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As a supplier of logistics and management, it is essential and beneficial for the company to focus on technological trends working in advancement of supply chain management or logistics. Out of many trends, the two trends discussed in the article ‘Logistic and Management' about wireless solutions regarding focusing sharply on the efficiency and transparency of shipping goods and products through the supply chain (Bridget McCrea, 2019). Due to the company's cost reduction strategy, the shippers are continuously under the pressure of reducing the cost of the supply chain. Therefore, the wireless solutions are best ways of providing the capabilities of tracing or tracking through their smart devices even outside the warehouse's four-walls, this, in turn, gives the transparency and efficiency in performing functions. The competitive advantage of this trend to the company like Chevron is that it is a company which provides petroleum goods through the supply chain, thereby controlling functioning via wireless commodities will help in gaining efficient and transparent transportation.
The other trend discussed in the article is that wireless technology is improving the technological infrastructure for the smaller shippers as well, as it is accommodating the large suppliers. The mobile devices or smart devices are the ultimate sources for the company's success in overall working from expatiating information due to portability and connectivity that is offered to the shippers through its usage (Barata, Rupino Da Cunha & Stal, 2018). This also enables a company to stop wasting its money into investing for large wireless products. The company is a a competitive advantage due to the easy mobility of products and eliminating the tied wired technologies from the company's expenses. This way of technology is cost-efficient and less complex, once you get used to its usage. Being a supplier it is necessary for us to accommodate technological advantages for the well being of the company. Hence, these two trends will offer a wider solution to all the supply chain issues or problems going on in the company.
Bridget McCrea, E. (2019). Supply Chain and Logistics Technology: 8 trends taking us closer to visibility. Logisticsmgmt.com. Retrieved from https://www.logisticsmgmt.com/article/supply_chain_and_logistics_technology_8_trends_taking_us_closer_to_visibili
Barata, J., Rubino Da Cunha, P., & Stal, J. (2018). Mobile supply chain management in the industry 4.0 era: an annotated bibliography and guide for future research. Journal of Enterprise Information Management, 31(1), 173-192.
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