A brief presentation on the basics of Global Value Chains (GVCs).

1. GLOBAL VALUE CHAINS

2. OPEN RESPONSE ASSESSMENT
by Oluwaseun Adejimi
• This artifact is aimed at engaging and to inform the general public in my
country/city about GVCs in the context of my work.

3. WHAT ARE GLOBAL
VALUE CHAINS?
A global value chain is created when the
production of a product or service is
distributed among different firms in different
countries, rather than undertaken by one
single firm in one location. Companies used
to make things primarily in one country.
However, that has all changed. Today, a single
finished product often results from
manufacturing and assembly in multiple
countries, with each step in the process
adding value to the end product.

4. IMPORTANCE OF
GLOBAL VALUE CHAINS
(GVCs)
Global value chains (GVCs) are a
powerful driver of productivity,
growth, job creation, and
increased living standards.
Countries that embrace them grow
faster, import skills and
technology, and boost
employment.

5. Where do bicycles come
from?
For instance, Bicycles are assembled using
parts and components from all over the
world, especially Asia and Europe. For
example, Bianchi carries out all of its
design, prototyping, and conception work
in Italy, and then assembles most of its
bicycles in Taiwan, China, using parts and
components from China, Italy, Japan,
Malaysia, and many other parts of the
world.

6. What’s a value chain?
A value chain refers to the steps businesses take to produce a product or service and deliver it to
the consumer. For companies that produce goods, a value chain comprises the steps that involve
bringing a product from conception to distribution, and everything in between- such as procuring
raw materials, manufacturing functions, and marketing activities.
I developed a keen interest in Fashion while growing up and my series of experiences has
equipped me to be able to come up with unique designs that people find very appealing. Since I
am a full time student with little time to develop these designs, I came up with a model where I
create the designs during my free time, contact the fabric/material supplier to get the necessary
materials for the design, and work with local tailors to bring the designs to life.
This simple business idea of mine is an example of a value chain. If carried out on a global level,
then it becomes a Global value chain (GVCs)

7. An Illustration of my business model