Meaning of “value chain” in the English Dictionary

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"value chain" in Business English

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value chainnoun [ C ]

uk us 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.

(Definition of “value chain” from the Cambridge Business English Dictionary © Cambridge University Press)