Importance This article discusses the issues of development and improvement of risk management in global value chains (GVC). Objectives The article aims to consider the changing situation in transnational business, emergence and development of new risks. As well, it aims to form a possible new approach to risk management in global value chains. Methods The study rests on the expert evaluation method, comparative analysis, and heuristic prediction. Results This article demonstrates the need for comprehensive risk management across the entire global value chain, helping to effectively identify risks and minimize their impact. The article also says about the need to rethink the general approach to risk management in global chains. Conclusions and Relevance Systemic, market, operational, credit, and other risks should be tracked across all parts of the global chain. Risk monitoring should cover absolutely all business participants in GVC. Only integrated actions to identify risk and apply a set of financial and non-financial instruments lead to the necessary results.
Keywords: globalization, global chains, risk, management
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