How Food Businesses Nationwide Are Responding

These are unprecedented times. It seems like the whole world has been brought to its knees, from the rapid and destructive spread of COVID-19 to the protests in response to police brutality and the murders of Ahmaud Arbery, Breonna Taylor, and George Floyd. The food industry isn’t exempt. So as things develop, we’ve asked people working in the food industry coast to coast to share what they’re seeing in their communities, how they’ve been affected, and how they’re responding.

Tuesday, August 25

“Every day we’re trying to figure out what is happening in the world and how we can pivot. I’m so tired of using the word pivot.”

Lindsey Ofcacek, The LEE Initiative, Louisville: We’re a really small nonprofit. Our vision has always been to identify issues in the restaurant industry and find a quick solution. That was very different six months ago. I’m used to working on

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4 Different Chinese Stocks To Consider

China
China

When we think of the Chinese companies that have been the winners of lockdown, it’s the large tech behemoths such as Alibaba and Tencent that spring to mind. But China, which competes with the US for the title of world’s biggest powerhouse, is an enormous region packed with opportunities for those willing to hunt.

We asked Asian fund managers about some of their lesser-known, more niche investment ideas:

Hon Hai

Hon Hai (2354), also known as Foxconn, is a Taiwanese electronics manufacturer. “It’s the world’s largest contract manufacturer and a very attractive opportunity in the tech sector,” says Jason Pidcock, manager of the three-star rated Jupiter Asian Income. “In essence, it makes products for other companies. Most of its revenues currently come from Apple (AAPL), but you certainly have different electronics in your house that are assembled by this company.”

Pidcock likes the business

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50 Largest Restaurant Chains in America

Some of the most popular restaurant chains in the country aren’t the most successful. While customers may report how much they like (or dislike) a restaurant on surveys, the true way to tell whether a restaurant is popular or not is to look at where those customers put their money—not where they put their mouth.

That’s why we consulted Nation’s Restaurant News’ 2020 Top 200 report on the top 50 chains with the highest systemwide total sales to determine the largest popular restaurant chains in America. Every year, NRN compiles the data for this report to reveal an “in-depth look at the health of the industry and the performance of its biggest players.”

Our list—ranked from lowest to highest in sales—is made up of popular restaurant chains with many locations nationwide (like Chick-fil-A, Burger King, and McDonald’s) as well as regional restaurant chains (like Culver’s

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Yum China (YUMC) Unveils First Taco Bell Store in Beijing

In a bid to expand in the Chinese mainland, Yum China Holdings, Inc. YUMC recently announced the opening of its first Taco Bell store in Beijing on Aug 21. Currently, there are 11 Taco Bell stores in China, including the recent openings in Shenzhen and Ningbo.

Located in the Liangmaqiao district, the new store offers culture-centric, Mexican-inspired food such as nachos, tacos, quesadillas and burritos. Additionally, new menu items such as rice bowl, seasoned bone chicken and taco pizza have been developed exclusively for China markets. The store also offers digital capabilities, mobile pre-orders and takeaway features.

CEO of Yum China, Joey Wat, stated, “We believe that there is a growing appetite for Taco Bell, and we will continue to review and refine Taco Bell’s service model and offerings for the Chinese market. We also look forward to bringing this fun and dynamic brand to other parts of the country

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