How can global value chains foster innovation and technology transfer?

Global value chains stimulate innovation and technology transfer by creating interconnected networks where diverse expertise converges. In this collaborative ecosystem, companies leverage specialized skills from different regions, accelerating the exchange of technological advancements. Through strategic partnerships and efficient knowledge sharing, innovative ideas seamlessly traverse borders. This interconnectedness promotes a dynamic environment, fostering the adoption and adaptation of cutting-edge technologies across the global landscape. The result is a continuous flow of innovation, as each participant contributes unique insights, ultimately propelling the entire value chain towards technological excellence.

In a world increasingly connected with science and technology, the Global Value Chain, will be the best way for companies and people to exchange experiences, studies and informations in order to have a better sustainable planet at all levels, including cyber security.

Innovation and technology transfer can be a powerful tool for firms and workers in GVCs, as it enables them to access new knowledge, ideas, technologies, and markets. Learning by doing, interacting, importing, and investing are all mechanisms by which firms and workers can acquire new skills and capabilities to improve their productivity and quality. For example, through their participation in GVCs they can be exposed to higher standards, feedback, and competition. Moreover, they can access new knowledge and ideas from their interactions with other actors in GVCs through formal or informal channels of communication, collaboration, or contract. Additionally, firms and workers can benefit from the diffusion of new technologies and inputs from

Global value chains encourage innovation and technology transfer by creating interconnected networks where diverse expertise converges. It enables them to access new knowledge, ideas, technologies, and markets adding value . It is a best tool wherein hot topics like sustainability , environmental concerns etc. could be discussed and resolved.

Cadeias globais de valor (CGVs) têm um papel crucial na promoção da inovação e transferência de tecnologia. Ao integrar diferentes etapas produtivas em diversos países, as CGVs facilitam a colaboração entre empresas e instituições de pesquisa em um ambiente global. Isso permite a troca de conhecimento e melhores práticas, impulsionando a inovação em produtos e processos. Além disso, as CGVs possibilitam o acesso a tecnologias avançadas em diferentes partes do mundo, estimulando a adoção e adaptação dessas tecnologias em diferentes contextos. Essa interconexão global também cria oportunidades para empresas emergentes e países em desenvolvimento se inserirem na economia global, contribuindo para o desenvolvimento econômico e social global.

It's important to recognize the obetive of GVCs, that is provide services and productos to every economical sector around the world also, a GVC improves the opportunity to identify the main areas of work where a improvement planning could be applied with the objective of increase production and reducing time.

According to my professional experience in several companies, I believe that innovation and technology transfer allows organizations to benefit from an optimized manufacturing process, including lower prices with good quality raw materials. Determining which processes generate value and their costs requires an organized information system, for which a digital tool facilitates the evaluation and prioritization of activities, since all the information can be consolidated in one place. The investing in technology contributes to the value chain, because it stimulates the growth of the company, reduces costs in the medium and long term, makes products/services more profitable, and quickly becomes a competitive advantage.

Global value chains can foster innovation and technology transfer by facilitating cross-border collaboration and knowledge exchange among diverse stakeholders. Engaging in partnerships with suppliers, customers, and research institutions enables the sharing of ideas, skills, and resources, accelerating the adoption and dissemination of innovative technologies across different parts of the world.

Technology serves to join research with real world products that can help to provide benefits for society, solutions to problems and, at the same time, generating profit that can be used to fund for further, depends on our choice accordingly to select the better one

An important challenge for an enterprise is to manage the GVCs influence at the moment of create a product, this as a external factor where other contribuitor needs a process to generate part of the product nevertheless, technological advances help the enterprises to focus attention in specific moments of creation where they need to perform a better work in that case, technology helps to reduce time and costs meanwhile the human resource is capable of improving in product's quality.

The benefits of innovation and technology transfer imply an improvement at the industrial level, which translates for the company into an improvement in the quality of its products, facilitating operations and processes, as well as encouraging participation in activities of greater value in production. They facilitate the company's diffusion in local and global markets.

The challenge that companies and governments have based on the development of innovation and the transfer of technology in global value chains is the unequal distribution of resources throughout the planet and the existing power asymmetries between the various actors that make up the market. To this must be added what is related to intellectual property, the training that must be given to employees, given that new technologies impact not only on a social and environmental level. Developing clear short- and long-term strategies that allow companies to maintain themselves and continue developing their markets is a challenge that determines the steps to follow.

Main policies of GVCs should be focused on environment and people, according to several researches the pollution is caused for factories at the momento of create products, in that case, enterprise are responsible of affecting the environment so GVCs need to check a friendly process to generate products with a reduction of pollution also, generating jobs for specific population.

Each country has its own beliefs related to innovation and technology transfer in global value chains, which influences different institutions and actors, such as national governments, regional or international organizations, leading companies or even civil society. Ensuring good policies for the protection of intellectual property, social, labor and environmental rights in each country is key in order not to affect the functioning of the markets in which they operate.

Innovation and technology transfer in global value chains can be leveraged by assessing the company's position in the market and that of its main competitors, in order to develop new strategies, creating networks and relationships around the world. Companies must invest in resources to improve productivity and competitiveness, in addition to investing in systems to measure their growth. Networking with other players in global value chains facilitates communication, collaboration or contracting for innovation and technology transfer.