AN ELECTRIC bus can be seen in action across Herefordshire this week.
Afternoon Coffee: February PMI; COVID-19 tests; GTreasury acquisition
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Texas grocers say the snowstorm shortages aren’t like ones driven by pandemic last spring
Major grocery chains Tom Thumb, Albertsons, Kroger and others say they don’t foresee any long-term shortages.
The scene just a week ago at the Tom Thumb in Arboretum Village on Gaston Avenue near White Rock Lake.(Lola Gomez / Staff Photographer)
Grocers and their suppliers have worked fast to replenish shelves after last week’s snowstorm and expect to have North Texas stores back to normal by this weekend.
The weather’s impact on grocery shelves isn’t the same as last year’s COVID-19-driven shortages that started with toilet paper and moved throughout the store as pantry loading depleted supplies nationwide.
Adobe Stock
Fiverr, the online freelancer platform provider, has announced its Q4 2020 and full year (FY) 2020 financial results. The company experienced high growth, partly driven by coronavirus tailwinds, as normalization of remote work increased and demand among small and mid-sized businesses for digital marketing services grew. Fiverr’s innovations (e.g., Promoted Gigs or services, subscriptions for certain services, etc.), global expansion and sophisticated marketing (Fiverr has no sales force) also likely contributed to the company’s growth.
Q1 2020
Active buyers, as of Dec. 31, 2020, grew 45% YoY to 3.4 million
Spend per buyer, as of Dec. 31, 2020, grew YoY by 20% to $205
Adjusted EBITDA for Q4 2020 increased to $4.6 million, compared to $3.3 million in Q4 2019. Note: EBITDA turned positive for the first time
Corcentric acquires payments specialist Vendorin for $100 million Adobe Stock
Source-to-pay provider Corcentric today announced a $100 million acquisition of the payments technology specialist Vendorin to add to Corcentric s spend and revenue management solutions and services that help businesses shed paper checks and adopt digital B2B payment methods.
“Corcentric is following the money in B2B,” said Spend Matters Founder Jason Busch, who just wrote an analyst column on where payments vendors fit into the payments technology market. “Corcentric’s acquisition of Vendorin expands its payment capabilities, especially in the small to mid-size market, which presents the largest opportunity to move companies away from checks to ACH and virtual-card transactions. This uniquely North American phenomenon (owing to the legacy of checks) is a land grab at the moment that offers the possibility of both SaaS subscription and rebate/transactional income for providers.”
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