The Covid-19 pandemic has shown the importance of a better understanding of Global Value Chains (GVCs) in relation to epidemic outbreaks. The literature also mentions that there is now an opportunity for building inclusive and sustainable GVCs.
This rapid review synthesises the literature from academic, policy, knowledge and business institution sources on the discourse on reshaping GVCs as a result of the current Covid-19 pandemic and how GVC support programmes might have to adapt to the “new normal”. It concludes that lead firms in GVCs could decide to diversify suppliers, reshore (near-shore) production closer to demand or intensify linkages with existing suppliers.
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