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Role of Global Value Chain (GVC) post covid19 era

GVCs play a vital role for those corporations that have a presence in multiple countries. The significance of the Global Value Chain is rising; especially in the post covid19 era. On the one hand, tight integration of the supply chain management strengthens the company's operations, on the other hand, companies mainly focus on reducing operational costs in order to compete in international markets. GVCs allow multinational corporations to reduce these operational costs significantly. Global Value Chains are mainly backed by technologies, which lead to minimizing errors and maximum output. It is a humongous task to coordinate between manufacturing units, shipping companies, and logistic operators. But the rise of sophisticated GVCs may substantially reduce these efforts.
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