What Are Global Value Chains? The Answer for Students in International Trade Management Training

An international trade management training grad working on an industrial storage container.

If you’re considering a career in international trade, a profound understanding of Global Value Chains will help you succeed as you perform various supply chain management functions. Keep reading to discover the definition of global value chains, their importance in your future career, and how completing our International Trade Management Diploma Program will help you optimize global value chains for international business expansion. 

What Are Global Value Chains? 

To understand global value chains, it may be helpful to understand two important terms. A knowledge of globalization and value chains will provide more context. Globalization refers to the continual growth of international trade and capital flow between different world economies. Value chains represent the entire process of delivering goods and services to consumers, from research and development to production to sales and service. Combining those terms gives us a solid definition of global value chains. A global value chain is established whenever a business outsources business functions outside of one particular country.

An international trade management training grad working in a warehouse.
International trade management training will introduce you to key global value chain concepts.

What Is Their Significance in an International Trade Career

The ability to leverage global supply chains helps businesses to reach a massive international market. In an increasingly globalized world, it has become more common for businesses to look globally for the most cost-efficient solutions rather than keeping their operations local. This has changed the global trade landscape in many ways. GVS are powerful drivers for job creation, greater productivity, and higher living standards worldwide. As a result, there’s plenty of incentive for countries to participate. Of course, global chains have raised many concerns about corporate exploitation for higher profit. In international trade management training, you will learn the code of ethics and standard trading conditions of a CIFFA freight forwarder to mitigate these concerns. What else can you look forward to learning?

An international trade management training grad watching trucks and planes leave a warehouse.
International trade management training will ensure you optimize global value chains.

How International Trade Management Training Will Set You up for Success

If you’re considered a logistics coordinator, purchaser, or exporter/ importer, our international trade management courses will prepare you to manage supply chain operations efficiently, cost-effectively, and ethically. The feasibility of international trade (FIT), International Market Entry Strategies (IMES), Global Value Chain (GVC), Products and Services for Global Markets (PSGM), International Trade Finance (ITF), and Commercial Documentation will be covered in great detail among other career-focussed supply chain and logistics subjects. When you complete this program, you will receive a Certified International Trade Professional (CITP) from FITT, a certification that makes you sought-after by employers. 

Are you ready to start your international trade management diploma

Contact Discovery Community College to learn more!

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