Tech
How China Became KFC’s Most Important Market
KFC, with 29,000 stores and 800,000 employees globally, is one of the world’s most extensive fast-food chains, opening a new location every three and a half hours. While it originated in Salt Lake City in 1952, its rapid expansion is now significantly fueled by its presence in China, opening its 10,000th store in comparison to its over 4,300 locations in the United States. KFC China, operated by Yum China, has adapted its menu to include local favorites and has embraced digital ordering and delivery. Despite its success, KFC China has faced challenges like food safety scandals and the economic impacts of Covid. In 2022, Yum China reported $7.2 billion in revenue from KFC, with plans to return $3 billion to shareholders over three years. CNBC got an exclusive interview with Yum China CEO Joey Wat at a KFC in Hangzhou, China to learn more.
Chapters:
00:00 – 2:19 Intro
2:20 – 5:39 Entering China
5:40 – 9:20 Yum China
9:21 – 13:47 Headwinds
Produced by: Shawn Baldwin
Edited by: Darren Geeter
Animation: Mallory Brangan
Supervising Producer: Jeniece Pettitt
Additional footage: Getty Images, Yum China
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#cnbc
How China Became KFC’s Most Important Market
source
CNBC Marathon explores how Tesla, Rivian and Dodge’s new electric vehicles are transforming the automotive industry.
Over the past decade, Dodge has dug deep into its performance car heritage and become a brand known for brash American muscle cars with supercharged V-8 engines and ridiculous amounts of horsepower. But tightening regulations, rising fuel prices and the rise of the SUV are putting the squeeze on Dodge’s so-called “brotherhood of muscle.” It recently debuted the Charger Daytona SRT EV, an electric car that looks a lot like its popular supercharged Challenger and Charger. Will Dodge fans or EV buyers want it?
Five years after Elon Musk first announced the Tesla Semi, it’s finally hitting roads. CNBC visited Pepsi’s Frito-Lay facility in Modesto, California, where it is using the new electric trucks, to see whether the Semis live up to the hype.
A new electric vehicle company hopes to take on Tesla with its outdoor adventure trucks and SUVs. And its deal with Amazon to build 100,000 electric delivery vans could help it succeed. Founded in 2009, Rivian is focusing on upscale electric trucks and SUVs with an emphasis on outdoor adventure. CNBC’s John Rosevear calls them the “Patagonia of electric vehicles.” Last month, Rivian and Amazon rolled out the first of the electric vans. They are starting to deliver packages in a handful of cities, including Seattle, Baltimore, Chicago and Phoenix.
After manufacturing’s 40-year cycle of decline in the U.S., officials in Washington are trying to bring it back. This move could be a boom or bust for huge swaths of the American Midwest. This region once dominated the auto industry before rising global trade and automation sent domestic manufacturing employment into a tailspin. U.S. leaders hope that new laws such as the Inflation Reduction Act of 2022 will help businesses create the green manufacturing jobs of the future.
Chapters:
00:00 — Introduction
00:48 — Will Dodge’s Electric Muscle Car Satisfy Its Die-Hard Fans? (Published October 2022)
15:31 — Does The Tesla Semi Live Up To The Hype? (Published February 2023)
31:33 — How Amazon Is Giving Rivian An Edge In The EV Industry (Published August 2022)
44:50 — How Electric Vehicles Will Change The Midwest Economy (Published September 2022)
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
How Car Makers Are Switching To EVs | CNBC Marathon
source
Lowered compliance costs, greater control over products, more big engines, more pickup trucks. These are just some of the changes investors expect from the rollback of fuel economy rules and the elimination of fines. Data indicate pent up demand for pickup trucks, and many automakers are bringing back V-8 engines. At the same time, hybrid vehicles are surging, and electric vehicles have longer term structural demand in their favor.
Chapters:
0:00 Introduction
01:23 Chapter 1: New rules
03:01 Chapter 2: Why this matters
04:52 Chapter 3: Challenges
06:22 Chapter 4: Fuel efficiency
Produced by: Robert Ferris
Edited by: Darren Geeter
Camera by: Ryan Baker
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, Ford, GM
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#CNBC
Why Fuel Economy Rollbacks Will Spur More Trucks, More V-8 Engines
source
U.S. chip manufacturing faces a shortage of up to 157,000 skilled workers by 2030, a matter of concern for companies like Samsung.
Schools including Purdue and Arizona State have new semiconductor degree programs, and all the biggest chipmakers are investing millions to create pipelines of U.S. chip talent.
CNBC’s Katie Tarasov has the details. Watch the related video for full report.
source
CNBC’s Michael Wayland takes a first look at electric vehicle startup Slate Auto’s modular $25,000 pick up trucks. The cars are affordable and basic, with features that buyers can customize. That includes turning the truck into an SUV. The vehicles had more than 150,000 refundable reservations before their release, despite waning consumer demand in EVs in the U.S. The company is about to find out if the truck can disrupt the market.
Reporting by: Michael Wayland
Produced and Camera by: Natalie Rice
Edited by: Darren Geeter
Senior Managing Producer: Tala Hadavi
Additional Footage: Slate Auto
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#CNBC
CNBC Takes A First Look At Slate Auto’s $25,000 Modular Cars
source
AI data centers are driving unprecedented demand for electricity and putting renewed pressure on America’s power grid to modernize its equipment and develop greener, more efficient sources of power. Google, Meta, Microsoft and Amazon are all spending millions of dollars on local infrastructure upgrades and companies like SpaceXAI are even building off-grid power plants to power their data centers.
Google says its planned 780-megawatt data center in Pine Island, Minnesota, could offer a model for powering the AI boom. In a proposed agreement with Xcel Energy, Google says it will support 1,900 megawatts of new wind, solar and battery capacity, while minimum payments and exit fees are intended to protect local ratepayers if demand falls short.
CNBC examines whether projects like Pine Island can make the grid cleaner without shifting costs to existing customers, why some energy experts argue that smaller data centers could make better use of infrastructure already in place, and how utilities’ financial incentives can complicate efforts to build less.
Chapters:
0:00 – 2:06 Introduction
2:07 – 4:49 Off-grid solutions
4:50 – 9:00 Upgrading the grid
9:01 – 11:44 Smaller data centers
Produced by: Jeffrey Kopp
Senior Director of Video: Jeniece Pettitt
Tech Correspondent: MacKenzie Sigalos
Edited by: Erin Black, Matt Soto
Camera: Donny Rowles
Animation: Jason Reginato, Emily Park
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#CNBC
The Race To Power AI Is Reshaping America’s Electric Grid
source
-
Other3 years ago
Economic crisis Predictions|Bloomberg Surveillance 11/08/202…
-
Other3 years ago
Suppers Around The World – Tasty Recipes Please recognize th…
-
Food3 years ago
Kardea Brown’s Cheesy Hash Brown Casserole | Delicious Miss Brown | Food Network
-
Politics3 years ago
Russia hawks to Putin apologists: GOP stonewalls Ukraine aid, Tucker Carlson’s trip to Moscow
-
Other3 years ago
Giada De Laurentiis Makes Pan-Fried Zucchini w/ Anchovy Vina…
-
News3 years ago
White House warns of Russia invasion in Ukraine before end of Olympics
-
Sports3 years ago
Top 10 Saves from Week 13 of the 2021-22 NHL Season
-
Other3 years ago
Just how beginner Vivek Ramaswamy is gaining some Trump foll…
-
Other3 years ago
MaxMara Spring/Summer 2013 FULL SHOW|Milan Fashion Week MFW|…
-
Politics3 years ago
George Conway: ‘Lying, intimidating, bullying. That’s Trump at his worst, and that’s Trump always’
@user-vr3qs7sz7g
January 16, 2024 at 8:53 am
KFCs in Canada offer only boring fried chicken
@vsboy2577
January 16, 2024 at 8:53 am
Probably pays employees the minimum also
@user-wx9nt1fv9z
January 16, 2024 at 8:53 am
Korean fry chicken
@bonnie3718
January 16, 2024 at 8:53 am
Chinese love Western Food
@cicitony
January 16, 2024 at 8:53 am
THESE FASTFOOD RESTAURANTS FAILURE IN USA OWN MARKET BECAUSE AMERICAN THEMSELVES ARE VERY STUBORN ON THEIR EATING HABITS…
@2prize
January 16, 2024 at 8:53 am
07:25 shes cute ❤
@jimwuhan5336
January 16, 2024 at 8:53 am
All this explanations are bs, the simple answer is Chinese prefer chicken meat over beef, in the early years McDonald's just provided beef meal, people didn't like them as KFC chicken.
@r211ose6
January 16, 2024 at 8:53 am
疯狂星期四？
@shygorilla8082
January 16, 2024 at 8:53 am
KFC is screwed when Popeye's starts their expansion. KFC chicken is trash.
@2003dipfun
January 16, 2024 at 8:53 am
The most disgusting menu and app that spys on you🤢🤢🤢
@Neil00841
January 16, 2024 at 8:53 am
Wow. This is a marvelous case study for my dissertation ❤
@Cond0rrr
January 16, 2024 at 8:53 am
Omg… My heart goes out to all the chickens. May they rest in peace. 😭
@Marome23
January 16, 2024 at 8:53 am
When did people in China decide to eat junk food?
@averyjames4623
January 16, 2024 at 8:53 am
China probably stole the secret recipe, just like they do with everything else. Bet they substituted the chicken with dog😂
@boluo1364
January 16, 2024 at 8:53 am
then no China threat now?
@silvertongue3003
January 16, 2024 at 8:53 am
Fun fact, in China it’s called KFXi
@altustrucking292
January 16, 2024 at 8:53 am
I’ve tried kfc in china and taste way better than USA kfc
@user-yw6oi5tc3f
January 16, 2024 at 8:53 am
❤😂 The Chinese 🐔🍗 Love KFC because they know its about 90% real 🐔 Chicken…
@ricnyc2759
January 16, 2024 at 8:53 am
"Decouple"… Hey… Wait a sec
@ajreberjr
January 16, 2024 at 8:53 am
i was in Grenada and am now in Ghana … could not get Taco Bell .. . but can get KFC
@defaultname354
January 16, 2024 at 8:53 am
430m members in China, holy crap. Why does the West mistreat China? They certainly do not mistreat your fast food.
@zzz-le5vd
January 16, 2024 at 8:53 am
视频中关于咖啡的论述是有错误的，位于城市CBD的中国白领消费群体的咖啡消耗量可不止一年五杯咖啡，实际上很多人每天都喝，星巴克败北的原因是越来越差的口感味道以及名不副实的价格，现在中国年轻人更愿意选择本土的咖啡品牌：瑞幸，他的门店更多，覆盖各种商圈以及街头巷尾，价格更实惠，品种更多更新奇，在中国这边日新月异的市场要获得成功，必须拥有抓住机遇的能力，更多外来品牌满足于已有的成绩，那么败北是必然的结果
@albertli3737
January 16, 2024 at 8:53 am
although they are both named as KFC, but they are actually totally different. KFC in China is much better.
@rvansteensel420
January 16, 2024 at 8:53 am
i didnt know they had black pipo there
@jackyvivid
January 16, 2024 at 8:53 am
Kahan gaye hippocrates 😅😅?
@youzhang9201
January 16, 2024 at 8:53 am
oh dear! Most of the Chinese living abroad start to miss KFC in China when they tried the American KFC for the first time…
@MZMA85
January 16, 2024 at 8:53 am
Wait isn't Obama Fried Chicken the Numba Wan fried chicken franchise in CCP land?
@donovancatuncan5481
January 16, 2024 at 8:53 am
2:38 Is that a mosquito feeding on her neck? It seems like I'm the only one watching this on a big tv and everyone is on their phones where the mosquito is too small to even notice.
@papa-dt1cv
January 16, 2024 at 8:53 am
Indonesia 9 piece Sgd13, Singapore 30++, China??
@Maximus-ke7cd
January 16, 2024 at 8:53 am
@0:40 The lady has a mosquito sitting and sucking on her neck
@duMaurier15
January 16, 2024 at 8:53 am
I would not trust KFC in China.. China is notorious for having fake food.. basically old meat flavoured with chemicals to taste like chicken. Please educate yourself.
@duMaurier15
January 16, 2024 at 8:53 am
Does CNBC not know about the Economic Crisis that is going on in China right now.. LOL. Mass layoffs in many industries and companies. I dont think too many people are going to be able to afford KFC in China this year..
@WindFireAllThatKindOfThing
January 16, 2024 at 8:53 am
Because younger generation Americans now have a bone-deep dislike of mega franchises, where they are still seen as a symbol of corporate success and modern development in other recently-developed nations.
They're embarrassing to Americans, but others don't have that sense of corny corporate excess
@jont2576
January 16, 2024 at 8:53 am
Kfc is seen as bourgeoisie food in China,as bourgeois as poor people food goes i guess…..being one of the first symbols of capitalism the mainland chinese are exposed to.
In rich developed markets, KFC is nothing more than finger licking ass on a stick.
@kamrenwalker
January 16, 2024 at 8:53 am
they need to bring back my nashville hot tenders 🙃 and my ex wants back the impossible chicken 🤧
@guangyifu7517
January 16, 2024 at 8:53 am
Let me tell you a fact: there are many KFC in Xinjiang
@leonardoofficial5750
January 16, 2024 at 8:53 am
Oh no, china should make their own brands
@ydnicgnaw5946
January 16, 2024 at 8:53 am
中国的kfc比国外的好吃多了
@liangma9601
January 16, 2024 at 8:53 am
说明你们是一个高度垄断的市场，没有竞争不需要任何创新
@BeatriceManlabao
January 16, 2024 at 8:53 am
Thats y amrica is afraid of china.😂😂😂 China is a Huge market not just for kfc but almost every american company need china market..