Afternoon Coffee: West Coast Ports and Dockworkers Agree to Contract Extension, Proactis Completes Acquisition of Perfect Commerce

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Dockworkers have reached an agreement with West Coast port operators to extend their labor contract by three years, to July 2022, the Wall Street Journal reports. That produced a sigh or relief from retailers, manufacturers and shippers who depend on the West Coast ports, which a major strike brought to a standstill in 2015.

Proactis-Perfect Merger

Proactis confirmed in a disclosure Monday that it had completed its acquisition of Perfect Commerce. As we covered in July, the deal makes Proactis one of the largest global cloud-based spend management companies.

Spend Matters PRO subscribers can read our full analysis of the transaction, including an overview of both providers, value propositions of the combination and potential synergies from a customer perspective.

Mexico Mulls Avocados Imports

The world’s biggest producer of avocados is facing an unexpected dilemma, according to the Guardian. Rising prices have made the native fruit unaffordable for locals, and the Mexican government is now considering whether to import foreign avocados in response.

Oil Prices 

And finally, a commodities update: OPEC members are set to meet in Abu Dhabi to discuss oil quotas, although commodities investors are skeptical that output will be sufficiently stanched any time soon.

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