Some key trends shaping the immediate future of global sourcing include:1. Procurement-as-a-Service: These are digital platforms with an emphasis on analysis, optimization, and simulation capabilities for procurement.2. Sustainable Practices: Sustainability in sourcing strategies involves the incorporation of social, ethical, and environmental performance criteria during supplier selection.3. Circular Supply Chains: In this emerging trend, products are returned or processed so that their components can be repaired, resold, reconditioned, or recycled.4. Greater Transparency: Organizations are innovating to improve transparency in procurement by working with suppliers to get knowledge on upstream value chains.