publicly update
any forward-looking statement to reflect subsequent events or
circumstances, except as required by law. All forward-looking
statements should be evaluated with the understanding of their
inherent uncertainty. You should consult our filings with the
Securities and Exchange Commission (including the information set
forth under the captions "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations " in our Annual Report on Form 10-K and our Quarterly
Reports on Form 10-Q) for additional detail about factors that
could affect our financial and other results.
About Yum China Holdings, Inc.
Yum China Holdings, Inc. is a licensee of Yum! Brands in
mainland China. It has exclusive rights in mainland China to KFC,
China's leading quick-service restaurant brand, Pizza Hut, the
leading casual dining restaurant brand in China, and Taco Bell, a California-based restaurant chain serving
innovative Mexican-inspired food. Yum
China also owns the Little Sheep, Huang Ji Huang, East Dawning and COFFii &
JOY concepts outright. In addition, Yum
China has partnered with Lavazza to explore and develop the
Lavazza coffee shop concept in China. The Company had 10,506 restaurants in
over 1,500 cities at the end of December
2020. Yum China ranked # 361 on the Fortune 500 list
for 2020. Yum China has been named
the Industry Leader for the Restaurant & Leisure Facilities
Industry in the 2020 Dow Jones Sustainability Indices. In 2021,
Yum China was named to the Bloomberg
Gender-Equality Index and was certified as a Top Employer 2021 in
China by the Top Employers
Institute, both for the third consecutive year. For more
information, please visit http://ir.yumchina.com.
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SOURCE Yum China Holdings, Inc.