Yili Places 5th In Rabobank's 2023 Global Dairy Top 20 Report

KUALA LUMPUR, Sept 1 (Bernama) -- Yili Group once again retained its spot among the top five as the only Asian dairy producer, in Rabobank's 2023 Global Dairy Top 20 Report, securing its top leadership position in the region's dairy industry for 10 consecutive years.

According to a statement, based on the financial performance of major dairy producers, the ranking reflects Yili's long-term resilience in the face of a volatile global economic landscape.

Leveraging the competitive advantage established across the value chain, Yili has maintained a steady growth in total revenue over the last 30 years.

Yili's decades-long steady growth goes hand in hand with the company's global resources and innovation collaboration network, as well as its efforts to continuously develop nutritious and healthy dairy products in response to the full-lifecycle needs of consumers.

In addition, Yili has invested heavily to expand its research and development (R&D) footprint across the globe, establishing a total 15 innovation centres at home and abroad.

Besides the liquid milk business in which Yili has a competitive advantage, it is also riding the new consumption trend of diversified healthy food and beverage, pivoting to other high-growth segments including organic dairy products, dairy and plant-based nutraceuticals, cheese and natural mineral water.

With the goal of becoming a leading innovator, Yili is also an industry pioneer in building digital operation platforms covering product innovation, supply chain management, omni-channel expansion and consumer experience.

The company also taps into artificial intelligence (AI)-related innovations, developing its own virtual human, meta-universe factories, and GPT application products for a more diversified consumer experience.

In addition to Europe, Oceania and other regions with sufficient dairy intake, Yili has also invested in Southeast Asia, where its "dual centres", Yili's Thai subsidiary and Indonesia production base, act as the engine for the company to serve the local market.

To date, Yili has established 75 production bases globally, collaborating with more than 2,000 partners and its diversified range of products including liquid milk, milk powder, yogurt, cheese and ice cream, can be found in more than 60 countries and regions.

-- BERNAMA