BEIJING, Nov. 28,
2024 /PRNewswire/ -- Yum China Holdings, Inc. (the
"Company" or "Yum China") (NYSE:
YUMC; HKEX: 9987) officially launched its digital supplier
recruitment platform, extending an open invitation to high-quality
enterprises from around the world to join its supply chain network
at the 2nd China International Supply Chain Expo.
The platform enables potential suppliers to conveniently submit
their credentials to Yum China
online, representing a significant shift from traditional supplier
selection to a dynamic, interactive and data-driven process. By
simplifying supplier engagement, the platform significantly reduces
the manual workload and time needed for supplier evaluation while
promoting transparency and fairness in selection.
As part of Yum China's broader
efforts to enhance efficiency under its "Spend Better, Buy Better"
initiative, the platform enables the company to connect with more
high-quality global suppliers, helping us deliver better products
to Chinese consumers.
Since the platform's pilot launch in April 2024, it has attracted applications in over
30 categories, already covering more than a third of the Company's
total categories.
At the launch ceremony, Yum China
signed agreements of intent to collaborate with both domestic and
international companies. These new partnerships will focus on
sourcing and product innovation to better deliver exceptional
culinary experiences for our customers.
Over the years, Yum China has
built a world-class supply chain management system, comprised of
over 800 core suppliers across a variety of categories, including
food ingredients, beverages, packaging materials, construction,
warehousing, and transportation. Harnessing this vast network,
Yum China deploys innovative
procurement strategies to deliver safe, delicious, and diverse menu
options tailored to the evolving preferences of Chinese
consumers.
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, including under
"2024 Outlook." 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," "expectation," "believe," "anticipate," "may,"
"could," "intend," "belief," "plan," "estimate," "target,"
"predict," "project," "likely," "will," "continue," "should,"
"forecast," "outlook," "commit" 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 include, without limitation, statements regarding the
future strategies, growth, business plans, investments, store
openings, capital expenditures, dividend and share repurchase
plans, CAGR for system sales, operating profit and EPS, earnings,
performance and returns of Yum
China, anticipated effects of population and macroeconomic
trends, pace of recovery of Yum
China's business, the anticipated effects of our innovation,
digital and delivery capabilities and investments on growth and
beliefs regarding the long-term drivers of Yum China's business. 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. Numerous factors could
cause our actual results or events to differ materially from those
expressed or implied by forward-looking statements, including,
without limitation: whether we are able to achieve development
goals at the times and in the amounts currently anticipated, if at
all, the success of our marketing campaigns and product innovation,
our ability to maintain food safety and quality control systems,
changes in public health conditions, our ability to control costs
and expenses, including tax costs, as well as changes in political,
economic and regulatory conditions in China, and those set forth under the caption
"Risk Factors" in our Annual Report on Form 10-K and subsequent
Quarterly Reports on Form 10-Q). In addition, other risks and
uncertainties not presently known to us or that we currently
believe to be immaterial could affect the accuracy of any such
forward-looking statements. 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 caption
"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 is the largest
restaurant company in China with a
mission to make every life taste beautiful. The Company has
approximately 400,000 employees and operates over 15,000
restaurants under six brands across around 2,200 cities in
China. KFC and Pizza Hut are the
leading brands in the quick-service and casual dining restaurant
spaces in China, respectively. In
addition, Yum China has partnered
with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine.
Taco Bell offers innovative Mexican-inspired food. Yum China has a world-class, digitalized supply
chain, which includes an extensive network of logistics centers
nationwide and an in-house supply chain management system. Its
strong digital capabilities and loyalty program enable the Company
to reach customers faster and serve them better. Yum China is a Fortune 500 company with the
vision to be the world's most innovative pioneer in the restaurant
industry. For more information, please visit
http://ir.yumchina.com.
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SOURCE Yum China Holdings, Inc.
