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The phrase "global value chain" is correct and usable in written English.
It refers to a system of interconnected companies and related activities that are part of the global value system. For example, in the electronics industry a global value chain could include the manufacturers, suppliers, transporters, retailers, and customers of a particular product.
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That's how they climb the global value chain.
It wants to move up the global value chain.
"Anything that ensures that we become part of the global value chain is welcome," he said.
Investments in Mexico are driven by its proximity to the United States, contributing to global value chain cooperation.
"Most companies in goods markets depend on a complex global value chain, so what matters is how the UK is integrated in the European economic area.
The Value Chain Innovation Initiative brings together faculty, staff, students, and practitioners to advance the theory and practice of global value chain innovation through research and knowledge dissemination.
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As globalization advances, the reach of global value chains is expanding.
As director of Duke's Center on Globalization, Governance & Competitiveness, he studies how global "value chains" affect North Carolina and other states.
Production is fragmented and organized along global value chains.
What opportunities do clustering and global value chains offer to SMEs in global markets?
This paper offers four contributions to the empirical literature on global value chains (GVCs).
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

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CEO of Professional Science Editing for Scientists @ prosciediting.com