Global Value Chains in the Digital Age: The Impact of Smart Manufacturing and the Internet of Things

Abstract

The rapid development of the digital era is changing the global economic pattern and production mode, and the application of digital technology is profoundly affecting the operation of the global value chain. Smart manufacturing and the Internet of Things, as core technologies in the digital age, are having a profound impact on global value chains. By exploring the application and impact of smart manufacturing and the Internet of Things in global value chains in the digital age, this paper aims to gain a deeper understanding of the driving and transformative impact of these technologies on the global economy.