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Beyond the "eye of the storm": A processual and multi-layered approach to global value chain resilience

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  • Sacco, Federica
  • Magnani, Giovanna
  • Previtali, Pietro

Abstract

Repeated shocks to business continuity, such as extreme natural events, a global pandemic, geopolitical tensions, trade wars and actual wars, have challenged and are challenging multinational enterprises in their role as “orchestrators” within global value chains (GVCs). Consequently, interest in GVC resilience has grown in the field of international business. This study investigates how control and location decisions in GVCs can contribute to the resilience of the overall value chain. To answer this question, we develop a multiple case study in the context of the pharmaceutical and medical-device sectors, and propose a theoretical model of GVC resilience that untangles the mechanisms that help multinational enterprises and their value chains withstand shocks.

Suggested Citation

  • Sacco, Federica & Magnani, Giovanna & Previtali, Pietro, 2025. "Beyond the "eye of the storm": A processual and multi-layered approach to global value chain resilience," International Business Review, Elsevier, vol. 34(6).
    • Handle: RePEc:eee:iburev:v:34:y:2025:i:6:s0969593125000733
    DOI: 10.1016/j.ibusrev.2025.102460
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