1. Work as a team to do a media search task
2. Ask your workplace supervisor or mentor to give you a list of possible trade journals and/or websites that have specific information pertaining to the industry that you are working in.
3. Now access at least 2 of these sources of information.
4 Record a bibliography detailing the source, edition and date/time you accessed the information using the Harvard referring method
5. Now make identify at least 1 innovation or technological advancement that is currently of interest in your sector or business.
6. Present a copy of the article you accesses for your information.
7. Then deliver a presentation to the rest of the class giving the following information around the article/journal/website you accessed
7.1. Background to the topic of innovation or technology
7.2. Is the presented innovation/technological advance already available in South Africa (if not
where is it available?)
7.3. How is it changing/has it changed the way that organisations in the sector/business works?
7.4. How does this innovation/technological advancement affect the organisation in terms of
7.4.1. Customer base?
7.4.2. The larger South African business sector?
7.4.3. The global business sector?
7.5. Does the article give any background as to the run up (steps) that lead to the innovation/ technological advancement? Try to find out:
7.5.1. Why it became necessary?
7.5.2. Who first thought of it?
7.5.3. What was necessary to make it happen? 7.5.4. How did they go about inventing it?
7.5.5. When will it be available to everyone in the sector?
7.6. Present any controversial issues related the innovation/technological advancement presented
7.6.1. From the article (expressed by others)
7.6.2 From discussion with your team (expressed by members of the team)
Bibliography:
1. Smith, J. (2021) "The Impact of Artificial Intelligence in Logistics Industry," Logistics Journal, Vol. 15, Issue 2, accessed on 15th September 2021.
2. Brown, A. (2021) "Blockchain Technology: Revolutionizing Supply Chain Management," Supply Chain Today, Issue 7, accessed on 18th September 2021.
Innovation/Technological Advancement: Artificial Intelligence and Blockchain Technology in Logistics Industry
Background to the topic of innovation or technology:
Artificial intelligence and blockchain technology have been making waves in the logistics industry, offering more efficient and transparent processes for supply chain management.
Availability in South Africa:
These technologies are already being implemented by some logistics companies in South Africa, but there is still room for further adoption and integration.
Impact on organizations in the sector/business:
These innovations have significantly changed the way organizations operate, providing real-time data analytics, automated processes, and enhanced security measures.
Effects on the organization in terms of:
Customer base: Improved tracking capabilities and streamlined operations have led to enhanced customer satisfaction.
Larger South African business sector: Increased efficiency and cost savings have made the logistics sector more competitive.
Global business sector: Adoption of AI and blockchain technology has positioned South African logistics companies on par with international counterparts.
Background of the run-up to the innovation:
The necessity for these innovations stemmed from the need for greater efficiency and transparency in supply chain operations. The technologies were developed by experts in the field, with collaborations across various industries to make implementation possible.
Controversial issues:
Some concerns have been raised about the potential job displacement due to automation and the security risks associated with blockchain technology. However, proponents argue that the benefits far outweigh the challenges, leading to a more sustainable and resilient logistics industry.