26 Aug Yili Group Remains Among Top Five in Rabobank 2021 Global Dairy Top 20 Report
On August 25th, 2021, Rabobank of the Netherlands released its annual Global Dairy Top 20 Report. Yili Group retained the fifth spot following the previous year and remains leader of Asia for the eighth consecutive year as the only Asian dairy company among the Top 5.
Strong financial performance despite Covid-19
With the Covid-19 pandemic still raging across the world, Yili has demonstrated great resilience and strong competence with a complete industrial chain within its control. The company reported a total revenue of EUR 12.7 billion in 2020, making it one of the few dairy companies that achieved high growth amid a global economic downturn. Also Q1 of 2021 shows a record performance, with a total revenue of EUR 3.6 billion, representing a YoY increase of 32.49 %. Yili expects to conquer the EUR 13 billion mark (RMB 100 billion) in annual revenue this year.
This strong performance is the result of Yili’s fast and effective response to market changes and increased attention to supply chain, new product launches and e-commerce channels. Yili continued to roll out industrial cluster projects, promoting the digitalization and intelligent transformation of the whole industrial chain. In addition, Yili launched new products and actively promoted new retail models such as membership promotions, community marketing and O2O home delivery through strengthened cooperation with e-commerce platforms.
Going global with high-quality products
Striving for higher quality has become a key focal point for dairy companies. Unremitting pursuit of quality has helped Yili secure high level of consumer preference. As a result Brand Finance named Yili as one of the world’s most valuable dairy brands in 2021.
Yili is committed to build high-quality resources and partnerships around the globe. Relying on its production bases in China, Oceania, Southeast Asia and other places, Yili is steadily expanding its overseas business. Multiple best-selling brands, including Ambrosial Yoghurt, Joyday Ice Cream, Yili Youngfun and Westgold Butter, have been launched in 21 countries and regions. In addition, Yili has set up Innovation Center Europe and Oceania Innovation Center to empower the R&D of new products.
Rabobank’s 2021 report also highlights increased consumers awareness of environmental challenges in the context of the pandemic. It notes that “consumer sentiments are being heard, and many companies included in the Global Dairy Top 20 have made sustainability commitments.”
Yili first began its comprehensive carbon emissions auditing back in 2010. Through over a decade of efforts, Yili has reduced its emissions by 6.51 million tons of CO2 equivalent, which is equivalent to saving 10.7 billion kilowatt hours of electricity.
Issued annually, Rabobank’s Global Diary Top 20 Report is recognized as one of the most authoritative rankings of the dairy industry.