Abstract
The pandemic crisis caused a severe shock to global value chains and led to supply shortages for complex medical goods such as respiratory ventilators. What followed were calls to reshore production for security, and the loss of efficiencies from foreign global value chain (GVC) operations for the multinational enterprise. This article merges internalization and GVC theory to demonstrate a dynamic hierarchy managerial response to these crisis conditions. An optimally configured GVC under hierarchy governance can resiliently eliminate global supply line ruptures yet maintain the benefits of global efficiency.
| Original language | English |
|---|---|
| Pages (from-to) | 97-118 |
| Number of pages | 22 |
| Journal | California Management Review |
| Volume | 64 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - Feb 2022 |
| Externally published | Yes |
Keywords
- case study
- effectiveness
- global geographic structure
- global supply chain
- globalization
- globalization strategies
- international R&D
- multinational corporations
- outsourcing production
- resilience
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