earticle

영어

In recent years, global value chains (GVCs) have undergone significant transformations driven by a confluence of factors, including the COVID-19 pandemic, the US-China trade conflict, resource scarcity, and the burgeoning demand for advanced technologies. The pandemic has disrupted supply chains and highlighted the vulnerabilities of overreliance on single-source suppliers. The trade war has exacerbated geopolitical tensions and encouraged companies to diversify their sourcing strategies. Resource scarcity, particularly in critical minerals like lithium, has prompted companies to secure alternative supply sources. And the rapid advancement of the 4th Industrial Revolution (4IR) has created new opportunities and challenges for GVCs. As industries embrace 4IR technologies such as AI, robotics, big data, and cloud computing, demand is expected to surge for products and services in these areas, including electric vehicles, autonomous vehicles, and smart factories. To prepare for this shift, global companies are actively pursuing mergers and acquisitions (M&As). These M&As aim to acquire complementary technologies, expand market reach, and enhance innovation capabilities. This study delves into the changing dynamics of GVCs and the role of M&As in shaping corporate strategies. It begins by reviewing relevant literature on GVCs in Chapter II. Chapter III presents case studies of GVCs established through M&As by global companies. Chapter IV analyzes the key characteristics of GVCs formed through M&As. Chapter V concludes by drawing insights and implications for future research and practice.