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Internal Fraud is the misuse of an organization’s resources or assets conducted by a malicious insider. This individual could be a current or former employee, contractor, or other business relationship who has knowledge of or access to the processes and/or systems within an organization. Due to their knowledge, the fraudster can bypass organizational security measures through legitimate means. Industry Concerns According to the AFP Payments Guide 1: Combating Fraud in a Remote Working Environment “A somewhat alarming 2019 study of executives from mid-sized companies, $50 million to $3 billion...
In 2022, American agribusiness leaders face a reefer container shortage forcing them to once more re-examine distribution logistics. What strategies can help agribusiness leaders navigate the reefer container shortage and maintain profits in 2022? The Covid-19 pandemic brought global trade to a standstill. While some businesses weathered the storm fairly unharmed, knowing their products were safe in storage, others—like American agribusinesses—wore their concerns on their sleeves. Temperature-sensitive and seasonal products would perish if they couldn't get to the shelves and eventual...
The competition for talent across various industries means that employers need to set up benefits packages such as 401(k) plans to attract top talent. However, employers incur significant legal responsibility in setting up and running such retirement benefit plans. Employers become fiduciaries of employee retirement benefit plans by default because they manage many of the administrative and investment duties involved. The Employee Retirement Income Security Act (ERISA) sets out principles and regulations about how the funds collected under these plans may be managed and invested, failure to...
The challenges of the supply chain crisis look set to persist through 2022 and even into 2023. The future of transportation and logistics lies in embracing the right technologies, as well as accurate, real-time data. Companies need to stay agile and responsive to changing conditions. For these reasons, the right strategy is vital. Intermodal transportation is yet another area facing challenges since the onset of the Covid-19 pandemic. The pandemic upended global supply chains, causing a worldwide crisis in transportation. As we enter the third year since the pandemic’s onset, these supply...
As an employer, attracting and retaining talent is challenging as you work to drive your business forward. The workforce continues to be compressed, which only intensifies the need to stand out amongst other employers in your industry. This might include additional PTO, assistance programs, health care benefits, and for many, a structured and valuable retirement plan. As a leader at your company, the retirement plan landscape can be overwhelming at times. You want to offer your employees a plan to help them achieve a good retirement, while minimizing your risk and ensuring your plan fits your...