Lyft Divests Autonomous Driving Unit

To save operating expenses in areas beyond its core ride-sharing business, Lyft has agreed to sell its autonomous-driving unit to Toyota.

The divestment will allow Lyft to partner with Toyota to develop vehicles for its autonomous ride-hailing networks.  The partnership will further the companies’ mission to advance mobility technologies on a global scale.

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This post is based on the Industry Week article,

CostCo’s Farm-To-Table Rotisserie Chicken

Costco is building a farm-to-table production system in Fremont, Nebraska, to manage both the supply and demand of its rotisserie chickens.

About 100 chicken farmers will sign a 15-year contract to raise enough chickens suited for the rotisserie.  Farmers are vertically integrated with Costco’s production system that consists of a processing plant, hatchery, and feed mill.

The production system can process two million chickens per week at full capacity, more than enough to meet Costco’s annual demand of 60 million rotisserie chickens.

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Aisle of Lost Toys

After failing to emerge from Chapter 11 bankruptcy, the iconic toy retailer, Toys ‘R’ Us, is going to liquidate all its stores in the U.S..

The demise of Toys ‘R’ Us hits small toy vendors and makers especially hard as they may not be able to collect the $14 to $15 million owed.  The loss of a major specialty toy retailer like Toys ‘R’ Us also leaves toy makers without a mass distributor or a physical showcase for innovative toys.

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