Governance of global value chains after the Covid-19 pandemic : a new wave of regionalization?

José Pla-Barber, Cristina Villar and Rajneesh Narula

The disruption of the trade and investment activities of multinational enterprises as a consequence of the Covid-19 pandemic has reinvigorated the debate on the configuration of global value chains (GVCs) as well as the risks and challenges associated with offshoring. This article depicts how the pandemic might affect GVC configuration by driving a trend toward a more regional footprint in industries in which resilience and reliability are critical. Such a shift would create new opportunities for reshoring, and affect both the types of upgrading trajectories and the governance systems in value chains. The article also draws from the intersection of the global-strategy and value-chain fields to propose potential topics and avenues for further research related to these trends.

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Year of publication:	2021
Authors:	Pla-Barber, José ; Villar, Cristina ; Narula, Rajneesh
Published in:	Business research quarterly : BRQ. - London : Sage Publishing, ISSN 2340-9444, ZDB-ID 2772827-4. - Vol. 24.2021, 3, p. 204-213
Subject:	digitalization \| Global value chain \| governance system \| multinational enterprise \| regionalization \| sustainability \| upgrading \| Multinationales Unternehmen \| Transnational corporation \| Betriebliche Wertschöpfung \| Value creation \| Coronavirus \| Globalisierung \| Globalization \| Welt \| World \| Globale Wertschöpfungskette \| Digitalisierung \| Digitization