Afternoon Coffee: Optal to Acquire Invapay, Pier 1 Imports’ Supply Chain Retooling Boosts Stock

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Payment solutions provider Optal announced Tuesday it would acquire Invapay, a payment provider that helps make credit card payments available to suppliers that typically are unable to accept such transactions. Invapay also enables corporate buyers to obtain the extended payment terms of traditional card payments, among other capabilities that aim to improve the “pay” portion of the procure-to-pay (P2P) process.

“The acquisition of Invapay enables Optal to deliver a one-stop-shop for corporate B2B payables needs,” said Rob Bishop, CEO of Optal. “Combined with our existing ... virtual payment solutions including virtual account numbers or VANs, Invapay completes our product offering, enabling us to offer genuine ‘pay anyone, anywhere’ capabilities.”

Pier 1’s Supply Chain Initiatives Pay Off

Here’s a great example of how prioritizing procurement and supply chain efforts can benefit the broader business: shares of Pier 1 Imports jumped 8.1% in after-hours trading after it told investors that its cost cutting and supply chain efficiency projects had worked better than expected and improved its margins.

Bird Flu Found at Tennessee Farm

Federal officials identified an outbreak of avian influenza Sunday on a farm in southern Tennessee that produces chickens for Tyson Foods, the New York Times reports.

“All flocks located within a six-mile radius of the farm will be tested and will not be transported unless they test negative for the virus,” Tyson said in a statement on its website. “Based on the limited scope known to us at this time, we don’t expect disruptions to our chicken business.”

Oil Update

 And finally, the latest word on oil supply from the International Energy Agency: Global oil supply may struggle to match demand after 2020, Reuters writes, when the pinch of a two-year decline in investment in new production could leave spare capacity at a 14-year low and send prices sharply higher. While investors are not expecting a price spike any time soon, the projected “crunch” marks a reversal from the years of oversupply and investment contraction seen since 2015.

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