Global value chains and supply chains are an integral part of our current economy. Their investigation reveal the global-scale division of work involving a lot of firms, carriers and other stakeholders. In this system, Hungary and Hungarian companies are also deeply embedded. In the past couple of years, it became evident that these global networks are under transformation because of technological developments and other megatrends. In order to ensure that we are up-to-date with the ongoing transformation of global value chains, and to help Hungarian companies benefit from these changes, it is essential to investigate the operation and structure of these networks, the supply chains, the governance practices and innovation processes together with their impact on the local economy and potential tasks for policy-making.
The Centre of Excellence for Future Value Chains (FVC) have been established to do research on global value chains and supply chains and on their future for the benefit of the Hungarian economy. The Centre involves researchers from all three faculties of BBS.