Company profile

Future of COFCO

#
Rank
804
| Quantumrun Global 1000

China National Cereals, Oils and Foodstuffs Corporation, popularly known as COFCO, is one of China's state-owned food processing holding companies. COFCO Group is biggest food processing, producer, and trader in China.

Home Country:
Sector:
Industry:
Trading
Website:
Founded:
1949
Global employee count:
145013
Domestic employee count:
Number of domestic locations:
11

Financial Health

Revenue:
$89162500000 HKD
3y average revenue:
$88316466667 HKD
Operating expenses:
$5562553000 HKD
3y average expenses:
$5570274667 HKD
Funds in reserve:
$7748515000 HKD
Market country
Revenue from country
1.00

Asset Performance

  1. Product/Service/Dept. name
    Oilseeds processing
    Product/Service revenue
    21880000000
  2. Product/Service/Dept. name
    Biochemical and biofuel
    Product/Service revenue
    5620000000
  3. Product/Service/Dept. name
    Rice processing and trading
    Product/Service revenue
    4520000000

Innovation assets and Pipeline

Total patents held:
175
Number of patents field last year:
92

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the wholesale sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the projected economic growth within the African and Asian continents over the next two decades, spurred largely by massive population and internet penetration growth forecasts, will result in a significant increase in regional and international commerce/trade.

*RFID tags, a technology used to track physical goods remotely since the 80s, will finally lose their cost and technology limitations. As a result, manufacturers, wholesalers, and retailers will begin placing RFID tags on every individual item they have in stock, regardless of price. Thus, RFID tags, when coupled with the Internet of Things (IoT), will become an enabling technology, enabling the enhanced inventory awareness that will result in significant new investment in the logistics sector.

*Autonomous vehicles in the form of trucks, trains, planes, and cargo ships will revolutionize the logistics industry, allowing cargo to be delivered faster, more efficiently, and more economically. Such technological improvements will encourage greater regional and international trade that wholesalers will manage.

*Artificial intelligence (AI) systems will take over more and more of the administrative tasks and logistics management associated with purchasing items in bulk, shipping them across borders, and delivering them to end buyers. This will result in reduced costs, layoffs of white-collar workers, and a consolidation within the marketplace since larger wholesalers will afford advanced AI systems long before their smaller competitors.

COMPANY’S FUTURE PROSPECTS

Company Headlines