The current time passing now days is the time which is achieving a lot of trends in every working field and ion other aspects of life as well. Every part of the Supply Chain is heightened by customer expectations in the current business environment internationally. The global supply chain is becoming, faster, sustainable, more customer-centric and smarter as well at the same time by delivering logistics and delivery management solutions in organizations in international businesses. Until 2020 a lot of trends have been introduced in the supply chain market making it advance and updated for sure. The global supply chain is always profitable and beneficial for the organizations as they will be able to move the manufacturing from one place to another and thus increases the worth of supply chain configurations in different countries (Abdullah, 2020).

There may be a threat of receiving negative exposure to the companies in terms of receiving the resources from foreign resources that also exploits the apparels issues and making the environment and social issues more complicated and more advanced as well. With a limited supply chain transparency, they can be able to tackle this issue and while having a trending thing in the queue of their workings, they can achieve this target efficiently. To get an idea about what they are going to have for latest outsourcing, several things can be considered and hence they are going to manage to investigate the global sourcing strategies for latest updates on supply chain or manufacturing of different things concerned with different fields of workings in the organizations. The decision criteria have been set to implement these strategies and hence the trending aspects can be taken care and achieved efficiently and appropriately for sure. The main thing that is considered to carry out this outsourcing is to sustainable aspects of concentration as a must (Wieland, 2020).

Summary of trends for 2020 of Global Sourcing and Innovation Management

2020 brings many innovations in the current system as making the supply chain system more advance and more innovative. Here are some trends that are now days boosting up the markets lets discuss those:

Ongoing Digital Transformation of Global Sourcing and Innovation Management

            Digital transformation is not a new trend but it is updated nowadays because of the involvement of latest and innovative technology in this department. The ongoing process of digital transformation is in the process as for many years’ digital transformation is increasing with a strong background. For top-performing procurement functions, digital transformation has become a fast imperative. The organizations are going on a digital transformation journey so those who are far behind and even started their new workings they must catch-up with the organizations on this journey as fast as they could. The procurement space is now the best technology is before aimed and hence they are going to manage the things more appropriately and more innovatively for sure. Some specific circumstances will depend on the success of the organization, as per the targets have been set the big investments are targeted and it is expected to increase in future for sure (Yeda Swirski de Souza, 2020).

Building Deeper Supplier Relationships of Global Sourcing and Innovation Management

            Building up supplier relationships stronger is the most important and essential part to be taken seriously in the organizations. For procurement organizations, it is the most strategic priority to be taken seriously. The supplier segmentation and inconsistent implementation of manual processes are going to maintain in the organizations for sure. Several things are going to get managed and thus taking care of the aspects would be able to manage the whole aspects more appropriately and more structured for sure. Into tires, the suppliers need to be segmented by separating those into the integral parts of the supply chain process with full strategic and segmented efficiently (Gerybadze, 2020).

The barriers need to be get separated by making appropriate strategies as this is the most appropriate way to tackle all the situations very much efficiently and properly and hence the whole situation is going to be managed in a reasonable and manageable way. There are many of the things that can interrupt your launching of new products but your main task is to handle all those appropriately so that they are going to become a profitable thing for you and hence you will be able to get the right thing for you. The better policies you made for your business the better you will get for your business launching strategies (von Haartman, 2020)

The relevance of course content to at least two trends

Digital transformation is that kind of thing that reforms the organizations in terms of making them Innovation management system helps organization and MNCs to learn about better skills, better ways, more effective strategies and decision making. And here the role of the senior manager is the utmost and significant to carry out the things in the right way possible to provide the UAE more stability and success. Here in this report, we analyzed the role of a senior manager and all of his efforts for the development of the companies in different countries. He can enhance capacities, employee's performance and entrepreneurial activities to gain more growth. I hope the above-mentioned guide will help you understand about the Innovation management system and process in the right way. This research aims to know about the main things that make the innovation management appropriate and more successful in the organizations and other fields.

You must have to be smart enough that you will highlight all the possible things very quickly and you are smart and active enough that you will get an adequate amount of profit with the help of sufficient effort that you will put into those techniques to get the best results. This is the most important thing for an industrial launch as if you do not go with it properly then you cannot be able to get the right option and the right answer for you and hence you will not be able to get what you want. You must first keep an eye on the things that will surely help you in getting yourself towards the right way and hence you will get the things on time and according to the purpose they are meant to be. The more you will be clear on your concepts and targets the better you will be able to get the idea properly and hence your efforts and amounts would not get wasted at any cost. As this is the most important thing that needs to be considered properly and compulsory in launching new products (MILENA, 2020).

Impact on managers and customers

The managers of the organizations must strongly believe that a multinational organization’s performance depends upon the capacity to utilize existing Innovation and create the latest Innovation for the enhancement of the organizations. This also provides complete understanding related to the growth of the organizations, moreover, this provides understanding related to the comprehensive and systematic Innovation inside the organizations for its success, prosperity and development. Innovation management used by the companies to accumulate, create, integrating, sharing and utilization of resources in a better way. Over the past two or three decades, most of the MNCs use and have developed the technology-based strategy or systems for the enhancement of Innovation Management Processor System.

These systems are important for companies for flexibility, innovation, quicker access, response, adaptability, and improved decision-making ability. But there also exist many challenges in front of the senior manager of the Unilever regarding successfully transferring and accessing of Innovation. It is quite evident that Unilever adopts the Innovation management systems to solve their problems and issues and work hard to becomes best among all other famous MNCs. we can say that when conditions or environment changes for Unilever or any other MNC, they should change their behaviour and structure according to the new requirements and demands for better opportunities and stability (Asimakopoulos, 2020).

The managers of the organizations must strongly believe that a multinational organization’s performance depends upon the capacity to utilize existing Innovation and create the latest Innovation for the enhancement of the organizations. This also provides complete understanding related to the growth of the organizations, moreover, this provides understanding related to the comprehensive and systematic Innovation inside the organizations for its success, prosperity and development. Innovation management used by the companies to accumulate, create, integrating, sharing and utilization of resources in a better way. Over the past two or three decades, most of the MNCs use and have developed the technology-based strategy or systems for the enhancement of Innovation Management Processor System.

These systems are important for companies for flexibility, innovation, quicker access, response, adaptability, and improved decision-making ability. But there also exist many challenges in front of the senior manager of the organizations regarding successfully transferring and accessing of Innovation. It is quite evident that organization adopt the Innovation management systems to solve their problems and issues and work hard to becomes best among all other famous MNCs. we can say that when conditions or environment changes for organizations or any other MNC, they should change their behaviour and structure according to the new requirements and demands for better opportunities and stability (Arrigo, 2020).

Implications for organizations in the future

To change the structure of the organizations is the best environmental behaviour of any organization to become number one. The Innovation Management System is deeply rooted into the strategy structure of the companies as it involves almost every aspect of the organizations, like external and internal, entrepreneurial activities, customer service, cultural aspect, environment conditions, social demands, and other actors every aspect is involved and by considering each aspect one can gain advantages for any multinational organizations. It involves minimal resources, no top management involved only senior manager handles the circumstances, plus, this includes simple technical data and design. Whereas the external factors include; highly adaptive environmental changes, little and no pressure is involved in it (STEENSTRA, 2020).

Second, comes the moderate resources, and the moderate involvement of the top management. Whereas the external factor involves moderate pressure from the industry on the work of the senior manager. The Organisational efforts related to the process based Innovation management system includes high level of resources, complex and critical technical designs, and top management with the senior managers always get involved in such situations, whereas if we see the external environment it involves strong pressure from industry and technological investment sectors. The last Organisational factor includes the extremely high commitment of the resource department, and highly complex technical Innovation is involved in it, that is looked by the senior management and the top leadership. Whereas in this type, rapid and fast environmental changes take place (DORAN, 2020).

Conclusions of Global Sourcing and Innovation Management

Summing up all the points we can say that innovation in management is going to be the most important and essential things shortly. 2020 has begun with a lot of innovations in almost every field of working. Here procurement and supply chain process is also established and this brings a lot of interventions in businesses in the country and especially international business terms are considered very keenly and carefully in this regard. Several things can be considered in this way as there are many of the different aspects considered keenly and efficiently in this innovation. The associations are going on a computerized change venture so the individuals who are a long way behind and even began their new operations they should find the associations on this excursion as quick as possible.

 The provider divisions and conflicting execution of manual procedures will be kept up noise the associations without a doubt. Various things will get oversaw and accordingly dealing with the viewpoints would have the option to deal with the entire perspectives all the more properly and progressively organized without a doubt. Here right now investigated the job of a ranking director and the entirety of his endeavours for the improvement of the organizations in various nations. He can improve limits, representative's exhibition and innovative exercises to acquire development.

This likewise gives total understanding identified with the development of the associations, also, this gives understanding identified with the far-reaching and orderly Innovation inside the associations for its prosperity, thriving and advancement. This likewise gives total understanding identified with the development of the associations, additionally, this gives understanding identified with the complete and efficient Innovation inside the associations for its prosperity. The Organizational endeavours identified with the procedure based Innovation the executive’s framework incorporates an elevated level of assets, mind-boggling and basic specialized structures, and top administration with the ranking directors consistently get included.

References of Global Sourcing and Innovation Management

Abdullah, O. (2020, January 2). 4 MAJOR PROCUREMENT TRENDS TO WATCH FOR IN        2020. Retrieved from https://futureofsourcing.com/4-major-procurement-trends    to-watch-for-in-2020

Arrigo, E. (2020). Global Sourcing in Fast Fashion Retailers: Sourcing Locations and Sustainability Considerations. 12(2), 25-508.

Asimakopoulos, G. (2020). External Knowledge Sourcing and Firm Innovation Efficiency. 12(40), 123-140.

DORAN, J. (2020). IN-HOUSE OR OUTSOURCING SKILLS: HOW BEST TO MANAGE      FOR INNOVATION? 24(1), 1-11.

Gerybadze, A. (2020). Technology and innovation management from a global perspective. 207-225.

MILENA, J. (2020). INNOVATING WITH DOMINANT SUPPLIERS: LESSONS FROM THE RACE FOR LASER LIGHT. 15(1), 1-11.

STEENSTRA, N. D. (2020). SUPPLIER CONTRIBUTION TO BUYER INNOVATIVENESS: THE INFLUENCE OF CUSTOMER ATTRACTIVENESS AND STRATEGIC FIT. 24(1), 11-31.

Trent, R. J. (2005, October 15). Achieving Excellence in Global Sourcing. Retrieved from https://sloanreview.mit.edu/article/achieving-excellence-in-global-sourcing/

von Haartman, R. (2020). The impact of global purchasing and supplier integration on product innovation. 57(3), 1295-1311.

Wieland, A. (2020). Overcoming blind spots in global sourcing research: Exploiting the cross-sections between supply chain management and international business. 26(1), 1-15.

Yeda Swirski de Souza. (2020). Global sourcing of knowledge services and innovation: An integrative literature review. 11(21), 11-25.