Yum China Leverages Technology To Expand Stores Without Adding More Staff: Report
Portfolio Pulse from Akanksha Bakshi
Yum China Holdings Inc (NYSE:YUMC) is increasing its investments in technology to expand its number of stores without needing additional employees. The company plans to invest $3.5 billion to $5 billion over the next three years to grow its store network, enhance the supply chain, and improve digital capabilities. Yum China is also constructing additional logistics centers to incorporate advanced technology into their supply chain operations and lower carbon emissions. The company's shares are trading higher by 1.85% at $57.12 premarket on Friday.
September 15, 2023 | 1:16 pm
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Yum China's increased investment in technology and plans for expansion are likely to have a positive impact on its stock price in the short term.
Yum China's increased investment in technology and expansion plans indicate a strong growth strategy, which is likely to be viewed positively by investors. This, coupled with the company's efforts to enhance its supply chain and lower carbon emissions, could lead to a rise in its stock price in the short term.
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