Today’s global value chains and the end-to-end processes that underpin them from raw material extraction and processing through to consumer fulfillment and end-of-life disposal, reuse or recycling, have been built on a paradigm of localized production nodes and globalized flows. But what will happen to the role of production when the Fourth Industrial Revolution and the other trends restructure the paradigm on which global value chains have been built? In this paper, we propose a new framework to help governments and companies think through the implications of the ongoing transformations of Global Value Chains for their industrial development and investment strategies. We also highlight new opportunities for multi-stakeholder collaboration for national economies in order to advance their levels of readiness, built resilience and have a role to play in next-generation Global Value Chains.
The information found on this dashboard is based on sampled data and best view projections and is intended to facilitate the development of a better understanding of Global Value Chains (GVCs). The widget illustrates 3 of the most impacted GVCs, that of a cotton T-shirt, a smartphone and an automobile. The dashboard has the flexibility to indicate a GVC in its current state and in a customizable “scenario” setting. The center of each slider bar coincides with the neutral position, implying “no change” compared to today’s situation. Toggling the slider bar to the highest and lowest positions enables the user to see the maximum conceivable effects of the mega-trends over a three-year time frame.