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Digital transformation is contributing to changes in how both production processes and transactions take place among firms within global value chains (GVCs). Firms navigate rapid advancements in digital technologies, such as Industry 4.0-embodied technologies that are translating into the reconfiguration of their value chains. In an era of rapid growth in digital technologies, firms are in a position to reconsider their responsibilities within GVCs and reevaluate the strategic opportunities that come with digital transformation in the global market. Advanced technologies help firms in the GVC to streamline their cross-border production networks and enable real-time transactions between the firms. However, the impact of digitalization on the GVC has not been given much attention in earlier studies. This article presents a systematic literature review (SLR) based on the analysis of 43 articles on GVCs published between 2018 and 2024 and retrieved from the Scopus, Web of Science, and ProQuest databases. The study contributes in two ways: first, to elucidate the association between digital transformation and business-to-business (B2B) transactions within GVCs, and second, to propose future research directions aimed at enriching the literature on GVCs and suggesting theoretical and managerial implications.
Mohiuddin et al. (Wed,) studied this question.
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