How global value chains survive and adapt, with Jorge Sicilia
In the third edition of the conference series “Geopolitics on the Board of Directors’ Agenda”, we explore how companies are incorporating resilience, trust and economic security into their production and investment decisions.
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Global value chains are undergoing a profound transformation after decades primarily organized around efficiency. Recent disruptions — from the pandemic to ongoing geopolitical tensions — have exposed the vulnerabilities of highly optimized production networks, prompting both companies and governments to rethink how they operate.
In this new episode of the Do Better Podcast, produced by EsadeGeo in collaboration with the Center for Corporate Governance, economist Jorge Sicilia, Chief Economist at BBVA, examines how companies are incorporating new criteria into the organization of their supply chains.
As part of the third edition of the conference series “Geopolitics on the Board of Directors’ Agenda”, the discussion highlights how resilience, trust among trading partners and the predictability of the institutional environment are gaining importance, moving beyond a purely efficiency-driven logic. This second session, titled “Value Chains: Resilience versus Optimization”, reflects this shift.
The conversation also addresses the geographic reconfiguration of global value chains, the emergence of “connector countries” that are attracting new productive investments, and the role Europe may play in this evolving landscape.
In a context of growing economic and geopolitical uncertainty, Sicilia reflects on how globalization may evolve and what strategies can enable companies and economies to adapt without giving up the benefits of international trade.