Global Value Chain Resilience: Understanding the Impact of Managerial Governance Adaptations

While COVID-19 has caused significant short-term disruptions in global value chains (GVCs), in the longer run, the pandemic will not be the primary catalyst in GVC evolution. As GVCs recover from the initial shock, managers will make GVC restructuring decisions guided by long-term strategic consider...

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Bibliographic Details
Published inCalifornia management review Vol. 64; no. 2; pp. 24 - 45
Main Authors Kano, Liena, Narula, Rajneesh, Surdu, Irina
Format Journal Article
LanguageEnglish
Published Los Angeles, CA SAGE Publications 01.02.2022
Subjects
COVID-19
Global environment
Governance
Pandemics
Resilience
Value chain
COVID-19
global value chains
structural governance
long-term GVC resilience
managerial governance adaptations
GVC reconfiguration
internalization theory
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Summary:While COVID-19 has caused significant short-term disruptions in global value chains (GVCs), in the longer run, the pandemic will not be the primary catalyst in GVC evolution. As GVCs recover from the initial shock, managers will make GVC restructuring decisions guided by long-term strategic considerations. This article describes barriers that lead firm managers may encounter when rethinking location/control decisions for value chain activities and suggests that, in addition to structural changes, managerial governance adaptations are instrumental in enhancing GVCs’ long-term resilience. Lessons learned from responding to the pandemic can help managers enhance GVC efficiency in the increasingly uncertain global environment.
ISSN:0008-1256
2162-8564
DOI:10.1177/00081256211066635