Economists and business scholars explore how companies are reconfiguring their global value chains and separating their activities across spatial and organizational boundaries. In sections on case examples, organizational forms, and consequences of fragmenting, they consider such aspects as new business models in-the-making in extant multinational corporations: digital transformation in a telco, global integration strategies in time of crisis: an event study of the impact of the global financial crisis on the exporting strategies of Turkish subsidiaries, tied up and shocked: how relational contracting with suppliers constrains global buyers during an economic crisis, global shift-back's: a strategy for reviving manufacturing competencies, and industrial district firms do not smile: structuring the value chain between local and global.