SHANGHAI, Oct. 18, 2021 /PRNewswire/ -- Yum
China Holdings, Inc. (the "Company" or "Yum
China", NYSE: YUMC and HKEX: 9987) has reaffirmed its
commitment to reducing food waste through the gradual expansion of
its existing pilot Food Bank program to cover more stores and
cities across China. The program works in cooperation with local
authorities to distribute surplus food at stores to nearby
residents in need.
Yum China has been working on
reducing food waste by employing technology, such as AI and IoT, to
improve sales forecasting accuracy and inventory management. As
store traffic is affected by many variable factors such as the
weather, stores may occasionally have food left unsold. In
September 2020, KFC launched its
pilot Food Bank program in Shenzhen to distribute surplus food for free
to nearby residents in need. As of the end of September 2021, the Food Bank program covers over
100 KFC restaurants in 18 cities.
"At Yum China, we not only focus on active management with our
AI-empowered system, but also adopt innovative approaches, to help
reduce food waste," said Joey Wat,
CEO of Yum China. "Realizing the
positive impacts of reducing food waste requires collaboration and
partnership. We will continue to engage our customers and other
stakeholders to mitigate food waste which in turn will benefit the
economy, environment and society."
The Food Bank program involves establishing food bank pick-up
stations at participating stores to ensure that unsold food in the
store that day is properly collected, packaged and frozen.
Information such as the date of deposit and the consumption
guidelines are clearly marked on each packaging bag.
The Food Bank program is designed to support China's national
campaign against food waste and contribute to the UN's Sustainable
Development Goal for responsible consumption and production.
Meanwhile, Yum China actively
supports China's government-led "Empty Your Plate" campaign to
eliminate food waste, with anti-food waste posters and slogans
prominently displayed in stores.
Yum China strives to establish a
responsible ecosystem by building sustainable restaurants, creating
a sustainable supply chain with partners, and building sustainable
communities with all stakeholders. In combination with several
other waste reduction initiatives already implemented by
Yum China, the Food Bank program is
an important initiative for the Company to reduce food waste and
contribute to building a responsible and sustainable society.
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. We intend all
forward-looking statements to be covered by the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
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,"
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"belief," "aim," "plan," "estimate," "target," "predict,"
"project," "likely," "will," "continue," "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 or events
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 subsequent
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 11,023 restaurants in
over 1,500 cities at the end of June
2021. Yum China ranked # 363
on the Fortune 500 list and was named to TIME100 Most Influential
Companies list in 2021. 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.