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Reference.org
Global value chain
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<p>A global value chain (GVC) refers to the full range of activities that economic actors engage in to bring a product to market. The global value chain does not only involve production processes, but preproduction (such as design) and postproduction processes (such as marketing and distribution). </p><p>GVC is similar to <a href="/facts/Value_chain/nIfCnfcA">Industry Level Value Chain</a> but encompasses operations at the global level. GVC is similar to the concept of a <a href="/facts/Supply_chain/cApUyx1h">supply chain</a>, but the latter focuses on conveyance of materials and products between locations, often including change of ownership of those materials and products. The existence of a global value chain (i.e. where different stages in the production and consumption of materials and products of value take place in different parts of the world) implies a global supply chain engaged in the movement of those materials and products on a global basis. </p>