Mes: enero 2021

KFC and Pizza Hut Launch New Plastic Reduction Initiatives in China

  • Yum China steps up efforts to provide sustainable options for consumers
  • 30% reduction of non-degradable plastic packaging weight by 2025

SHANGHAI, Jan. 5, 2021 /PRNewswire/ — Yum China Holdings, Inc. (the «Company» or «Yum China«, NYSE: YUMC and HKEX: 9987) announced that it has launched a series of plastic reduction and environmentally friendly packaging initiatives across its brands in line with the…

  • Yum China steps up efforts to provide sustainable options for consumers
  • 30% reduction of non-degradable plastic packaging weight by 2025

SHANGHAI, Jan. 5, 2021 /PRNewswire/ — Yum China Holdings, Inc. (the «Company» or «Yum China«, NYSE: YUMC and HKEX: 9987) announced that it has launched a series of plastic reduction and environmentally friendly packaging initiatives across its brands in line with the latest regulations in China. This includes replacing existing plastic packaging with paper straws, paper bags, and biodegradable plastic bags. As a result of these initiatives, Yum China expects a reduction of approximately 8,000 tons of non-degradable plastics annually starting from 2021.

KFC Be Natural Be You

KFC China recently launched a «Be Natural, Be You» sustainability campaign to enhance consumers’ awareness of environmental protection and encourage more sustainable lifestyles, including reducing the use of disposable plastic packaging and better waste sorting. From January 2021, all KFC restaurants in mainland China will stop using plastic straws and over 90% of KFC restaurants will replace disposable plastic cutlery with wooden cutlery for dine-in and takeaway. In addition, non-degradable plastic bags used for delivery and takeaway in over 50% KFC restaurants will be replaced with paper bags or biodegradable plastic bags. By the end of 2025, all KFC restaurants will phase out non-degradable plastic bags and cutlery in mainland China.

Reducing the use of disposable plastic packaging

As of the end of 2020, all Pizza Hut restaurants in mainland China have eliminated the use of plastic straws. At the same time, over 70% of Pizza Hut restaurants across the country have replaced existing plastic bags with paper bags or biodegradable plastic bags. Building on these achievements, Pizza Hut will eliminate the use of non-degradable plastic bags by the end of 2022.

Reducing the use of disposable plastic packaging

In addition to complying with regulatory requirements, these latest actions reflect Yum China’s company-wide packaging strategy that aims to reduce disposable packaging from source through the use of new packaging solutions, new materials, as well as innovative technologies. The strategy includes ensuring that all customer facing, plastic-based packaging is recyclable, refusing to purchase paper products from suppliers that knowingly cause deforestation, and working towards a 30% reduction on non-degradable plastic packaging weight by 2025.

«The new plastic reduction initiatives reinforce our sustainability strategy to drive meaningful change through packaging innovation and reduction.» said Joey Wat, CEO of Yum China. «In line with our long-term commitment of supporting economic, social and environmental development, we are committed to working with customers, partners, and all other stakeholders to promote a more sustainable future.»

Guided by our Sustainability 4R Principles (Reduce, Reuse, Recycle and Replace), Yum China has been exploring more eco-friendly materials and designs to reduce disposable packaging from source of use and seek behavioral change among the public. Since 2017, KFC China has provided a «No Cutlery» option for customers when placing an order via its Super APP to encourage customers to reduce the use of disposable packaging. In addition, KFC China rolled out reusable serving baskets in 2019, which saved more than 2,000 tons of paper packaging and reduced restaurant waste in 2019 by approximately 20%. In addition to the reusable serving basket program, KFC China launched the Grassland Restoration Initiative in 2019, which encouraged over 200,000 people to give their support to the restoration of more than 1 million square meters of grassland in Inner Mongolia.

In 2020, Yum China was named the Industry Leader for the Restaurant & Leisure Facilities Industry in Dow Jones Sustainability Indices (DJSI) in recognition of the Company’s strong performance across economic, environmental and social dimensions. Yum China was also selected as a member of 2020 DJSI World and DJSI Emerging Markets. By making sustainable development an integral part of business operations, Yum China is committed to promoting mutually beneficial stakeholder relationships that enhance the Company’s long-term value.

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. Yum China also partners with Lavazza to explore and develop the Lavazza coffee shop concept in China. The Company had 10,150 restaurants in over 1,400 cities at the end of September 2020. Yum China ranked # 361 on the Fortune 500 list for 2020. In 2020, Yum China was named to the Bloomberg Gender-Equality Index and was certified as a Top Employer 2020 in China by the Top Employers Institute, both for the second consecutive year. For more information, please visit http://ir.yumchina.com.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/kfc-and-pizza-hut-launch-new-plastic-reduction-initiatives-in-china-301200752.html

SOURCE Yum China Holdings, Inc.

KFC and Pizza Hut Launch New Plastic Reduction Initiatives in China

  • Yum China steps up efforts to provide sustainable options for consumers
  • 30% reduction of non-degradable plastic packaging weight by 2025

SHANGHAI, Jan. 5, 2021 /PRNewswire/ — Yum China Holdings, Inc. (the «Company» or «Yum China«, NYSE: YUMC and HKEX: 9987) announced that it has launched a series of plastic reduction and environmentally friendly packaging initiatives across its brands in line with the…

  • Yum China steps up efforts to provide sustainable options for consumers
  • 30% reduction of non-degradable plastic packaging weight by 2025

SHANGHAI, Jan. 5, 2021 /PRNewswire/ — Yum China Holdings, Inc. (the «Company» or «Yum China«, NYSE: YUMC and HKEX: 9987) announced that it has launched a series of plastic reduction and environmentally friendly packaging initiatives across its brands in line with the latest regulations in China. This includes replacing existing plastic packaging with paper straws, paper bags, and biodegradable plastic bags. As a result of these initiatives, Yum China expects a reduction of approximately 8,000 tons of non-degradable plastics annually starting from 2021.

KFC Be Natural Be You

KFC China recently launched a «Be Natural, Be You» sustainability campaign to enhance consumers’ awareness of environmental protection and encourage more sustainable lifestyles, including reducing the use of disposable plastic packaging and better waste sorting. From January 2021, all KFC restaurants in mainland China will stop using plastic straws and over 90% of KFC restaurants will replace disposable plastic cutlery with wooden cutlery for dine-in and takeaway. In addition, non-degradable plastic bags used for delivery and takeaway in over 50% KFC restaurants will be replaced with paper bags or biodegradable plastic bags. By the end of 2025, all KFC restaurants will phase out non-degradable plastic bags and cutlery in mainland China.

Reducing the use of disposable plastic packaging

As of the end of 2020, all Pizza Hut restaurants in mainland China have eliminated the use of plastic straws. At the same time, over 70% of Pizza Hut restaurants across the country have replaced existing plastic bags with paper bags or biodegradable plastic bags. Building on these achievements, Pizza Hut will eliminate the use of non-degradable plastic bags by the end of 2022.

Reducing the use of disposable plastic packaging

In addition to complying with regulatory requirements, these latest actions reflect Yum China’s company-wide packaging strategy that aims to reduce disposable packaging from source through the use of new packaging solutions, new materials, as well as innovative technologies. The strategy includes ensuring that all customer facing, plastic-based packaging is recyclable, refusing to purchase paper products from suppliers that knowingly cause deforestation, and working towards a 30% reduction on non-degradable plastic packaging weight by 2025.

«The new plastic reduction initiatives reinforce our sustainability strategy to drive meaningful change through packaging innovation and reduction.» said Joey Wat, CEO of Yum China. «In line with our long-term commitment of supporting economic, social and environmental development, we are committed to working with customers, partners, and all other stakeholders to promote a more sustainable future.»

Guided by our Sustainability 4R Principles (Reduce, Reuse, Recycle and Replace), Yum China has been exploring more eco-friendly materials and designs to reduce disposable packaging from source of use and seek behavioral change among the public. Since 2017, KFC China has provided a «No Cutlery» option for customers when placing an order via its Super APP to encourage customers to reduce the use of disposable packaging. In addition, KFC China rolled out reusable serving baskets in 2019, which saved more than 2,000 tons of paper packaging and reduced restaurant waste in 2019 by approximately 20%. In addition to the reusable serving basket program, KFC China launched the Grassland Restoration Initiative in 2019, which encouraged over 200,000 people to give their support to the restoration of more than 1 million square meters of grassland in Inner Mongolia.

In 2020, Yum China was named the Industry Leader for the Restaurant & Leisure Facilities Industry in Dow Jones Sustainability Indices (DJSI) in recognition of the Company’s strong performance across economic, environmental and social dimensions. Yum China was also selected as a member of 2020 DJSI World and DJSI Emerging Markets. By making sustainable development an integral part of business operations, Yum China is committed to promoting mutually beneficial stakeholder relationships that enhance the Company’s long-term value.

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. Yum China also partners with Lavazza to explore and develop the Lavazza coffee shop concept in China. The Company had 10,150 restaurants in over 1,400 cities at the end of September 2020. Yum China ranked # 361 on the Fortune 500 list for 2020. In 2020, Yum China was named to the Bloomberg Gender-Equality Index and was certified as a Top Employer 2020 in China by the Top Employers Institute, both for the second consecutive year. For more information, please visit http://ir.yumchina.com.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/kfc-and-pizza-hut-launch-new-plastic-reduction-initiatives-in-china-301200752.html

SOURCE Yum China Holdings, Inc.

Leading investors join international taskforce to curb climate change

AMSTERDAM, Jan. 5, 2021 /PRNewswire/ — During a summit organised by Techleap.nl, a non-profit organisation helping to quantify and accelerate the tech ecosystem of the Netherlands, leading investors agreed to join a taskforce to engage in international collaboration to curb climate change. The taskforce consists of a diverse group of investors with long-standing experience in the European venture market. Institutional investors, with a longer-term horizon, as well as…

AMSTERDAM, Jan. 5, 2021 /PRNewswire/ — During a summit organised by Techleap.nl, a non-profit organisation helping to quantify and accelerate the tech ecosystem of the Netherlands, leading investors agreed to join a taskforce to engage in international collaboration to curb climate change. The taskforce consists of a diverse group of investors with long-standing experience in the European venture market. Institutional investors, with a longer-term horizon, as well as public investors, will participate to build a framework to invest capital in innovations and technologies that bring long term solutions to the market. Additionally, best practices will be developed for public and private capital to be deployed where the largest impact on the climate and economy can be achieved.

Europe, and the Netherlands in particular, is home to a great number of startups and scaleups that relentlessly work towards curbing climate change. It is crucial that they are able to scale their solutions and ideas across borders. The Dutch government, and other governments across Europe, have released capital to support innovative growth companies. This will give a boost to the capital market, but more financing is needed and private investors must also be attracted to new initiatives. Techleap.nl research shows that lack of capital is the main reason preventing energy companies from growing and the recently published Atomico State Of European Tech 2020 report shows similar findings – 46 % of European tech founders cited access to capital as their main challenge in 2020.

To strengthen collaboration, co-investments, and growth in Europe, Techleap.nl will organise the taskforce around three main pillars; 1) LP/GP Co-investment framework, 2) Talent for Growth and 3) EU Tech IPO’s. A set of best practices and a framework will be developed for increased collaboration and capital deployment into start-ups and technologies that help to flatten the climate curve.

Parties that have already committed to the taskforce and will contribute through investment, insights, and lessons learned are: Bootstrap Europe; a lender that supports thriving industries across the globe, growth accelerator and impact investor Brabant Development Agency (BOM), global early-stage venture firm DN Capital, HPE Growth; a leading pan-European private equity firm focused on expansion/growth capital investments in technology companies, Invest-NL; a private impact investor committed to businesses and projects that will make the Netherlands more sustainable and innovative, MN; on behalf of the pension funds PMT and PME, one of the largest pension administrators and asset managers in the Dutch pension market, lifecycle financier InnovationQuarter, Rabobank’s Captive Investment Fund, a global life cycle investor focussing on building better and more sustainable food value chains, support of transitions to curb climate change and a more effective and efficient healthcare system; Rabo Corporate Investments, and international venture capital firm Vickers Venture Partners.

The taskforce is a direct result of The Flattening the Climate Curve LP/GP Investor Summit, where the world’s largest investors came together to mobilise smart capital and to improve the growth climate for the Dutch and the European tech ecosystem, sparked by insights shared by Larry Fink, Chairman, and CEO of BlackRock and Rebecca Henderson, Professor, Author, and Authority on Reimagining Capitalism.

During the summit, Larry Fink, Chairman, and CEO of BlackRock, said: «The absence of a significant tech industry in Europe has far-reaching repercussions for its long-term growth, but also for its dependence on other nations to provide key technologies. Today, more than ever, we need capital to finance sustainable innovation. Meeting these goals requires major investments to transition the European economy towards a carbon-neutral structure. European savers will need to become investors. The «sleeping money» in Europe needs to be awakened and put to work in productive investments.»

«Despite a global pandemic, we should not overlook other impending threats, such as climate change. As investors, we need to be addressing this crisis with urgency», Maurice van Tilburg, Managing Director Techleap.nl, added: «Currently there is not enough funding available in Europe for tech startups flattening the climate curve, and we believe that the capital that is available can be allocated in a smarter way. In the taskforce, we connect national and international investors to help companies in this segment accelerate and maximise their impact.»

Wouter Bos, CEO Invest-NL, said: «The current Covid-19 pandemic is only a temporary set-back with little or no effect on the fundamental transition towards a carbon neutral and circular economy. As an impact investor, we finance the technologies that enable this transition in the long run. With this taskforce we mobilise the capital and impact knowledge to further accelerate innovations on an international scale.»

Notes to editors:

Watch the video recording of the Flattening the Climate Curve LP/GP Investor Summit here.

About Techleap.nl      

Techleap.nl is a non-profit organisation, funded by the Ministry of Economic Affairs and Climate Policy, helping to quantify and accelerate the tech ecosystem of the Netherlands. Empowering Dutch leaders in tech to scale with programs and initiatives for improving access to technology, market, capital and talent. Special Envoy for Techleap.nl is Constantijn van Oranje.

Cision View original content:http://www.prnewswire.com/news-releases/leading-investors-join-international-taskforce-to-curb-climate-change-301200321.html

SOURCE Techleap.nl

Leading investors join international taskforce to curb climate change

AMSTERDAM, Jan. 5, 2021 /PRNewswire/ — During a summit organised by Techleap.nl, a non-profit organisation helping to quantify and accelerate the tech ecosystem of the Netherlands, leading investors agreed to join a taskforce to engage in international collaboration to curb climate change. The taskforce consists of a diverse group of investors with long-standing experience in the European venture market. Institutional investors, with a longer-term horizon, as well as…

AMSTERDAM, Jan. 5, 2021 /PRNewswire/ — During a summit organised by Techleap.nl, a non-profit organisation helping to quantify and accelerate the tech ecosystem of the Netherlands, leading investors agreed to join a taskforce to engage in international collaboration to curb climate change. The taskforce consists of a diverse group of investors with long-standing experience in the European venture market. Institutional investors, with a longer-term horizon, as well as public investors, will participate to build a framework to invest capital in innovations and technologies that bring long term solutions to the market. Additionally, best practices will be developed for public and private capital to be deployed where the largest impact on the climate and economy can be achieved.

Europe, and the Netherlands in particular, is home to a great number of startups and scaleups that relentlessly work towards curbing climate change. It is crucial that they are able to scale their solutions and ideas across borders. The Dutch government, and other governments across Europe, have released capital to support innovative growth companies. This will give a boost to the capital market, but more financing is needed and private investors must also be attracted to new initiatives. Techleap.nl research shows that lack of capital is the main reason preventing energy companies from growing and the recently published Atomico State Of European Tech 2020 report shows similar findings – 46 % of European tech founders cited access to capital as their main challenge in 2020.

To strengthen collaboration, co-investments, and growth in Europe, Techleap.nl will organise the taskforce around three main pillars; 1) LP/GP Co-investment framework, 2) Talent for Growth and 3) EU Tech IPO’s. A set of best practices and a framework will be developed for increased collaboration and capital deployment into start-ups and technologies that help to flatten the climate curve.

Parties that have already committed to the taskforce and will contribute through investment, insights, and lessons learned are: Bootstrap Europe; a lender that supports thriving industries across the globe, growth accelerator and impact investor Brabant Development Agency (BOM), global early-stage venture firm DN Capital, HPE Growth; a leading pan-European private equity firm focused on expansion/growth capital investments in technology companies, Invest-NL; a private impact investor committed to businesses and projects that will make the Netherlands more sustainable and innovative, MN; on behalf of the pension funds PMT and PME, one of the largest pension administrators and asset managers in the Dutch pension market, lifecycle financier InnovationQuarter, Rabobank’s Captive Investment Fund, a global life cycle investor focussing on building better and more sustainable food value chains, support of transitions to curb climate change and a more effective and efficient healthcare system; Rabo Corporate Investments, and international venture capital firm Vickers Venture Partners.

The taskforce is a direct result of The Flattening the Climate Curve LP/GP Investor Summit, where the world’s largest investors came together to mobilise smart capital and to improve the growth climate for the Dutch and the European tech ecosystem, sparked by insights shared by Larry Fink, Chairman, and CEO of BlackRock and Rebecca Henderson, Professor, Author, and Authority on Reimagining Capitalism.

During the summit, Larry Fink, Chairman, and CEO of BlackRock, said: «The absence of a significant tech industry in Europe has far-reaching repercussions for its long-term growth, but also for its dependence on other nations to provide key technologies. Today, more than ever, we need capital to finance sustainable innovation. Meeting these goals requires major investments to transition the European economy towards a carbon-neutral structure. European savers will need to become investors. The «sleeping money» in Europe needs to be awakened and put to work in productive investments.»

«Despite a global pandemic, we should not overlook other impending threats, such as climate change. As investors, we need to be addressing this crisis with urgency», Maurice van Tilburg, Managing Director Techleap.nl, added: «Currently there is not enough funding available in Europe for tech startups flattening the climate curve, and we believe that the capital that is available can be allocated in a smarter way. In the taskforce, we connect national and international investors to help companies in this segment accelerate and maximise their impact.»

Wouter Bos, CEO Invest-NL, said: «The current Covid-19 pandemic is only a temporary set-back with little or no effect on the fundamental transition towards a carbon neutral and circular economy. As an impact investor, we finance the technologies that enable this transition in the long run. With this taskforce we mobilise the capital and impact knowledge to further accelerate innovations on an international scale.»

Notes to editors:

Watch the video recording of the Flattening the Climate Curve LP/GP Investor Summit here.

About Techleap.nl      

Techleap.nl is a non-profit organisation, funded by the Ministry of Economic Affairs and Climate Policy, helping to quantify and accelerate the tech ecosystem of the Netherlands. Empowering Dutch leaders in tech to scale with programs and initiatives for improving access to technology, market, capital and talent. Special Envoy for Techleap.nl is Constantijn van Oranje.

Cision View original content:http://www.prnewswire.com/news-releases/leading-investors-join-international-taskforce-to-curb-climate-change-301200321.html

SOURCE Techleap.nl

Automotive Aftermarket to Hit $1100 Bn by 2026; Global Market Insights, Inc.

SELBYVILLE, Del., Jan. 5, 2021 /PRNewswire/ — Global Market Insights, Inc. has recently added a new report on the automotive aftermarket industry, which estimates the market…

SELBYVILLE, Del., Jan. 5, 2021 /PRNewswire/ — Global Market Insights, Inc. has recently added a new report on the automotive aftermarket industry, which estimates the market valuation will cross US $1100 billion by 2026. Increasing vehicle ownership, owing to improving economic conditions, is set to drive the industry’s growth.

The increasing average age of vehicles has led to an increase in the need for maintenance & repair services. The sub-par standard of road infrastructure in some emerging economies, especially in the Asia Pacific, escalates the wear and tear in vehicles, leading to frequent maintenance and repair requirements, driving the automotive aftermarket towards a growth trajectory.

Request for a sample of this research report at https://www.gminsights.com/request-sample/detail/1166

The transformation from conventional means to the digitization of service channels and interfaces is aiding growth opportunities for the sector’s expansion. Modern tools, such as big data and data analytics, allow market participants to store and process vehicle usage data to increase the efficiency of the value chain. The data provides insights on specific vehicle details regarding potential service due date and time spent in workshop per vehicle to increase productivity and effectiveness.

Another emerging trend in the market is remote diagnostics. Remote diagnostics allows for real-time monitoring of parameters of an automobile to evaluate its quality of operations and performance in line with predetermined benchmarks. Additionally, more and more small-scale service providers and shop owners are coming into agreement with largescale fleet operators to procure additional contracts for repair and maintenance and are further anticipated to support the industry expansion.

Increasing stringency regarding vehicle safety in terms of regulation mandated by several countries across the globe is forcing vehicle manufacturers to incorporate new safety technologies & features such as ADAS in vehicles. The adoption of ADAS is expected to reduce road accidents significantly over the forecast timeframe. The rising autonomous vehicle trends are expected to limit the automotive aftermarket growth over the forecast timeframe.

The exhaust segment in automotive aftermarket replacement parts will witness around a 7% CAGR over the projected time frame. The exhaust system in an automobile is exposed to high temperatures as the hot air from a combustion engine exits through it. The component is also subject to replacement from high-end and enthusiast consumers to enhance vehicle outlet acoustics. Major components of the exhaust include engine downpipe, engine manifold, catalytic converter, tailpipe, and muffler.

The OEM factory fill segment will witness around a 4% CAGR in the automotive aftermarket size, owing to existing consumer confidence and trust toward automotive parts offered by OEMs. The advantages offered by these OEM outlets include long-term warranty coverage coupled with quality assurance, manifesting the segment growth. The increasing usage of e-commerce and electronics means from established OEM providers is further expected to enhance market growth.

Request for customization of this research report at https://www.gminsights.com/roc/1166

The average age for on-road vehicles in developed regions, especially Europe, is significantly higher and is increasing from the last decade. The European Automobile Manufacturers Association (ACEA) states that in 2017, the average age of passenger vehicles in Europe rose 5.71% relative to 2013, resulting in an average age of 11.1 years. With an increase of this aging fleet, the maintenance sector is further expected to drive automotive aftermarket demand.

Some major findings of the automotive aftermarket report include:

  • Increasing sales of pre-owned vehicles.
  • Increasing consumer interest toward e-commerce platforms.
  • Technological innovation to develop vehicle accessories.

Strategic mergers and acquisitions by industry participants will expand regional presence. Major industry players include 3M, Continental AG, BASF, Federal-Mogul Holdings, and ZF Friedrichshafen AG, among others.

Partial chapters of report table of contents (TOC):

Chapter 3 Automotive Aftermarket Industry Insights

3.1 Industry segmentation

3.2 Industry size & forecast, 2016- 2026, (USD Billion)

3.3 COVID-19 impact on industry landscape

3.4 Industry ecosystem analysis

3.4.1 Part manufacturers

3.4.2 Profit margin analysis

3.4.3 Distribution channel analysis

3.4.3.1 Authorized dealers

3.4.3.1 Trade corporations

3.4.3.2 Online platforms

3.4.4 COVID-19 impact on distribution channels

3.4.5 Workshops

3.4.6 End users

3.4.7 Vendor matrix

3.5 Technology & innovation landscape

3.5.1 Paintless dent removal (PDR)

3.5.2 Electronic Diagnosis

3.5.3 Augmented reality

3.6 Regulatory landscape

3.6.1 North America

3.6.1.1 NHTSA

3.6.1.1.1 49 U.S.C. 30118

3.6.1.1.2 FMVSS (49 U.S.C. 30122)

3.6.1.2 CAPA Certification

3.6.1.3 EPA Certification

3.6.1.4 Vehicle parts standards

3.6.2 Europe

3.6.2.1 (EC) NO 1400/2002

3.6.2.2 Whole Vehicle Type Approval

3.6.2.3 ISO 9001 & ISO/TS 16949

3.6.2.4 Germany

3.6.3 Asia Pacific

3.6.3.1 Australia

3.6.3.1.1 Motor Vehicle Standards Regulations 1989

3.6.3.2 China

3.6.3.2.1 New regulatory framework on auto distribution and aftermarket

3.6.3.3 India

3.6.3.4 Japan

3.6.3.4.1 Japan Automotive Products Association (JAPA)

3.6.4 Latin America

3.6.5 MEA

3.6.5.1 Emirates Authority of Standardization and Metrology (ESMA)

3.6.5.1.1 Requirements for spare parts and their suppliers

3.6 Global automotive industry overview,2019

3.6.1 Major automotive trends

3.6.2 Advantages of manufacturing

3.6.2.1 OEM versus aftermarket

3.6.2.2 Opportunities

3.6.2.2.1 Rising e-commerce spending

3.6.2.2.2 Increasing vehicle age

3.6.2.2.3 Smaller vehicles

3.6.2.3 Service market overview

3.6.3 Vehicle parc (on road) statistics

3.6.4 Insurance landscape, by region

3.6.4.1 North America

3.6.4.2 Europe

3.6.4.3 Asia Pacific

3.6.4.4 Latin America

3.6.4.5 MEA

3.6.1 COVID-19 impact on global automotive industry

3.7 Industry impact forces

3.7.1 Growth drivers

3.7.1.1 Growing demand for vehicle upgradation along with digitization of distribution channels

3.7.1.2 Increasing vehicle sales of new and preowned vehicles

3.7.1.3 Ageing vehicle fleet along with poor road infrastructure

3.7.2 Industry pitfalls & challenges

3.7.2.1 Adoption of vehicle safety technologies and rising electric vehicle sales

3.8 Growth potential analysis, 2019

3.9 Porter’s analysis

3.10 Competitive landscape, 2019

3.9.1 Top players overview, 2019

3.9.2 Strategy dashboard

3.11 PESTLE analysis

Browse related report:

E-commerce Automotive Aftermarket Size By E-commerce Retail (Third Party Retailers, Direct To Customer), By Product (Parts [Braking {Brake Pads, Hydraulics & Hardware, Rotor & Drum}, Steering & Suspension {Control Arms, Ball Joints, Tie Rods, Sway Bar Links, Bushings, Bearings/Seals, Coil Springs}, Hub Assemblies, Universal Joints, Gaskets, Wipers, Filters, Lighting, Spark Plug, Tires], Accessories [Interiors, Exteriors]), By Consumer (B2C, B to Big B, B to Small B), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

https://www.gminsights.com/industry-analysis/e-commerce-automotive-aftermarket

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Automotive Aftermarket size worth over $1,100 Bn by 2026
Automotive Aftermarket size will likely exceed USD 1,100 billion by 2026, according to a new research report by Global Market Insights, Inc.

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SOURCE Global Market Insights, Inc.

Kamux’s Tampere Lielahti showroom will relocate and the selection of cars will expand

HELSINKI, Finland, Jan. 5, 2021 /PRNewswire/ — Kamux, a company specialising in used car sales, will relocate to larger premises in Lielahti in Tampere. At the same time, the selection of cars will expand and diversify.

«We want to serve people in Tampere region with a wider and more versatile selection. In larger premises, we are able to give our customers comprehensive service in all kinds of car and mobility needs….

HELSINKI, Finland, Jan. 5, 2021 /PRNewswire/ — Kamux, a company specialising in used car sales, will relocate to larger premises in Lielahti in Tampere. At the same time, the selection of cars will expand and diversify.

«We want to serve people in Tampere region with a wider and more versatile selection. In larger premises, we are able to give our customers comprehensive service in all kinds of car and mobility needs. The store of about 200 cars located at Taninkatu 3 will open in the beginning of March. In accordance with our concept, the new store has a large yard suitable for car sales,» says Tommi Iiskonmäki, Kamux’s Country Manager, Finland.

«Car buying is not limited to the selection of an individual store of brick and mortar. Shopping through digital channels is easy, and thus the expanding selection serves all motorists everywhere in Finland,» Iiskonmäki reminds.

New job opportunities in the region

Moving to a bigger store means also new job opportunities.

«We find hiring locally important. Our expansion creates new job opportunities in the cities where we operate. We’ll start additional recruitments for Lielahti without delay. The right attitude is key, so previous experience in car sales is not essential,» says Tommi Iiskonmäki.

For more information, please contact:

Tommi Iiskonmäki, Country Director, Kamux Finland, +358 40 5801 1498

www.kamux.fi

Kamux Corporation is a retail chain specializing in the sale of used cars and related integrated services that has grown rapidly. Kamux combines online shopping with an extensive showroom network to provide its customers with a great service experience anytime, anywhere. In addition to digital channels, the company has total of 78 car showrooms in Finland, Sweden and Germany. Since its founding, the company has sold approximately 300,000 used cars, 55,432 of which were sold in 2019. Kamux’s revenue reached EUR 658.5 million in 2019. In 2019, Kamux’s average number of employees was 595 in terms of full-time equivalent employees. The shares of Kamux are listed on the Nasdaq Helsinki stock exchange.

www.kamux.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/kamux/r/kamux-s-tampere-lielahti-showroom-will-relocate-and-the-selection-of-cars-will-expand,c3264205

 

Kamux’s Tampere Lielahti showroom will relocate and the selection of cars will expand

HELSINKI, Finland, Jan. 5, 2021 /PRNewswire/ — Kamux, a company specialising in used car sales, will relocate to larger premises in Lielahti in Tampere. At the same time, the selection of cars will expand and diversify.

«We want to serve people in Tampere region with a wider and more versatile selection. In larger premises, we are able to give our customers comprehensive service in all kinds of car and mobility needs….

HELSINKI, Finland, Jan. 5, 2021 /PRNewswire/ — Kamux, a company specialising in used car sales, will relocate to larger premises in Lielahti in Tampere. At the same time, the selection of cars will expand and diversify.

«We want to serve people in Tampere region with a wider and more versatile selection. In larger premises, we are able to give our customers comprehensive service in all kinds of car and mobility needs. The store of about 200 cars located at Taninkatu 3 will open in the beginning of March. In accordance with our concept, the new store has a large yard suitable for car sales,» says Tommi Iiskonmäki, Kamux’s Country Manager, Finland.

«Car buying is not limited to the selection of an individual store of brick and mortar. Shopping through digital channels is easy, and thus the expanding selection serves all motorists everywhere in Finland,» Iiskonmäki reminds.

New job opportunities in the region

Moving to a bigger store means also new job opportunities.

«We find hiring locally important. Our expansion creates new job opportunities in the cities where we operate. We’ll start additional recruitments for Lielahti without delay. The right attitude is key, so previous experience in car sales is not essential,» says Tommi Iiskonmäki.

For more information, please contact:

Tommi Iiskonmäki, Country Director, Kamux Finland, +358 40 5801 1498

www.kamux.fi

Kamux Corporation is a retail chain specializing in the sale of used cars and related integrated services that has grown rapidly. Kamux combines online shopping with an extensive showroom network to provide its customers with a great service experience anytime, anywhere. In addition to digital channels, the company has total of 78 car showrooms in Finland, Sweden and Germany. Since its founding, the company has sold approximately 300,000 used cars, 55,432 of which were sold in 2019. Kamux’s revenue reached EUR 658.5 million in 2019. In 2019, Kamux’s average number of employees was 595 in terms of full-time equivalent employees. The shares of Kamux are listed on the Nasdaq Helsinki stock exchange.

www.kamux.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/kamux/r/kamux-s-tampere-lielahti-showroom-will-relocate-and-the-selection-of-cars-will-expand,c3264205

 

City Link Launches Electric Cargo Vehicles in Bangalore

BANGALORE, India, Jan. 5, 2021 /PRNewswire/ — City Link Portal Pvt. Ltd., (City Link) a leading tech enabled within city logistics start-up, has taken delivery of its first set of Electric Cargo Vehicles (EV) from Mahindra and Mahindra. City Link understands, that it is the first company in Bangalore to receive the ‘Mahindra Treo-Zor’ vehicles which will help it position itself aggressively in the rapidly expanding ‘Last Mile’ delivery space,…

BANGALORE, India, Jan. 5, 2021 /PRNewswire/ — City Link Portal Pvt. Ltd., (City Link) a leading tech enabled within city logistics start-up, has taken delivery of its first set of Electric Cargo Vehicles (EV) from Mahindra and Mahindra. City Link understands, that it is the first company in Bangalore to receive the ‘Mahindra Treo-Zor’ vehicles which will help it position itself aggressively in the rapidly expanding ‘Last Mile’ delivery space, under its ‘Think Green. Think EV’ initiative.

«The EV foray is our firm resolve to grow responsibly and continue to bring value to all our customers, vendor partners and drivers,» said Mr. R. Jayakumar (JK), the founder and investor of City Link. He also said, «though we are a start-up; we do not believe in any kind of wasteful BURN, CASH OR FUEL. Our objective is wealth and value creation with equal emphasis on environment protection, and we are committed to passing on a cleaner legacy to gen next.»

City Link planned its ‘Think Green. Think EV’ initiative late last year and has been working with the EV Ecosystem ever since. While the onset of COVID-19 slowed down the progress, it provided just the right opportunity for City Link to learn from vehicle manufacturers, owners, battery manufacturers and potential customers alike. «City Link is convinced that besides being environment friendly, EVs are expected to drive ROI and bring down Delivery costs when compared to existing alternatives. We are looking to add 100-120 EVs in a year’s time towards our Last Mile Push,» says the cofounder and CEO Mr. Puneet Prakash

City Link, has been serving a broad customer base from large Enterprises, to SMEs to individuals for their trucking requirements, through a mix of its Planned Demand and On Demand offerings. Using its Trucking Tech suite QuikMove, it is able to match demand/supply pockets, enhance asset utilization and delivery efficiency, provide real time visibility, optimize route/load carrying and above all, make an erstwhile manual system completely automated and intelligent.

Having commenced with small EVs, City Link shall continue to align with all the EV stakeholders including the govt. to expand its EV service offerings with larger vehicles in the mid-mile and first mile segments. City Link believes that the EV shift in the commercial vehicle space shall be led by smaller vehicles with up to 500 – 550 kg payload capacity. The larger vehicles shall witness a slow transition in about 2-3 years, given the constraints with regards to related infrastructure and battery cost. However, a rapidly evolving ecosystem coupled with a comprehensive govt. policy focus, may bring in this paradigm shift, sooner than later.

About City Link

City Link (www.city-link.co.in ) is a leading start up in the intra-city Logistics space, based out of Bangalore. Through a unique blend of domain expertise and cutting edge tech. it is trying to solve the supply demand mismatch, resulting out of a highly fragmented trucking vendor base; bringing to its customers assured vehicle availability, real time visibility, route/load optimization and enhanced asset utilization for its vendor partners.  The services are offered to a broad user base from Large Enterprises to SMEs and also Individuals. Extending its offerings to one of its main customer segments, the SMEs, it has recently forayed into On Demand Storage (www.citylinkstorage.in ) and fulfilment where its services range from offering temporary Storage to helping offline merchants move Online using its Storage Tech, Order Management and Fulfilment capabilities.     

 

City Link Launches Electric Cargo Vehicles in Bangalore

BANGALORE, India, Jan. 5, 2021 /PRNewswire/ — City Link Portal Pvt. Ltd., (City Link) a leading tech enabled within city logistics start-up, has taken delivery of its first set of Electric Cargo Vehicles (EV) from Mahindra and Mahindra. City Link understands, that it is the first company in Bangalore to receive the ‘Mahindra Treo-Zor’ vehicles which will help it position itself aggressively in the rapidly expanding ‘Last Mile’ delivery space,…

BANGALORE, India, Jan. 5, 2021 /PRNewswire/ — City Link Portal Pvt. Ltd., (City Link) a leading tech enabled within city logistics start-up, has taken delivery of its first set of Electric Cargo Vehicles (EV) from Mahindra and Mahindra. City Link understands, that it is the first company in Bangalore to receive the ‘Mahindra Treo-Zor’ vehicles which will help it position itself aggressively in the rapidly expanding ‘Last Mile’ delivery space, under its ‘Think Green. Think EV’ initiative.

«The EV foray is our firm resolve to grow responsibly and continue to bring value to all our customers, vendor partners and drivers,» said Mr. R. Jayakumar (JK), the founder and investor of City Link. He also said, «though we are a start-up; we do not believe in any kind of wasteful BURN, CASH OR FUEL. Our objective is wealth and value creation with equal emphasis on environment protection, and we are committed to passing on a cleaner legacy to gen next.»

City Link planned its ‘Think Green. Think EV’ initiative late last year and has been working with the EV Ecosystem ever since. While the onset of COVID-19 slowed down the progress, it provided just the right opportunity for City Link to learn from vehicle manufacturers, owners, battery manufacturers and potential customers alike. «City Link is convinced that besides being environment friendly, EVs are expected to drive ROI and bring down Delivery costs when compared to existing alternatives. We are looking to add 100-120 EVs in a year’s time towards our Last Mile Push,» says the cofounder and CEO Mr. Puneet Prakash

City Link, has been serving a broad customer base from large Enterprises, to SMEs to individuals for their trucking requirements, through a mix of its Planned Demand and On Demand offerings. Using its Trucking Tech suite QuikMove, it is able to match demand/supply pockets, enhance asset utilization and delivery efficiency, provide real time visibility, optimize route/load carrying and above all, make an erstwhile manual system completely automated and intelligent.

Having commenced with small EVs, City Link shall continue to align with all the EV stakeholders including the govt. to expand its EV service offerings with larger vehicles in the mid-mile and first mile segments. City Link believes that the EV shift in the commercial vehicle space shall be led by smaller vehicles with up to 500 – 550 kg payload capacity. The larger vehicles shall witness a slow transition in about 2-3 years, given the constraints with regards to related infrastructure and battery cost. However, a rapidly evolving ecosystem coupled with a comprehensive govt. policy focus, may bring in this paradigm shift, sooner than later.

About City Link

City Link (www.city-link.co.in ) is a leading start up in the intra-city Logistics space, based out of Bangalore. Through a unique blend of domain expertise and cutting edge tech. it is trying to solve the supply demand mismatch, resulting out of a highly fragmented trucking vendor base; bringing to its customers assured vehicle availability, real time visibility, route/load optimization and enhanced asset utilization for its vendor partners.  The services are offered to a broad user base from Large Enterprises to SMEs and also Individuals. Extending its offerings to one of its main customer segments, the SMEs, it has recently forayed into On Demand Storage (www.citylinkstorage.in ) and fulfilment where its services range from offering temporary Storage to helping offline merchants move Online using its Storage Tech, Order Management and Fulfilment capabilities.     

 

Five-star Resort Casa Dorada Opens Its First Branch Of Convenience Stores

CABO SAN LUCAS, Mexico, Jan. 4, 2021 /PRNewswire/ — The five-star resort in Cabo San Lucas continues its product expansion with a new line of convenience stores and deli, managed in-house by the Resort’s team.

CABO SAN LUCAS, Mexico, Jan. 4, 2021 /PRNewswire/ — The five-star resort in Cabo San Lucas continues its product expansion with a new line of convenience stores and deli, managed in-house by the Resort’s team.

The project, named Deli-Xoxo after the successful coffee brand «Xoxo Cafetzin» (also developed in-house by the executive team) was conceived as a resource for guests who preferred to stay inside the hotel as a safety measure during the COVID season.

In a statement, Leonardo Perli, CEO of the Resort, declared that the project intends to meet the needs of their guests by offering them a variety of quality products and tasty food without having to get out of the hotel. «We are always looking for new ways to keep our guests safe and happy, especially during these times. I am sure they will be pleased with this place since everything is delicious.»

The new Store / Minimarket and its Deli opened to the public in November 2020 as part of a strategy to offer a wide variety of services to the guest looking to have everything in one place.

«Deli Xoxo pleases those looking for quality products and food, while at the same time enjoying quick, friendly, and COVID-safe service,» said the statement.

Leonardo Perli concluded by congratulating his team for doing an excellent job on this new project and looking forward to keep creating new experiences for Casa Dorada’s guests.

About Casa Dorada
Located in Medano Beach — the best swimmable beach of Cabo in front of the Iconic Arch — Casa Dorada is just steps away from world-class shopping, dining, entertainment, and the Marina. Casa Dorada Los Cabos brings upscale service and family-friendly features to the Cabo San Lucas Oceanfront. The Resort grants visitors a more convenient, yet equally spectacular, alternative to the more remote hotel zone of the Tourist Corridor. Boasting unobstructed vistas of Land’s End and the famous Arch, Casa Dorada is just 30 minutes away from Los Cabos International Airport. All of the 185 spacious one-, two- and three-bedroom suites and penthouses, open up to Los Cabos’ most dazzling ocean view, while the luminous and contemporary interiors ensure your comfort and satisfaction.

Contact:
Blanca Bastida
blanca.bastida@casadorada.com

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SOURCE Casa Dorada