* * *
value chain UK US noun [C] PRODUCTION, ECONOMICS
► the series of stages involved in producing a product or service that is sold to consumers, with each stage adding to the value to the product or service: »
We want recycled materials to reenter the value chain as raw materials.
► the series of companies involved in the different stages of producing a product or service that is sold to consumers, with each stage adding to its value: »
China is pushing hard to move up the value chain in manufacturing.
Financial and business terms. 2012.