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Scammers fake student identities to siphon aid payments
By Shefali Kapadia As college students return to universities for the fall semester, a payment scam is lurking on campus. Fraudsters are stealing identities or creating fake ones to create “ghost students.” These false identities apply for financial aid from a university or through the federal government. If the fraudster successfully bypasses university or government… Read more
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How Baker Industries and its 101-year-old founder fuel a talent pipeline
By Shefali Kapadia Baker Industries began as a tiny operation out of Charlie Baker’s garage. Forty-six years later, the organization is preparing to open a new warehouse outside of Philadelphia and Baker recently celebrated his 101st birthday. Baker Industries, with two locations in Pennsylvania, provides packaging, shrinkwrapping, kitting, fulfillment, assembly and other light-industrial services for… Read more
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Retailers are calling on AI to stop customer return fraud
By Shefali Kapadia It’s not uncommon for a consumer to order the same shirt in three sizes, then return the two that don’t fit. But what happens when the consumer swaps the labels and returns different shirts, or buys a dress for an event, wears it once with the tag tucked in, then returns it?… Read more
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Data center construction boom driving historic manufacturing opportunities
By Shefali Kapadia If someone told Trey Travis five years ago he’d be walking the floor of a supercomputing show, he wouldn’t have believed them. Georgia-based Southeastern Hose, where Travis is VP of operations, manufactures corrugated metal hoses and traditionally serves customers in industries such as steel and petrochemicals. But the hoses have another purpose:… Read more
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Prepared food surge in c-stores brings packaging innovations
By Shefali Kapadia Convenience stores are no longer just a spot to grab an energy drink and a bag of chips. The retailers are increasingly becoming an outlet for prepared meals and fresh food – even sushi – while still maintaining grab-and-go convenience. For packaging suppliers, the c-store sector presents a growing opportunity to supply… Read more
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Facebook fraud becomes lightning rod
By Shefali Kapadia Social media platforms, especially Facebook, have become a hotbed for payment scams, putting financial institutions in a position of playing the last line of defense to stop money transfers from a victim to a criminal. The Federal Trade Commission tallied the toll on consumers last month in a new report: $2.1 billion in… Read more