BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

Managing Global Value Chains in a Sustainable Development Environment
Fareniuk N. V.

Fareniuk, Nataliia V. (2024) “Managing Global Value Chains in a Sustainable Development Environment.” Business Inform 7:57–64.
https://doi.org/10.32983/2222-4459-2024-7-57-64

Section: International Economic Relations

Article is written in Ukrainian
Downloads/views: 0

Download article (pdf) -

UDC 658.5.011

Abstract:
Managing global value chains is a critical aspect of modern business, which becomes even more relevant in the context of sustainable development. Global value chains include all stages of creating, manufacturing, and supplying products, from raw material suppliers to end consumers. Effective management of these chains helps to optimize costs, improve product quality, and meet customer needs. At the same time, the growing focus on sustainability requires businesses to integrate environmental, social, and economic aspects into their operations. That is why the presented article considers the main aspects of management of global value chains, taking into account the changing conditions of the modern global economic space. The aim of the presented study is to determine the theoretical, methodological and practical aspects of managing global value chains in the context of sustainable development. The main methods used in the preparation of the article are: the method of comparison to determine the features of the variable conditions of the modern global economic space; methods of analysis and synthesis to determine the components of the global value chain management system; methods of deduction and induction; method of generalization; logical method; analytical method; graphical and tabular methods for presenting the results obtained in the course of the study. The growing focus on environmental and social responsibility requires companies to integrate sustainability principles into value chain management. This includes reducing greenhouse gas emissions, using environmentally friendly materials, ensuring fair working conditions, and social responsibility. Managing costs, ensuring competitiveness, and adapting to changing market conditions are key economic challenges. Optimizing logistics, reducing storage and transportation costs, and improving inventory management are another aspects that are of importance. The use of modern technologies allows you to increase the efficiency of value chain management. The Internet of Things makes it possible to monitor in real-time, big data helps in analyzing and forecasting demand, and artificial intelligence contributes to the automation of processes. Consequently, managing global value chains in a sustainable environment is a challenging but necessary task for modern enterprises. The integration of environmental, social and economic aspects into management strategies allows for long-term competitiveness and sustainability. The use of modern technologies, the development of partnerships and the flexibility in responding to changes are key elements of successful value chain management in a sustainable development environment.

Keywords: circular economy, sustainable development, green economy, financing, financial instruments, circular business models, global value chains, regulation.

Fig.: 2. Tabl.: 3. Bibl.: 20.

Fareniuk Nataliia V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Finance, Educational and Scientific Institute of International Relations Taras Shevchenko National University of Kyiv (36/1 Yuriia Illienka Str., Kyiv, 04119, Ukraine)
Email: [email protected]

List of references in article

Bulatova, O. et al. “Influence of Regional Financial Market Models on the Structure of Global Financial Assets“. Proceedings of the 6th International Conference on Strategies, Models and Technologies of Economic Systems Management (SMTESM 2019). Advances in Economics, Business and Management Research, vol. 95 (2019): 281-285. DOI: 10.2991/smtesm-19.2019.55
Gereffi, G., and Fernandez-Stark, K. “Global Value Chain Analysis“. Duke University Durham, 2011. https://www.globalvaluechains.org/wp-content/uploads/Primer_1stEd_2011.pdf
Gereffi, G., and Fernandez-Stark, K. “Global Value Chain Analysis“. Duke University Durham, 2016. https://dukespace.lib.duke.edu/items/e8010f4b-90c9-4835-bc54-16422bb7efb6
Gereffi, G., Humphrey, J., and Sturgeon, T. “The governance of global value chains“. Review of International Political Economy, vol. 12, no. 1 (2005): 78-104. DOI: 10.1080/09692290500049805
Gereffi, G. “Risks and Opportunities of Participation in Global Value Chains“. World Bank Policy Research Working Paper. April, 2014. https://openknowledge.worldbank.org/handle/10986/18333
Krysovatyy, A. et al. “The Concept of Inclusive Economy as a Component of Sustainable Development“. Problemy Ekorozwoju / Problems of Sustainable Development, vol. 19, no. 1 (2024): 164-172. DOI: https://doi.org/10.35784/preko.5755
Lee, J., and Gereffi, G. “Global value chains, rising power firms and economic and social upgrading“. Critical Perspectives on International Business, vol. 11, no. 3-4 (2015): 319-339. DOI: https://doi.org/10.1108/cpoib-03-2014-0018
Melnyk, T., Melnychenko, S., and Reznikova, N. “The Conceptual Framework for the Operation of Financial Systems in the Context of Global Structural Transformations of Business Models of Banking“. Baltic Journal of Economic Studies, vol. 5, no. 4 (2019): 148-154. DOI: https://doi.org/10.30525/2256-0742/2019-5-4-148-154
Melnyk, T., Reznikova, N., and Ivashchenko, O. “Problems of Statistical Study of “Green Economics” and Green Growth Potentials in the Sustainable Development Context“. Baltic Journal of Economic Studies, vol. 6, no. 3 (2020): 87-98. DOI: https://doi.org/10.30525/2256-0742/2020-6-3-87-98
Milberg, W., and Winkler, D. “Economic and Social Upgrading in Global Production Networks: Problems of Theory and Measurement“. International Labour Review, vol. 150, no. 3-4 (2011): 341-365. DOI: https://doi.org/10.1111/j.1564-913X.2011.00120.x
Reznikova, N. “Ecological Imperatives for Extension of Globalization Processes: Problem of Economic Security“. Investytsii: praktyka ta dosvid. 2016. http://www.investplan.com.ua/pdf/21_2016/6.pdf
Reznikova, N., Ivashchenko, O., and Rubtsova, M. “Global Problems as a Subject of Interdisciplinary Studies in the Focus of International Economic Security and Sustainable Development“. Ekonomika ta derzhava, no. 7 (2020): 24-31. DOI: 10.32702/2306-6806.2020.7.24
Shtal, T. et al. “Implementation of modern marketing tools in entrepreneurial activity“. Ekonomika rozvytku, vol. 22, no. 4 (2023): 53-63. DOI: 10.57111/econ/4.2023.53
Hirna, O. B. “Lokalni ta hlobalni aspekty formuvannia dodanoi vartosti u lantsiuhu postavok“ [Local and Global Aspects of the Formation of Added Value in the Supply Chain]. Tsyfrova ekonomika ta ekonomichna bezpeka, no. 1 (2022): 22-28. DOI: https://doi.org/10.32782/dees.1-4
Hrushko, V., and Kovchar, R. “Suchasne rozuminnia hlobalnykh lantsiuhiv vartosti“ [Contemporary Interpretation of Global Value Chains]. Vcheni zapysky Universytetu «KROK», no. 1 (2023): 9-14. DOI: https://doi.org/10.31732/2663-2209-2022-69-9-14
Desiatniuk, O. M., Krysovatyi, A. I., and Ptashchenko, O. V. “Rozvytok finansovoho instrumentariiu biznesu v umovakh tsyfrovoi inkliuzii“ [Development of Business Financial Instruments in Conditions of Digital Inclusion]. Zhurnal stratehichnykh ekonomichnykh doslidzhen, no. 6 (2023): 28-37. DOI: 10.30857/2786-5398.2023.6.3
Duhinets, H. V. Hlobalni lantsiuhy vartosti [Global Value Chains]. Kyiv: KNTEU, 2018.
Kyzym, M. O. et al. “Teoretychni zasady rozvytku hlobalnykh lantsiuhiv stvorennia vartosti“ [The Theoretical Foundations of the Development of Global Value Chains]. Biznes Inform. 2018. https://www.business-inform.net/export_pdf/business-inform-2018-12_0-pages-39_50.pdf
Ptashchenko, O. V. “Ekonomichna inkliuziia na mizhnarodnomu ta rehionalnomu rivniakh: finansovyi aspekt“ [Economic Inclusion at the International and Regional Levels: The Financial Aspect]. Svit finansiv, no. 2 (2023): 95-105. DOI: 10.35774/SF2023.02.095
Ptashchenko, O. V., Reznikova, N. V., and Ivashchenko, O. A. “Mizhnarodni stratehichni aliansy v umovakh tsyfrovykh transformatsii i rozvytku rynku danykh“ [International Strategic Alliances in the Context of Digital Transformation and Data Market Development]. European Scientific Journal of Economic and Financial Innovation, no. 2 (2023): 214-227. DOI: https://doi.org/10.32750/2023-0218

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster