While COVID-19 has caused significant short-term disruptions in global value chains (GVCs), in the longer run, the pandemic will not be the primary catalyst in GVC evolution. As GVCs recover from the initial shock, managers will make GVC restructuring decisions guided by long-term strategic considerations. This article describes barriers that lead firm managers may encounter when rethinking location/control decisions for value chain activities and suggests that, in addition to structural changes, managerial governance adaptations are instrumental in enhancing GVCs’ long-term resilience. Lessons learned from responding to the pandemic can help managers enhance GVC efficiency in the increasingly uncertain global environment.

尽管 COVID-19 在短期内对全球价值链 (GVC) 造成了重大破坏，但从长远来看，大流行不会成为全球价值链演变的主要催化剂。随着全球价值链从最初的冲击中恢复，管理者将根据长期战略考虑做出全球价值链重组决策。本文描述了领先企业的管理者在重新考虑价值链活动的选址/控制决策时可能遇到的障碍，并表明，除了结构变化之外，管理治理调整有助于增强全球价值链的长期弹性。从应对大流行病中汲取的经验教训可以帮助管理者在日益不确定的全球环境中提高 GVC 效率。