Blogs

The current economic environment is incoherent and unpredictable, and the gap between available labor and expected growth grows wider every day. A pivot in consumer behavior toward eCommerce seems to have led to a noteworthy overhaul of supply chain management processes. The traditional business model—with its focus on shipping bulk to stores and distribution centers—has been disrupted by eCommerce, requiring adjustments in operational structures and labor requirements. Warehousing has taken on a new role with much more expansive and complex operations. The eCommerce market in the United...

The medical industry continues to face a labor shortage, specifically when it comes to laboratory technology and testing. These behind-the-scenes technicians are indispensable to any hospital or skilled nursing facility. Before Covid-19, lab techs were running 13 billion tests in the US each year. Add another billion SARS-CoV-2 tests on top, and you can see these labs’ pivotal role in the American healthcare system. According to The Commission on Office Laboratory Accreditation (COLA), lab tests shape about two-thirds of all decisions made by medical professionals. A dwindling skilled labor...

Skilled labor plays a critical role in keeping the cogs of the economy running smoothly. The manufacturing industry’s ongoing skilled labor shortage is marked by some concerning trends. While the manufacturing industry, like many others, faces challenges related to economic uncertainty and inflationary spirals, it’s also dealing with global logistics backlogs, supply chain bottlenecks, and cyberattacks. The continued loom of a talent shortage may affect the industry’s growth momentum. Lower productivity in the manufacturing sector and a reduced ability to meet customer demands are both...

Primary Source of Fraud: Business Email Comprise Email communication plays a major role in how many businesses conduct their daily operations. Fraudsters continue to adapt their business email compromise (or “BEC”) schemes, as well. While they may target an entire organization, they often focus their efforts on Accounts Payable departments. According to the 2023 AFP Payments Fraud and Control Report, the number of organizations falling victim to BEC fraud has slightly increased in the last year, as has the number of organizations that have experienced financial loss due to BEC. This type of...

Fraudsters Continue to Target Check Payments A large majority of organizations are still using checks for outgoing payments and checks continue to be the primary target of payments fraud. Without preventative measures in place, every check payment could be exposing an organization to fraud. AFP reported the following as tools and processes companies have implemented to protect their business: ACH Fraud On The Rise As more companies make the transition from paper checks to electronic payments, the Association of Financial Professionals reported an increase in the number of organizations...