IDEAS home Printed from https://ideas.repec.org/a/bla/tvecsg/v111y2020i3p530-542.html
   My bibliography  Save this article

COVID‐19 and Alternative Conceptualisations of Value and Risk in GPN Research

Author

Listed:
  • John R. Bryson
  • Vida Vanchan

Abstract

The COVID‐19 pandemic represents a major disturbance that has rippled across the world’s population, states, economy, and central nervous system or global production networks transforming the traditional roles of states, firms, individuals/consumers, and geographies of production. This paper offers a critical and context‐based approach to understanding globalization and localization by challenging the conceptualization of ‘value’ and ‘risk’ within the current global production networks framework as well as identifying key operational strategies in risk management and national security. An analysis of the adaptation strategies of the GPNs of 91 companies identifies the role played by four different forms of value in configuring production networks. This is to balance ‘economic value’ with non‐price‐based sources of value and alternative values. The analysis underscores the critical role of the state in ensuring national and human security as well as its increasing power as a key actor in GPNs and the global economy.

Suggested Citation

  • John R. Bryson & Vida Vanchan, 2020. "COVID‐19 and Alternative Conceptualisations of Value and Risk in GPN Research," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 111(3), pages 530-542, July.
  • Handle: RePEc:bla:tvecsg:v:111:y:2020:i:3:p:530-542
    DOI: 10.1111/tesg.12425
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/tesg.12425
    Download Restriction: no

    File URL: https://libkey.io/10.1111/tesg.12425?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Neil M Coe & Henry Wai-chung Yeung, 2019. "Global production networks: mapping recent conceptual developments," Journal of Economic Geography, Oxford University Press, vol. 19(4), pages 775-801.
    2. Nebahat Tokatli, 2008. "Global sourcing: insights from the global clothing industry—the case of Zara, a fast fashion retailer," Journal of Economic Geography, Oxford University Press, vol. 8(1), pages 21-38, January.
    3. John R. Bryson & Rachel Lombardi, 2009. "Balancing product and process sustainability against business profitability: sustainability as a competitive strategy in the property development process," Business Strategy and the Environment, Wiley Blackwell, vol. 18(2), pages 97-107, February.
    4. Nebahat Tokatli, 2015. "Single-firm case studies in economic geography: some methodological reflections on the case of Zara," Journal of Economic Geography, Oxford University Press, vol. 15(3), pages 631-647.
    5. Colin Haslam & Nick Tsitsianis & Tord Andersson & Ya Ping Yin, 2013. "Apple's financial success: The precariousness of power exercised in global value chains," Accounting Forum, Taylor & Francis Journals, vol. 37(4), pages 268-279, December.
    6. Thomas Clarke & Martijn Boersma, 2017. "The Governance of Global Value Chains: Unresolved Human Rights, Environmental and Ethical Dilemmas in the Apple Supply Chain," Journal of Business Ethics, Springer, vol. 143(1), pages 111-131, June.
    7. Coe, Neil M. & Yeung, Henry Wai-chung, 2015. "Global Production Networks: Theorizing Economic Development in an Interconnected World," OUP Catalogue, Oxford University Press, number 9780198703914.
    8. Vida Vanchan & Rachel Mulhall & John Bryson, 2018. "Repatriation or Reshoring of Manufacturing to the U.S. and UK: Dynamics and Global Production Networks or from Here to There and Back Again," Growth and Change, Wiley Blackwell, vol. 49(1), pages 97-121, March.
    9. Haslam, Colin & Tsitsianis, Nick & Andersson, Tord & Yin, Ya Ping, 2013. "Apple's financial success: The precariousness of power exercised in global value chains," Accounting forum, Elsevier, vol. 37(4), pages 268-279.
    10. John R. Bryson & Megan Ronayne, 2014. "Manufacturing carpets and technical textiles: routines, resources, capabilities, adaptation, innovation and the evolution of the British textile industry," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 7(3), pages 471-488.
    11. Grete Rusten & John R. Bryson, 2010. "Placing And Spacing Services: Towards A Balanced Economic Geography Of Firms, Clusters, Social Networks, Contracts And The Geographies Of Enterprise," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 101(3), pages 248-261, July.
    12. Dan Klooster & Alejandro Mercado-Celis, 2016. "Sustainable Production Networks: Capturing Value for Labour and Nature in a Furniture Production Network in Oaxaca, Mexico," Regional Studies, Taylor & Francis Journals, vol. 50(11), pages 1889-1902, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Henry Wai-chung Yeung, 2021. "The trouble with global production networks," Environment and Planning A, , vol. 53(2), pages 428-438, March.
    2. Huiwen Gong & Robert Hassink & Cassandra Wang, 2021. "Strategic coupling and regional resilience in times of uncertainty: the industrial chain chief model in Zhejiang, China," PEGIS geo-disc-2021_06, Institute for Economic Geography and GIScience, Department of Socioeconomics, Vienna University of Economics and Business.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Natsuki Kamakura, 2022. "From globalising to regionalising to reshoring value chains? The case of Japan’s semiconductor industry [Reorienting the drivers of development: alternative paradigms]," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 15(2), pages 261-277.
    2. Liena Kano & Eric W. K. Tsang & Henry Wai-chung Yeung, 2020. "Global value chains: A review of the multi-disciplinary literature," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(4), pages 577-622, June.
    3. Gavin Bridge & Alexander Dodge, 2022. "Regional assets and network switching: shifting geographies of ownership, control and capital in UK offshore oil [Temporality and the evolution of GPNs: remaking BHP’s Pilbara iron ore network]," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 15(2), pages 367-388.
    4. Frasquet, Marta & Dawson, John & Calderón, Haydeé & Fayos, Teresa, 2018. "Integrating embeddedness with dynamic capabilities in the internationalisation of fashion retailers," International Business Review, Elsevier, vol. 27(4), pages 904-914.
    5. Huiwen Gong & Robert Hassink & Cassandra Wang, 2021. "Strategic coupling and regional resilience in times of uncertainty: the industrial chain chief model in Zhejiang, China," PEGIS geo-disc-2021_06, Institute for Economic Geography and GIScience, Department of Socioeconomics, Vienna University of Economics and Business.
    6. Jung-In Yeon & Sojung Hwang & Bogang Jun, 2022. "The spillover effect of neighboring port on regional industrial diversification and regional economic resilience," Papers 2204.00189, arXiv.org.
    7. Alistair Rainnie, 2021. "Regional development and agency: Unfinished business," Local Economy, London South Bank University, vol. 36(1), pages 42-55, February.
    8. Azmeh, Shamel & Nguyen, Huong & Kuhn, Marlene, 2022. "Automation and industrialisation through global value chains: North Africa in the German automotive wiring harness industry," Structural Change and Economic Dynamics, Elsevier, vol. 63(C), pages 125-138.
    9. Huiwen Gong & Robert Hassink & Christopher Foster & Martin Hess & Harry Garretsen, 2022. "Globalisation in reverse? Reconfiguring the geographies of value chains and production networks [Does Covid-19 Spark the End of Globalisation?]," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 15(2), pages 165-181.
    10. Philip Völlers & Thomas Neise & Philip Verfürth & Martin Franz & Felix Bücken & Kim Philip Schumacher, 2023. "Revisiting risk in the Global Production Network approach 2.0 - Towards a performative risk narrative perspective," Environment and Planning A, , vol. 55(8), pages 1838-1858, November.
    11. Niraja Srinivasan & Lorraine Eden, 2021. "Going digital multinationals: Navigating economic and social imperatives in a post-pandemic world," Journal of International Business Policy, Palgrave Macmillan, vol. 4(2), pages 228-243, June.
    12. Alexander Dodge, 2020. "The Singaporean natural gas hub: reassembling global production networks and markets in Asia [Powerful assemblages?]," Journal of Economic Geography, Oxford University Press, vol. 20(5), pages 1241-1262.
    13. Schoneveld, George C. & Weng, Xiaoxue, 2023. "Smallholder value creation in agrifood chains: Value network approach," Land Use Policy, Elsevier, vol. 131(C).
    14. Henry Wai-chung, 2023. "From Regional to Global and Back Again? A Future Agenda for Regional Evolution and (De)Globalized Production Networks in Regional Studies," Papers in Evolutionary Economic Geography (PEEG) 2312, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised May 2023.
    15. Oliveira, Luis & Fleury, Afonso & Fleury, Maria Tereza, 2021. "Digital power: Value chain upgrading in an age of digitization," International Business Review, Elsevier, vol. 30(6).
    16. Oya, Carlos & Schaefer, Florian, 2021. "The politics of labour relations in global production networks: Collective action, industrial parks, and local conflict in the Ethiopian apparel sector," World Development, Elsevier, vol. 146(C).
    17. Huiwen Gong & Robert Hassink & Cassandra C Wang, 2022. "Strategic coupling and institutional innovation in times of upheavals: the industrial chain chief model in Zhejiang, China [Institutional change in economic geography]," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 15(2), pages 279-303.
    18. Bathelt, Harald & Li, Pengfei, 2020. "Processes of building cross-border knowledge pipelines," Research Policy, Elsevier, vol. 49(3).
    19. Enru Wang & Changhong Miao & Xiaofei Chen, 2022. "Circular Economy and the Changing Geography of International Trade in Plastic Waste," IJERPH, MDPI, vol. 19(22), pages 1-19, November.
    20. Henry Wai-chung Yeung, 2021. "The trouble with global production networks," Environment and Planning A, , vol. 53(2), pages 428-438, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:tvecsg:v:111:y:2020:i:3:p:530-542. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0040-747X .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.