A fire at a Chinese-owned auto parts plant in Michigan has cut off supply of key components and disrupted production of crucial Ford Motor Co. and Daimler AG models, with the U.S. automaker already saying it'll hurt profit in the second quarter.
Alibaba has long enjoyed a lucrative return from its massive online shopping network. But their extraordinary profitability is no longer a foregone conclusion as the Chinese e-commerce giant re-invests huge sums of money on new initiatives in the face of intensifying competition.
Tyson Foods has launched an effort that the company says invites the public to get involved in “tackling the problem of food waste.” The company is selling what it calls “boxes of high quality surplus food” through a direct to consumer offering dubbed flashfoodbox.
The White House plans to convene executives from Amazon, Facebook, Google, Intel and 34 other major U.S. companies on Thursday as it seeks to supercharge the deployment of powerful robots, algorithms and the broader field of artificial intelligence.
Established U.S. logistics firms say digital-friendly freight startups that are drawing growing interest in Silicon Valley still lack the scale and customer relationships to threaten their share of the market.