Paper Details

Name: Hukam Pal, Jaiswal Aman Anand , KM Simran Singh
Country: India

Year: 2023
Volume: Volume-10, Issue-1(January-June)
Page Number: 91-102

This study conceptually examines the transformation of global value chains (GVCs) in the post-pandemic economy, highlighting the shift from efficiency-driven models toward resilience, digitalization, and regionalization. Drawing on an extensive review of recent literature, the paper identifies how COVID-19 exposed structural vulnerabilities in highly fragmented and globally dispersed production systems. The study argues that firms and policymakers are increasingly prioritizing risk mitigation, supply chain diversification, and technological integration to enhance adaptability. It further emphasizes the growing role of digital technologies in improving coordination and transparency, alongside the influence of geopolitical and policy interventions in reshaping GVC configurations. The paper proposes a conceptual reframing of GVCs as complex, adaptive systems that incorporate economic, technological, and socio-environmental dimensions. This research contributes to the evolving
discourse on globalization by providing a comprehensive understanding of emerging trends and future directions in global production networks.