Northampton, MA –News Direct– Yum China
Yum China Holdings, Inc. (the “Company” or “Yum China”, NYSE: YUMC and HKEX: 9987) reaffirmed its commitment to reducing food waste through the gradual expansion of its existing food bank pilot program to cover more shops and cities. across China. The program works in cooperation with local authorities to distribute surplus food from stores to nearby residents in need.
Yum China strives to reduce food waste by using technologies such as AI and IoT to improve sales forecast accuracy and inventory management. Since store traffic is affected by many variable factors such as weather, stores can sometimes have unsold items. In September 2020, KFC launched its food bank pilot program in Shenzhen to distribute surplus food for free to nearby residents in need. By the end of 2021, the food bank program covers more than 120 KFC restaurants in 27 cities.
“At Yum China, we not only focus on active management with our AI-based system, but we also take innovative approaches to help reduce food waste,” said Joey Wat, CEO of Yum China. “Achieving the positive impacts of reducing food waste requires collaboration and partnership. We will continue to mobilize our customers and other stakeholders to reduce food waste, which in turn will benefit the economy, the 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 drop-off date and consumption instructions 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 United Nations Sustainable Development Goal of Responsible Consumption and Production. Meanwhile, Yum China is actively supporting the Chinese government’s “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 creating 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 help build a responsible and sustainable society.
About Yum China Holdings, Inc.
Yum China Holdings, Inc. is a licensee of Yum! brands in mainland China. It holds the exclusive mainland Chinese rights to KFC, China’s leading quick-service restaurant brand, Pizza Hut, China’s leading casual dining brand, and Taco Bell, a California-based restaurant chain serving innovative cuisine from around the world. Mexican inspiration. Yum China also owns Little Sheep, Huang Ji Huang, East Dawning, and COFFii & JOY concepts. Additionally, Yum China has partnered with Lavazza to explore and develop the Lavazza coffee concept in China. The Company had 11,788 restaurants in more than 1,600 cities at the end of December 2021.
In 2021, Yum China ranked No. 363 on the Fortune 500 list and was named to the TIME100 list of most influential companies. Yum China was also selected as a member of the two Dow Jones Sustainability Indexes (DJSI): Global Index and Emerging Markets Index. In 2022, the company was named to the Bloomberg Gender-Equality Index and was certified Top Employer 2022 in China by the Top Employers Institute, both for the fourth consecutive year. For more information, please visit http://ir.yumchina.com.
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